Anyone who has worked with me knows that I am not a huge fan of meetings. I like my meetings short, sweet, small and productive. I think my distaste for meetings came out of my experience running agencies. In the agency business time is literally money. Every minute you spend is either billable (costs the client) or non-billable (costs the agency) and both scenarios can be very expensive. When you have ten people in an meeting for one hour billing an average of $175 per hour your meeting just cost $1,750. You better make damn sure you all needed to be there and actually accomplished something.
Enter Bring TIM!
I stumbled on this product this weekend and immediately placed an order. Bring TIM is a meeting cost calculator. You bring it to a meeting (I am going to leave it in the conference room), dial in the average hourly rate and number of people and hit start. You can see the cost of the meeting in real time so everyone is aware of just how expensive the time is. In my opinion this is a must have for any business, especially those that bill clients based on time (I want to get my lawyer one).
I have no doubt that this will freak out some of my team members but I can’t wait to put it into action. You can order your own here for $24.99.
Twitter Comment
True true! I lost 500 bucks now @tedmurphy Time is money [link to post]
– Posted using Chat Catcher
LOL. That thing is pretty cool. I need one of those at work. My boss is BIG on meetings and maybe this would help lessen them. I doubt it but maybe it is worth a shot. Thanks for sharing.
[…] by Ted Murphy’s post about the TIM meeting calculator, I whipped up an Excel version to meet my own needs. How could I not? After all, it’s name […]
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Cool. Need one for all those meetings with my boss. But also need one to time myself wandering through weblogs, tweets, FB etc to see what I am costing!