How do I calculate meeting cost?
Multiply attendees by meeting minutes plus prep or follow-up minutes, convert to hours, then multiply by loaded hourly cost.
What is loaded hourly cost?
Loaded hourly cost includes wages or salary plus benefits, taxes, overhead, management time, and the opportunity cost of using that time.
Should every expensive meeting be cancelled?
No. Expensive meetings can be worth it when they reduce rework, prevent risk, speed decisions, improve alignment, or unblock valuable work.
Why include prep and follow-up time?
Many meetings create hidden work before and after the calendar event. Including that time makes recurring meeting cost more realistic.
Can this replace accounting or legal advice?
No. Business tools are scenario planners. Contracts, taxes, payment timing, accounting treatment, refunds, and legal requirements can change decisions.
What should I do after using a business tool?
Save the assumptions, compare a conservative scenario, and review the result with actual books, contracts, or an advisor before making a high-stakes decision.