It's simple.
In a 40-hour week, you're allowed to block off no more than four hours for internal meetings.
10%
This is how you move FAST.
Most meetings are a waste of time.
But there's an easy fix.
The 10% rule––how it changed my company and will change yours too:
It's simple.
In a 40-hour week, you're allowed to block off no more than four hours for internal meetings.
10%
This is how you move FAST.
At first, it seems like an impossible task––but stick with me.
Plenty of people have closer to four hours of non-meeting time in the week from 9-5.
In fact, I bet you're peeking at your calendar right now saying, "But I have four hours of meetings TODAY?!?"
Businesses love meetings.
You know what I love?
I love how fast an organization can move when you're not carving up every day with check-ins and sync-ups.
I love getting stuff done.
If fewer meetings sound good to you, here are 5 simple ways you can cut down on meetings––that any organization can do:
One of the most common words in any meeting agenda is "Update."
Let's think about that.
An update should be a concise explanation of where something is at and what's changed.
So why do we waste so much time on them?
If you can explain your progress in 20 seconds, your work looks unimportant.
Whether intentional or not, people tend to include unnecessary levels of detail.
Is your entire meeting nothing but updates?
Skip the meeting!
Have everyone share their bullet points and read each other's notes.
Only then, if something surfaces to discuss, should you have a meeting.
Sometimes it seems easier to have a meeting because it seems more efficient.
It takes less time to explain something in person than to write it all down.
But when you make a habit of this, every transfer of information starts to default to yet another meeting.
We call this asynchronous communication.
Your team can absorb the information on their own schedule, without distraction, and get back to you with a plan to move forward.
If you’re in a cross-functional or managerial role, you may feel obliged to go to a lot of meetings.
You need to stay up-to-date on everything.
It’s not that you’re a necessary presenter; you’re worried that you might miss an important detail.
What you need is good, high-level meeting notes, consistently-delivered to you.
Ideally, in a centralized place, and not some co-workers scratchpad or random folder.
So skip the meeting and ask for notes instead.
It’s popular to describe ultra-brief meetings as stand-ups.
I’ve noticed, though, that if anyone is remote, stand-ups become sitting-down meetings (if they weren’t already).
So stay standing!
When you start to get tired, it's time to end the meeting, move on, and get back to work.
The real secret in hitting the 10% goal is that your team can still work together, just don’t have a meeting.
For example:
I jumped in a video conference, we chatted, and we’re done.
It took 8 minutes.
Nothing more.
Try picking one and giving it a test run.
You might surprise yourself at how excited your team gets to have more time to focus on moving the needle.
If you found this thread valuable:
1. Follow me for more threads on business, leadership, and productivity → @darrenchait
2. Check out how my team at Hugo is changing the way people think about meetings ⇢ https://t.co/c9gKNENKXc
More from All
MASTER THREAD on Short Strangles.
Curated the best tweets from the best traders who are exceptional at managing strangles.
• Positional Strangles
• Intraday Strangles
• Position Sizing
• How to do Adjustments
• Plenty of Examples
• When to avoid
• Exit Criteria
How to sell Strangles in weekly expiry as explained by boss himself. @Mitesh_Engr
• When to sell
• How to do Adjustments
• Exit
Beautiful explanation on positional option selling by @Mitesh_Engr
Sir on how to sell low premium strangles yourself without paying anyone. This is a free mini course in
1st Live example of managing a strangle by Mitesh Sir. @Mitesh_Engr
• Sold Strangles 20% cap used
• Added 20% cap more when in profit
• Booked profitable leg and rolled up
• Kept rolling up profitable leg
• Booked loss in calls
• Sold only
2nd example by @Mitesh_Engr Sir on converting a directional trade into strangles. Option Sellers can use this for consistent profit.
• Identified a reversal and sold puts
• Puts decayed a lot
• When achieved 2% profit through puts then sold
Curated the best tweets from the best traders who are exceptional at managing strangles.
• Positional Strangles
• Intraday Strangles
• Position Sizing
• How to do Adjustments
• Plenty of Examples
• When to avoid
• Exit Criteria
How to sell Strangles in weekly expiry as explained by boss himself. @Mitesh_Engr
• When to sell
• How to do Adjustments
• Exit
1. Let's start option selling learning.
— Mitesh Patel (@Mitesh_Engr) February 10, 2019
Strangle selling. ( I am doing mostly in weekly Bank Nifty)
When to sell? When VIX is below 15
Assume spot is at 27500
Sell 27100 PE & 27900 CE
say premium for both 50-50
If bank nifty will move in narrow range u will get profit from both.
Beautiful explanation on positional option selling by @Mitesh_Engr
Sir on how to sell low premium strangles yourself without paying anyone. This is a free mini course in
Few are selling 20-25 Rs positional option selling course.
— Mitesh Patel (@Mitesh_Engr) November 3, 2019
Nothing big deal in that.
For selling weekly option just identify last week low and high.
Now from that low and high keep 1-1.5% distance from strike.
And sell option on both side.
1/n
1st Live example of managing a strangle by Mitesh Sir. @Mitesh_Engr
• Sold Strangles 20% cap used
• Added 20% cap more when in profit
• Booked profitable leg and rolled up
• Kept rolling up profitable leg
• Booked loss in calls
• Sold only
Sold 29200 put and 30500 call
— Mitesh Patel (@Mitesh_Engr) April 12, 2019
Used 20% capital@44 each
2nd example by @Mitesh_Engr Sir on converting a directional trade into strangles. Option Sellers can use this for consistent profit.
• Identified a reversal and sold puts
• Puts decayed a lot
• When achieved 2% profit through puts then sold
Already giving more than 2% return in a week. Now I will prefer to sell 32500 call at 74 to make it strangle in equal ratio.
— Mitesh Patel (@Mitesh_Engr) February 7, 2020
To all. This is free learning for you. How to play option to make consistent return.
Stay tuned and learn it here free of cost. https://t.co/7J7LC86oW0
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The Avengers Mansion was a Beaux-Arts palace. Fans know it as 890 Fifth Avenue. The Frick Collection, which now occupies the place, uses the address of the front door: 1 East 70th Street.
