The Benefits of Having a Meeting Rhythm in Place in your Practice
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The Benefits of Having a Meeting Rhythm in Place in your Practice

Have you ever been in a meeting where it seems like everyone is just going through the motions? Maybe people are checking their phones or doodling on a notepad. Or, worse yet, maybe people are arguing with each other and nothing gets accomplished. 

If this sounds familiar, then your business could benefit from having a good meeting rhythm in place. A good meeting rhythm means having regular meetings that are focused and productive. It can help to keep everyone on the same page and ensure that important deadlines are met. In addition, a good meeting rhythm can help to build relationships and trust within a team. When people feel like they are being heard and their opinions are valued, they are more likely to be engaged and productive.  

Many people might think that having meetings is a waste of time, but that’s not always the case. In fact, if you have the right meetings and run them effectively, they can save you time and money. 

This was famously said by Peter Drucker, “Management is doing the right things, but leadership management is doing things right.” In other words, good leadership can ensure that teams are on the same page and working towards common goals. This is where a good meeting rhythm comes in-it helps to keep everyone aligned and moving in the same direction. 

Imagine you’re in a meeting. You and your colleagues are discussing different options for a project. Suddenly, someone interrupts and asks what the project is about. You try to explain, but it quickly becomes apparent that not everyone is on the same page. As a result, the meeting becomes more chaotic, and it takes twice as long to reach a conclusion. 

Now imagine the same scenario, but this time everyone is on the same page. The discussion is more focused, and you’re able to reach a decision more quickly. This is the power of a good meeting rhythm. By having a regular meeting schedule in place, you can keep everyone on the same page and save time in the long run. 

In addition, you can use meetings to track progress, identify problems early, and make decisions more efficiently. So if you’re looking to improve your team’s productivity, consider establishing a regular meeting rhythm. It could make all the difference. 

When everyone knows when the next meeting is, they can plan their work accordingly and make sure that they are prepared. This also allows for better communication between team members, as everyone knows when they need to provide updates. 

It can be easy to get sidetracked when there is no set meeting time, but having regular meetings helps to keep everyone accountable.   

Not to mention, clients are the lifeblood of any business, and accounting practices are no different. In order to maintain healthy client relationships, it is essential to keep everyone involved in the loop. 

That’s where having a good meeting rhythm comes in. By holding regular check-ins, both in person and via conference calls or video chats, you can ensure that your clients always know what’s going on with their accounts. 

These meetings provide an opportunity to build rapport and establish trust. As a result, clients are more likely to feel comfortable working with you and are less likely to take their business elsewhere. In other words, a good meeting rhythm is essential for keeping your clients happy.  

Every Accounting and Bookkeeping firm should regularly have four different types of meetings to address communication challenges and make important decisions for scaling up the firm. 

The first is the Daily Huddle. This is a quick meeting, usually lasting no more than 15 minutes, where everyone in the firm shares what they are working on that day. 

The second is the Weekly Tactical. This is a more in-depth meeting where teams discuss their progress from the previous week and make plans for the coming week. 

 The third is the Monthly Board Meeting. This is a meeting of the firm’s partners and shareholders to review financials, discuss strategy, and make decisions about the direction of the business.  

The fourth and final type of meeting is the Annual Planning Meeting. This is an intensive planning session where the entire firm comes together to set goals and make plans for the year ahead. These four types of meetings are essential for any Accounting and Bookkeeping firm that wants to scale up and be successful. 

The most important of all these meetings is not the “big meetings”, but in fact the short and powerful daily huddle. Daily huddles are an absolute necessity as you scale the company. 

Highly successful leaders including John D. Rockefeller and Steve Jobs implemented the daily huddle to continuously scale their businesses from success to success. The daily huddle tracks progress and brings out sticking points that are blocking your execution. This will help you avoid minor train wrecks and quickly take advantage of unforeseen opportunities. The daily huddle can save everyone an hour or so of needless email updates and ad hoc interruptions. 

Continuous improvement is a journey, not a destination, and the daily huddle is your North Star that will help you stay on the course day in and day out. Go run your best business! 

PS: Whenever you’re ready… here are the fastest 3 ways we can help you transform your accounting/bookkeeping practice:  

1.  Get our practice transformation Friday tips to your inbox – Every week Ed Chan shares a tip on his experience of building a $20million firm that runs without him – start getting your Friday Tip emails here 

2.Get full access to the toolkit and business blueprint we’re using to build our own $10million firm for $49.99 – A 30-day access login to our WizePulse membership will give you unrestricted access to every tool, template, and training we are using to grow our own firms – Get yours here

3. Join Jamie for a 60min practice growth diagnostic for free – Let Jamie Johns, coFounder of Wize and CEO of Sky Accountants, show you his own 7-Step Freedom scorecard. He’s used it to build sky to $4million and only work 1 day a week – Book in here