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.
copyright 2009 – Jan Bolick, Business Class Inc
