Walk Out of Meetings

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Walk Out of Meetings?

Summary

  • You can leave a meeting if you feel you're not adding value or if it's not relevant to you—this helps save the company's time.
  • Time is money. For example, if you earn $50 per hour and have 10 people in a 1-hour call, that's costing the company $500.
  • We often don't realize the cost of meetings. Spending that much money on a team outing to Chili’s would seem like a big expense, but we do it in meetings all the time.
  • Misallocating time by having unnecessary meetings is a reason people stay poor. Always aim to use time in ways that give the highest returns.

Video

How To Take Action

I would suggest implementing a few key strategies to optimize your time and get the most value out of every hour:

  1. Evaluate Meeting Relevance: Before you join any meeting, ask yourself if you will contribute or learn something significant. If not, it's okay to opt out. Simply say, "I don't think this is relevant to me, so I'm going to focus on other tasks." This saves time and increases productivity.

  2. Calculate Meeting Costs: Think about meetings in terms of money. If your hourly rate is $50, and there are 10 people in a 1-hour meeting, that's a $500 meeting. By visualizing this, you start to see the real cost of poorly utilized time.

  3. Prioritize High-Value Tasks: Misusing time through unnecessary meetings is a reason people struggle financially. Always focus on tasks with the highest returns. For instance, instead of long daily meetings, try shorter, focused check-ins.

  1. Improve Meeting Efficiency: If meetings are necessary, keep them short and to the point. Set clear agendas and stick to them. This approach helps ensure that everyone gets back to their high-value work sooner.

  2. Track Time Usage: Start tracking how much time you spend in meetings versus how much you spend on productive tasks. Use this data to adjust and improve your schedule for better returns.

Begin with these low-cost, high-value actions to protect your time, increase efficiency, and ultimately, improve your bottom line.

Full Transcript

you can get up in the middle of meeting and say hey I've just got stuff I need to do and I don't think I'm relevant here or I don't think I'm adding value that's you returning time to the company because this is the thing that everyone forgets let's say uh you make $50 per hour that means that if you have 10 people on a 1-hour call that was a $500 call or a $400 call now if we took the whole team out to Chili's and we spent $400 on drinks and chips and whatever it'd be considered a major expense right but every day all the time you're taking the whole team out to Chili's 10 times a day this is why people stay poor because they don't know how to allocate time to get the highest returns

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