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Time is money

A new gadget keeps meetings on time, on topic and on budget.

By Carol StarcevicPublished: April 01, 2010

Ever wonder how much money you’ve wasted sitting in a long meeting – money in lost sales and lost productivity? Time is money, after all.
   
Now there’s a gadget that can calculate just that. Weighing less than 5 ounces, Bring TIM! is a portable time-management cost calculator and clock. It’s designed to help you run business meetings more efficiently. Sleek and easy-to-use, with an LCD display, this timely referee unobtrusively but continually reminds your employees of the cost of doing business.
   
Simply enter the number of meeting attendees, estimate an average salary hourly rate and press the start button. As the timer advances, the dollars accumulate. When employees see the real-time cost of a single meeting, the discussion quickly becomes more focused and constructive. And everyone realizes that time is valuable.
   
“Many people are frustrated by long, unproductive meetings,” says Brad Johnson, president and founder of Iowa-based Bring TIM! LLC. “They are also expensive. I knew there had to be a solution.” 
   
Bring TIM! – which has a 12-month shelf life and includes a battery – sells for $24.99.