Menu

a hand pointing to a graph showing the business growth through focusing on what really matters, time management.

Focus On What Really Matters
Time Management Tool

There are never enough hours in a day. As a business owner, it is easy to get caught up in the day-to-day operations of your business and not find time to work on what really matters.

At Brentnalls SA, we have devised this simple time management tool to help you priorities your precious time.

  1. First, list all of the activities you do or would like to do for the business.
  2. Rank each one on a scale of 1-10 where 10 is an activity with the greatest impact on achieving business goals, increasing profit and cash flow in your business, and 2 is of little impact.
  3. The rank each one on a scale of 1-10 where 10 is the activity that will have the quickest impact (i.e. low-hanging fruit) and 1 is an activity that will only impact the business in the long-term.
  4. Total the scores to get a ranking of out 20.
  5. Delegate all tasks with a score less than 16 and focus your time on those with scores 16-20.

Another way of looking at this is if you mark each activity in the following quadrant.

Y and X axis quadrant time management tool example. 
X axis: Time each activity will take to have an impact on achieving goals, increased profit & cash flow in your business (10 = Quickest).

Y axis: Impact on your business goals, profits & cash flow (10 = Highest impact).

All activities marked in Quadrant B should be where you invest your time now (i.e. your immediate goals).

Quadrant A requires more time to achieve your goals and these should have a clear action plans with key people assigned to them to assist you with achieving the desired outcome.

All other activities in Quadrants C and D should be delegated to people in your team to free you up to focus on your activities in Quadrants A and B.

The outcomes of attending to the above include:

  • Ability for you to refocus your attention to areas that will generate the greatest impact on your business;
  • Drive growth and profitability;
  • Increase the value of your business; and
  • Force you to delegate tasks to your team members and empower them to assist you to grow the business - resulting in you being freed up to work more on the business rather than in the business.

If you would like to print this information please click here for PDF format

Disclaimer
The information provided in this information sheet does not constitute advice. The information is of a general nature only and does not take into account your individual situation. It should not be used, relied upon, or treated as a substitute for specific professional advice. We recommend that you contact Brentnalls SA before making any decision to discuss your particular requirements or circumstances.
 



Our Services

Our purpose is to help you increase profitability, build value, and protect and increase wealth.

Accounting & Tax
Business Advisory
Wealth Creation & Preservation
Succession & Retirement Planning
Self Managed Superannuation Funds

 

Industry Focus

We are not just your accountant, we are your business advisor, here to support you and your business. We specialise within the following industries:

Brentnalls Agribusiness
Brentnalls Construction
Brentnalls Health

Resources

Please click on one of the following links to access additional resources: 

Newsletters
Fact Sheets
Tax Facts
Key Dates
Internet Links
Checklists

Our Location

255 Port Road
HINDMARSH SA 5007

PO Box 338
Welland SA 5007 

View location map

P: (08) 8241 8444
F: (08) 8241 8488
E: admin@brentnalls-sa.com.au

 Brentnalls SA on LinkedIn Brentnalls SA on Facebook