Three Quick Discourses On The Importance Of Meetings

Your business meetings should be a profit generator. Here’s how.

Effective meetings earn profit

Effective meetings are a sign of a savvy business that understands the importance of creativity, strategic planning and realistic outcomes. And smart businesses always outperform others. Bad meetings produce nothing, except maybe a decision to call another meeting.

A smart and savvy business draws customers and earns sales because the consumer base knows that smart + savvy = trustworthy quality of merchandise. Thus, your proposal meetings, sales presentations, and operational effectiveness tell customers what to expect. Conversely, you wouldn’t be expecting much out of a company that ran bad meetings, except haphazard merchandise or mailed-in service.

If a business is profit-driven, it must make every effort to earn proceeds from all activities it would conduct. Meetings, of course, are included. A smart leader would conduct meetings in a way that they can potentially help the business earn money and increase its sales.

Effective meetings are money savers

Obviously, people support the results that come from good meetings. Implementing these results would be less expensive, which not only helps a business achieve operational efficiency, but synergy as well, in a way. Results (if any) from a bad meeting seldom have everyone’s support. One-upmanship turns into character assassination, competition turns into cheating, strategies are imbued by subterfuge – all distinct possibilities. In turn, the business wastes huge amounts of money on duplicate efforts and dead-end projects.

Smart companies get full value for money spent. And that includes salaries. In an effective meeting, people are paid to work, not lounge around eating donuts, sipping coffee, and exchanging chitchat.

At the end of the day, employees want to work for somebody who is effective. Thus their desire to work for smart companies. Thus, effective meetings reduce employee turnover, which represents significant savings. In contrast, bad meetings bore top performers into quitting.

Effective meetings empower individuals

People feel a sense of accomplishment and pride once they are part of a team that has come up with a positive result. Hence, increased productivity due to inspired performance in the workplace. And that translates into greater productivity.

People are attracted to leaders who help them. This is a characteristic of a good leader – somebody who recognizes achievement and rewards it in meetings and through meetings. This creates loyalty to the leaders and to the business. On the other hand, unintended chicanery and corporate angst are the end products of bad meetings.

Effective meetings work as a success engine in business. And when there is synergy, there is motivation among employees. When there is motivation, there is success, which begets even more success.

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