I detest meetings. They’re not inherently bad, they’re just silently expensive. Unlike most people, I think, when I’m in a meeting I feel like a passenger in a taxi watching the meter tick higher and higher.
Have you calculated how much your company spends on meeting? Right now Frontier spends a little over $40,000 per month on labour, excluding my time. When the full team gathers it costs me $340 an hour. That’s $5.60 per minute.
How often have we seen managers fret over $20-200 decisions in a meeting that costs as much or more in labour? <sigh>
What can you do? Make faster decisions. Use technology to assist with collaboration. And when you do have meetings, have an agenda, a note taker, and action items.
Have you calculated how much your company spends on meeting? Right now Frontier spends a little over $40,000 per month on labour, excluding my time. When the full team gathers it costs me $340 an hour. That’s $5.60 per minute.
How often have we seen managers fret over $20-200 decisions in a meeting that costs as much or more in labour? <sigh>
What can you do? Make faster decisions. Use technology to assist with collaboration. And when you do have meetings, have an agenda, a note taker, and action items.
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