5 Team Meetings You Need To Grow Your Business

About this video

Dan Martell shares the five meetings he says transformed his software company Sphere and now form a company operating system. He recounts starting Sphere at 24, growing 150% year over year, reaching about 20 people while trying to do everything himself, then learning operating models from books including Good to Great, Scaling Up, Traction and High Output Management; he says the meetings helped sustain growth over four years until acquisition by a US firm when he was 28. The five are: 1) Daily stand-up — each person in about 30 seconds states three things done yesterday, three planned today, and any blockers, so leaders can align work and unblock. 2) Weekly sync — synchronise on the scorecard, quarterly big rocks and issues together with full context. 3) Monthly review — review prior month status (green/red/yellow), plan next month, and do show-and-tell on in-progress work rather than waiting for perfection. 4) Quarterly planning — every 90 days, ideally off-site for at least a day, review lessons, carry forward unfinished work and reset metrics and priorities. 5) Yearly strategic planning — a two-day off-site looking back 12 months and setting a 10-year target, three-year vision and one-year goals with five to seven priorities, parking long-term ideas there instead of derailing current meetings.

Key takeaways

• Daily stand-up: yesterday’s three accomplishments, today’s three priorities, and blockers — about 30 seconds per person, with the leader’s job to align and unblock.
• Weekly sync is for scorecard metrics, progress on quarterly big rocks, and discussing issues together when the right people and information are present.
• Monthly reviews should include show-and-tell of unfinished work so other departments understand progress and can be proud of it, not just a status check.
• Plan in 90-day cycles: fidelity drops beyond a quarter, so reset off-site each quarter with lessons from the previous 90 days.
• Yearly strategic planning sets the 10-year target, three-year vision and one-year goals; park strategic new ideas for that meeting instead of slowing current execution.

Episode details: published December 16, 2019 · 11:53 long. Summary written by Self Growth Videos from the episode itself. Business results and any income figures mentioned are Dan Martell’s own claims, shared for education — they are not typical or guaranteed.

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