Let’s face it: life tends to get busy, and it feels like you’re drowning in goals and deadlines. Today, we’re going to go over a strategy that can help you manage your time more effectively in both your personal and professional life. Whether you’re managing a huge business, running a small business on your own, or raising a family, this strategy will eliminate so much stress and give you a huge amount of peace. On that note, let’s take a look at the level 10 meeting.
The Level 10 Meeting
The Level 10 Meeting was invented by an entrepreneur who wanted a way to get ten meetings in one. It works for meetings in any setting, from your business to your church, and even family meetings. Before we started using the L10 strategy, there wasn’t much structure or follow-up in our meetings. But now, the meetings can run without us and still get more done. It’s worked so well that our team members are even using the L10 strategy in their own lives!
All you have to do for the L10 strategy is hold a meeting once a week and give it a 1-10 rating at the end, with the goal being a 10/10. Whether you decide to fully work it into your routine or use a more toned-down version, give the L10 lifestyle a shot!
How L10 Meetings Have Helped
So, how has the L10 strategy worked in our family life? We had actually heard about the idea of a weekly family meeting a while ago, but at the time, we didn’t feel like we were in a position to implement it. We’ve always tried to keep our family and entrepreneurial lives separate while being fully present for both. Holding meetings where we can ask our burning questions and share our needs has helped us to take accountability for both.
One of our biggest problems before using the L10 strategy was that there was always another issue to take care of. We used to bring the issues up as soon as we noticed them. And it would turn the meeting into a nonstop stream of things to take care of. Now, we just write the issues down, bring them up at the next family meeting, and figure out how to tackle them together. This has taken so much pressure off for us as parents, giving us a chance to step back and assess the situation without any stress.
How We Structure Our L10 Meetings
1. Sharing wins
When we sit down for an L10 meeting, the first thing we do is go around the table and have everybody share a win from the last week. This is just a quick statement about something great that happened in their lives.
Next up, go into some announcements. Just go over a few major things that are coming up, like major deadlines or things to look forward to, and what needs to be done to make them happen.
3. Scorecard review
Third is the scorecard review, where you cover a small number of metrics to see how things are shaping up and whether or not everything is on track. Everyone goes over the metric they’re tracking and reports it to the group. This adds an extra layer of accountability for everyone to meet their goals, and helps them to take more defined and intentional steps.
4. Rock review
Fourth comes the rock review. For the rock review, everyone goes over a major “rock” that they’re looking to move, which usually represents bigger, more long-term goals. Break these rocks up into smaller chunks like a monthly or quarterly rock that you can work towards with your scorecard review goals. Then, go over what you did in the last week to move towards this smaller rock, report whether you’re on track or not, and brainstorm ways to get back or stay on track. This helps you to chip away at your major goals over time and gives you a better, more concrete perspective.
5. Headline reports
Fifth, take a minute to do headline reports. If you’ve seen someone go above and beyond, take a minute to encourage and uplift them, or if you’ve seen someone lagging behind, offer constructive criticism, encouragement, and advice on how to improve.
6. Agenda report
Sixth is the agenda report, where you discuss the agenda you set for last week and follow up on the goals you set. This is just a quick check-in to make sure everything is running smoothly and to see where there may have been a hang-up.
7. IDS (identify, discuss, and solve)
Seventh is the IDS (identify, discuss, and solve) section. This is a time when group members can share information, bring up issues, or ask for advice and guidance. This is your chance to get stuff done, point out the issues, and make solid steps to take care of them.
Finally, wrap the meeting up with a 1-10 rating. You’re aiming for a 10, so if anyone gives a different rating, ask them why they gave a lower rating, and how you can improve the meeting next week.
The L10 meeting has done so much for our everyday routine, and we’re sure it can do just as much in your life. Feel free to give it a shot, and you’ll notice the difference almost right away.
If you want to learn more about how moms are building passive income without sacrificing time with their family, check our case study here. For more information on the L10 method and other Rainmaker Family tips, visit our blog today!