that looks like a logical way to start.
Solder the smallest (i.e. shortest in height from the board) components first - diodes, then resistors, then sockets, then blue 'box' capacitors and LED, electrolytic caps, then finally the pots.
Make sure that the pots are turned to full counter-clockwise before you solder them so as to minimise the risk of excess heat damaging the internal track.
Also, keep your soldering iron tip CLEAN!!!