Speaking of time costs, did you know that in America, 11 million times of meetings are held in total every single day? The time cost being spent on meetings ONLY comes up to a whopping sum of USD 37 billion! It is easy for them to hold meetings as they do not need any authority from the finance department. But that is A LOT! So, how are we going to cut the meeting time costs in our country? Therefore, before you simply decide on holding a meeting, make sure you are clear of the direction you are heading towards or you may end up wasting not only time, but money too. Conducting an effective workplace meeting should be your ultimate goal.
Perhaps you are unable to see the clear picture yet, which is why I am introducing you to Isaac. Isaac works in the financial investment industry and it requires him to attend many meetings with his clients and employees. Meetings are held online, but some also require him to talk with them on the phone for very long hours. Under certain circumstances, Isaac needs to commute to work and he ended up being stuck in the traffic jam when he was making his way to the meeting venue. Time, energy, and motivation were all adversely affected. As a result, Isaac felt extremely stressed and exhausted. This was also due to the fact that he had very little to no time at all to play golf with his friends, which was mainly caused by his busy job.
One day, Isaac’s friend called him out for a game of golf. Unfortunately, Isaac was too busy that he had to reject the offer. His friend, who is a CFO, noticed something felt off so he started questioning Isaac on his situation. Having Isaac explaining his entire dilemma on being too occupied with meetings, his CFO friend had the perfect solution for him.