Think of a recurring meeting that's in your diary – that has multiple people in the room.
Now, make a list of all the regular attendees.
Do a guestimate on what they are paid and what their hourly rate equates to.
Now add in an estimate of the time spent in preparation for the meeting, as well as the time
spent in the meeting, and the time spent following up from the meeting.
Now once you have done all that, tally up the hourly rate of the attendees.
Finally, how frequently does this meeting occur? Is it monthly? Weekly? Multiply the number of
hours invested in this meeting, the hourly rate of you and your colleagues, and annualise that
figure.
Now, I want you to try and quantify the value of the meeting – what transformational decisions
are made? What impact does it have to your business, your clients, your people or results?