Looking for a simple way get more productivity from your team…
February 18, 2010
As a venture capital firm that provides growth capital to expansion stage software companies there are as many business growth strategies as there are companies.
You can deploy expansion capital and additional human resources across one or all of the operational areas of your business to differing degrees. From marketing to sales to product management to development to customer care to consulting services to finance and on and on.
As an operationally focused venture capital firm we leverage our partners real world experience, combine it with strategic consulting services to help build great companies through best practices and improved business processes.
Last week while I was in an operational review I heard of something so simple and yet compelling that any founder or CEO can put in place to get more from their team without venture capital funding and or strategic consulting that will contribute to your business growth that I want to share with you.
I was talking to Pete Gombert, the CEO of Balihoo www.balihoo.com, about operational leverage and improving the productivity of his team when he let me in on this idea. Pete believes (And I agree) that most people are more productive when they show up to work in the beginning of the day. Taking that a step further he believes that interruptions like meetings that break up the time when people are most productive reduces the team velocity and output. Consequently to increase the teams velocity and productivity Pete decided that company wide there will be no scheduled meetings from the beginning of the day until 11:30 am thereby giving the team a large block of their most productive time uninterrupted.
When Pete told me this I had that “DUH” of course this makes sense moment and I knew what this weeks blog topic would be…
All the best!
P.S. Pete’s team loves this new policy… talk about a win/win!