Last year, a survey claimed that unnecessary meetings are a $100 million mistake at big companies. Reluctantly going to non-critical meetings wasted about $25,000 per employee annually, i.e. about $101 million a year for any organization with more than 5,000 employees.
And now, in contrast to what usually happens in most offices around the world, a billionaire and Shark Tank judge has the point of view that meetings are in fact the biggest time killer in offices.
Jump To
“That Meeting Could Have Been An Email”
cnbc/getty
“That meeting could have been an email”, says billionaire Mark Cuban, who is also a judge at Shark Tank. He doesn’t have much time to waste and thinks meetings are the number one workplace habit killing people’s productivity and eating away at their time.
Earlier this year, Cuban had also said that he would be just as happy without 99% of his wealth (his current net worth is $5.1 billion as per Forbes).
In a recent conversation, he said that people “over-meet and over-call”, and that meetings kill so much time. The Shark Tank judge has been pretty vocal about his commitment to having power over his own time — he says it’s partly what drove him to want to become successful. To him, meetings are an obstacle to controlling his own schedule, as per CNBC.
His daily routine starts with a 6:30 a.m. wake-up where he responds to a morning round of emails, eats breakfast and works out before diving into the rest of his workday.
Also Read: How A Science Genius Lost Millions In The Stock Market
“Only Do Meetings If There Is No Other Way”
officesnapshots
“I try to only do meetings if I have to come to a conclusion or there’s no other way — same with phone calls,” Cuban said. He says that most meetings get sidetracked by trivial small talk like “Who got the donuts?” and “How are the kids?” instead of working through a productive agenda.
When Cuban Adopted A ‘No Chair Policy’ For Meetings
getty
Also Read: ‘I Go On Instagram Or LinkedIn To Speak To My Young Employees,’ Wipro CEO Explains Why He Doesn’t Mail
Cuban has always been a meetings critic. He told that early in his career, if he had to hold a meeting, he would get rid of all the chairs in the conference room so that anyone who was in attendance had to stand.
“It’s amazing how quickly meetings get over with if no one has a chair or some place to sit,” Cuban lightly joked, the report mentioned.
The no-chair policy didn’t necessarily stick, Mark Cuban had said. He thinks since he was still early on in his career, he may not have been “established enough to get away with it.”
But even now, Cuban prefers to communicate business matters via email. “I can respond to those in the middle of the night. Or I can respond to those on my schedule as opposed to have to arrange everything around other people,” the billionaire says.
For the latest and more interesting financial news, keep reading universo virtual Worth. Click here.