Meetings meetings everywhere!
Great way to communicate. Great tool for propelling the way to goal. A great investment of time or a huge ZAP of it – and energy too.
It’s a good idea to do a quick meeting review every now and then. Just to be sure that your team isn’t over-using this commucation tool. About each meeting you call or attend, ask yourself:
1. What is the purpose of this meeting?
2. What are the results or potential results?
3. How much does it cost to hold the meeting? Example: 10 people X 2 hours X average pay of $20 per hour = $400 + $100 for meeting room + $25 for coffee and doughnuts = $525.
4. Is it really worth $525???!!! In other words – do the results (from #2) warrant the investment (from #3)?
Craig Madison, the CEO of the Grove Park Inn and Spa in Asheville, NC views time and people as his most valuable resources. In a Business Class interview, he stressed the importance of periodically analyzing each meeting to determine if an adequate return on investment is there.
5. If the return isn’t strong enough – could the meeting be discontinued? Or held less frequently?
6. Or could the meeting be more efficient?
Tips for this last one coming in a later post.
Jan has 30 years of sales & management experience and loves sharing it with managers and business owners to help them boost morale and performance so that they can achieve their goals. For more information about the resources provided by Business Class, visit businessclassinc.com.