My Idea Online
  • Privacy Policy
  • Contact Us
Saturday 25 March 2023
  • Login
  • News and Society
  • Automotive
  • Business
    • Business
    • Communications
    • Employment
    • Finance
    • Legal
    • Home Based Business
    • Marketing
    • Online Business
    • Product Reviews
    • Real Estate
    • Self Improvement
  • Home and Family
    • Home and Family
    • Family
    • Home Improvement
    • Kids and Teens
    • Reference and Education
  • Lifes
    • Arts and Entertainment
    • Cancer
    • Entertainment
    • Food and Drink
    • Fashion
    • Health and Fitness
    • Humor
    • Lifestyle
    • Music
    • Recreation and Sports
    • Writing and Speaking
    • Women’s Interests
  • Online
    • Computers & Internet
    • Site Promotion
    • Web Development
  • World Affairs
No Result
View All Result
  • News and Society
  • Automotive
  • Business
    • Business
    • Communications
    • Employment
    • Finance
    • Legal
    • Home Based Business
    • Marketing
    • Online Business
    • Product Reviews
    • Real Estate
    • Self Improvement
  • Home and Family
    • Home and Family
    • Family
    • Home Improvement
    • Kids and Teens
    • Reference and Education
  • Lifes
    • Arts and Entertainment
    • Cancer
    • Entertainment
    • Food and Drink
    • Fashion
    • Health and Fitness
    • Humor
    • Lifestyle
    • Music
    • Recreation and Sports
    • Writing and Speaking
    • Women’s Interests
  • Online
    • Computers & Internet
    • Site Promotion
    • Web Development
  • World Affairs
No Result
View All Result
MyIdeaOnline.com
No Result
View All Result

Quick Tip – Effective Meetings Earn a Profit

idea online by idea online
in Business
1 min read
1.9k 146
0
xxx 1

xxx 1

1.2k
SHARES
2.6k
VIEWS
Share on FacebookShare on Twitter


Most people treat meetings as a free resource that can be used to deal with any issue. As a result, huge amounts of time and money are wasted on trivia.
A meeting is a business activity (not a social event) and should be designed to earn a profit. Here’s how.
Once you’ve prepared the goals for your meetings, use the following analysis to plan the agenda.
1) Calculate the cost of the meeting by multiplying the number of participants (N their labor rate (R and the length of the meeting (t). Then add all other expenses (E including travel, materials, refreshments, room rental, and other expenses.
Cost = N * R * t + E
2) Estimate the value of the results expected from the meeting.
For some issues this step will be easy. Resolving a manufacturing inefficiency, for example, could save thousands of dollars. Or developing an effective strategic plan could earn millions.
This step becomes difficult for less tangible results, such as exchanging information in staff meetings or making some policy decisions. In those cases, estimate the value by comparing outcomes with their potential costs. For example, does it make sense to spend ten thousand dollars on exchanging information in a staff meeting or is five hundred dollars more appropriate?
3) Determine the return on your investment (ROI) by comparing value versus cost.
ROI = Value – Cost
If this analysis predicts a loss, either revise the meeting’s scope or cancel it. After all, a meeting, like any project, must earn a profit.
In addition, a profitable meeting will be an effective meeting.


Tags: Business
idea online

idea online

The internet makes it easy to start a business but what should you start? Discover the right business for you to start with our definitive list of the best online ideas

Related Posts

db2e0ccd977b01a17acc1c50 1920

The Ultimate Business Model – Creating Residual Income Streams

3 days ago
f860b9c87bee6877ab006d12 1920

What you should know about a Medical Billing Specialist

5 days ago
6bbb9d6b320fb5f388d8d8fe 1920

What’s the Difference of Trading Mini Lots Vs. Full-sized Lots in Forex.

6 days ago
c49d9e8d097f790e0e10634e 1920

The REAL TRUTH on choosing an eBook Compiler

1 week ago
b4cc536325130e7ba2ad9ee6 1920

The Great Affiliate Dependency

2 weeks ago
e7747e4d4c83029e93d71e18 1920

Best Credit Card Processing Rates

2 weeks ago
No Result
View All Result

Recent Posts

  • How to Wheelie like a pro on a snowboard
  • Contact an Expert
  • Looking for the most informative help relating to media.
  • Writing articles for Ezines – The Greatest Little Known Secret
  • Homeschooling — A Superior Education For Your Child
  • Home moms on eBay
  • The 5 Hindrances of the Mind: Are They Blocking Your Self-Esteem?
  • Requirements To Produce Tax Information (What’s Up With That)
  • Single Mother On A Budget
  • BREATHE EASY SALTPIPE SALT INHALER.
  • How To Hire A Web Developer
  • The Ultimate Business Model – Creating Residual Income Streams
  • The dangers of making your business to dependent on eBay
  • Dating Online – The new way to meet people
  • SilverGuru takes on FreeAdGuru & Co
  • บริษัท
  • โรงเรียน
  • ก่อสร้าง
  • บริการ
  • กฏหมาย
  • ท่องเที่ยว
  • พนัสนิคม
  • ผู้ผลิตสินค้า
  • อิเลคทรอนิคส์
  • ราชการ
  • ไทย

© 2020 myideaonline.com - property for rent - property for sale.

No Result
View All Result
  • Home
  • Online Idea Content
  • Contact us
  • Privacy Policy

© 2020 myideaonline.com - property for rent - property for sale.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In