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Time Management Skills and Tips to Help You Save Time Online

Management

Possessing time management skills can be beneficial in all aspects of life. Not only are they essential when doing physical tasks or activities, but time management skills can also be helpful when spending time online.

As an increasing number of people begin to spend much of their time on the internet, the idea of putting that time to more efficient use becomes all the more important. Here are some great tips that can help you make each minute count online.

A good time management skill to develop, even while online, is learning how to be more organized. This might seem an obvious tip, but it is something that most people fail to make a habit of. Not being able to organize things can lead to a considerable amount of time wasted on finding things and remembering tasks. Developing good organizational skills, in itself, can be a great time saver.

Keeping organized online is a practice that can help you provide more time to spend on important tasks. One of the simplest ways to do this is learning to keep important website addresses organized. Surfing the net is faster and easier if you know where you are going. Less time is also spent on wondering what sites you need to visit.

If you already have a number of websites that you frequently go to and wish to return to on a daily basis, it is important that you always have a list of them with you. This list can either be in a document file that you save on your computer or a paper list that you keep in a safe place.

Better yet, you can conveniently organize these websites by using the bookmark feature of your PC browser. This way you can always access your bookmark sites every time you wish to visit them. You no longer have to spend time trying to remember them from memory.

Another good time management skill to develop online is by learning how to check your emails on a scheduled basis. More online time is spent browsing through emails, even those that prove to be useless. Without a schedule to follow, you can easily immerse yourself just checking your emails with complete disregard of time. Keep it a habit of giving a specified amount of time just checking up on your emails. Try to strictly enforce the schedule on yourself so that you don’t waste time solely on it while leaving other tasks behind.

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Controlling The Financial Performance Of Your Business

Business

There are numerous factors which impact on the performance and viability of your business. It is therefore imperative that you monitor and control your financial performance. Debt control and budgeting are two elements of this, and of particular importance is your business cash flow.

Many profitable businesses have gone under due to a lack of attention to their cash flow; they have insufficient cash available to pay their bills. Thus, you must plan and control your cash flow in order to effectively manage your business.

Some strategies that may assist in this include:

* Increasing the speed of cash receipts by good debt control strategies

* Avoiding excessive stock holdings by managing stock levels and obtaining reliable, prompt suppliers

* Planning the purchase of equipment and other capital expenditure for periods when surplus funds exist

* Planning to have sufficient reserves to carry your business through the inevitable periods when unexpected expenses are incurred

* Avoiding excessive investment in plant, equipment and other fixed assets which may leave too little working capital available (particularly in periods of falling prices, declining sales or increasing interest rates)

* Avoiding over borrowing as this may place a strain on working capital, loans still have to be repaid even if revenue is decreasing

* Maintain adequate working capital to fund the growth as increasing sales also means increasing costs, your working capital requirements therefore, need to be continually reviewed

* Delaying outgoings by taking advantage of the credit terms offered by your suppliers and paying when it suits your cash flow

* Reducing outgoings by taking advantage of discounts when appropriate and working capital permits

* And most importantly, regularly comparing your actual cash flows to your budgeted cash flows, analysing the differences, and taking action based on this analysis

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