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How To Run Better Remote Team Meetings + Free Notion Template

Republished by Plato

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better-remote-team-meetings-1

Does COVID-19 have your team stuck working at home? Here’s our proven process on how to make sure your team stays productive even if everyone’s working from home.

First, let’s set the stage.

Well, technically you have to schedule the meeting first… Checkout Taggg for this if you have more than 2 people.

So, let’s assume this is done and you’re now running a remote team meeting for the first time with the entire team working from home. As a consequence, the tone of the call may be completely different than when everyone is in the office. People are distracted, there is a lot of repetitive questions and people were unhappy being at home. In the end you got less done. 

If this sounds familiar at all, then you must read on…

Executives need more productivity now more than ever. But the dynamics of WFH (Work-From-Home) with people who aren’t used to it, and who may be experiencing anxiety about COVID-19, are having the opposite effect. The good news is that we’ve been managing remote teams for years and have developed systems and tools to mitigate the drawbacks.

Common Remote Meeting Problems

  • Meeting productivity is low
  • Your team is distracted on calls
  • Agendas are hard to follow
  • Small and even big to-do tasks seem to get lost in space (or in Slack or Email)
  • There isn’t a clear next-step after the meeting
  • Accountability is muddled with no social cues
  • Many people HATE working from home and this clouds their minds
  • Having to make a lot of new decisions about new home routines detract from larger more important decisions (decision fatigue is a real thing)
  • Meetings tend to start and end late

You also might be playing a bit of Conference Call Bingo…

conference-call-bing

Our Remote Meeting Solution

Our solution has been proven with our clients around the world, who have actually started conducting their own internal meetings this way.

The secret is a single dynamic page that solves all of your meeting problems!

How do we do this?

  • L10 style meetings, from Traction, provide built-in accountability
  • Using Notion opens up team collaboration

L10-Meeting-Weekly-Sync

What is an L10 Meeting?

The initial concept of L10 comes from Gino Wickman’s book, “Traction: Get a Grip on Your Business” and is a method of running a team meeting. There are several key components to this style of meeting:

  • There is one person designated to run the meeting, and that person doesn’t need to be the business leader. This frees management up from facilitation AND contribution
  • A personal connection is established upfront to allow more shy people to have a voice within the Segue section where everyone checks in with each other
  • Late or stuck tasks are handled immediately to provide concrete problem solving
  • The core of the meeting (IDS) allows for honest discussion
  • Newly generated tasks have accountability, meaning one person is assigned to it, and the due date is visible to everyone

Here is a quick video on the original L10 meeting. Keep in mind ours is a bit modified.

What is Notion? notion-logo

Notion is a powerful note-taking and collaboration tool that your entire team can access and update. At Inturact, we use Notion in two primary ways:

  1. To manage our Weekly Sync L10-style client calls
  2. To create a completely custom workspace for each client to store our most important notes and deliverables in one central location (See screenshot at bottom of the post)

Benefits of an L10 Style Remote Meeting Using Notion

Please note that this is a modified version of the original L10 based on our experience with client work:

  • Get more done in a shorter amount of time
  • Give team members clear next steps that drive you towards your strategic initiatives
  • Minimize distractions since the entire team needs to be logged into Notion in order to follow the agenda
  • Minimize any big or small items from slipping through the cracks

notion-logo  Get Our Free Weekly Sync L10 Meeting Template from Notion Here

Our Guidelines to Running a Weekly L10 Meeting using Notion

The objective of the meeting is to report on the status of the business or project, identify any issues, discuss and solve them (IDS), and keep the team accountable for ongoing tasks and actions. The agenda is as beautifully simple as it is strict:

  1. Segue (5 min)
  2. Scorecard review (when applicable – 5 min)
  3. To-do list review (5 min)
  4. IDS (The main portion of the meeting 40-50 min)
  5. Rate the meeting (2 min)

Segue


Start the meeting with everyone logging into Notion and a quick check-in from each participant. They can share 1 personal and/or professional update from their end to warm up the conversation and get everyone engaged.

To-do List Review and Task Accountability


You will normally end the previous meeting with multiple To-Do tasks, assigned to every member of the call. During the To-Do list review portion of the current meeting, you will review your ongoing tasks and pinpoint any tasks that are overdue/late. These are considered issues to be solved because there is obviously something causing a roadblock, prohibiting the task from being completed. You’ll make an IDS for each overdue task to figure out why they are stuck and how to proactively move them forward.

Late tasks become the team’s collective problem, so please keep track of what you’ve committed to. And you’ll get more done faster together.

IDS – Identify, Discuss & Solve Issues


1. Identify

Identifying the issue can be tough. You don’t want to just describe symptoms of a recurring problem. Be sure to ask yourself, is this the true issue or is the actual issue something under the surface that’s causing this symptom?

There are 3 kinds of issues to bring to the table:

  1. Problems – Problems to be solved with an action item
  2. Feedback – Items for feedback
  3. Information – Just an FYI or update

2. Discuss

Discussing can be difficult, as most people have an opinion and sometimes it’s hard to move to the solution stage. Defining discussion as ‘everyone has one chance to say what they think’ is a great way to keep the discussion open and focused.

Good discussions require everyone to be willing to air their thoughts and opinions honestly. There will be disagreements, but this is a good thing. The more views that can be aired, the more potential solutions will present themselves.

3. Solve

Solve happens once an issue has been discussed (not before; this is harder than it looks), and it is important to find the next appropriate action and who will be responsible. Sometimes, an issue won’t be solved, but the team needs to agree that it is not hugely impactful, and they are happy to ‘put up with it’. Other issues may require more research before determining an action, so the ‘research’ will become the To-Do for the next meeting.

Contributing to IDS


During the course of the week let your team know that you expect them to add IDS items for questions, concerns, roadblocks, or brainstorming topics.

Scores and Feedback


At the end of each meeting, rank the meeting from 1-10 honestly. This will help you to be more aligned as partners and to address any areas for improvement. The ranking is about the meeting itself, not its contents and should never be taken personally.

Any scores less than 7 require a brief explanation; often the < 7 scores helps bring up important topics for discussion later.

Other Key Factors for a Successful Meeting

Calling “Tangent Alert”


During the course of the meeting, you may get off track. In fact, you WILL get off track. It’s natural. When that happens, the first person to notice gets to call “Tangent Alert”. Often, the tangent has revealed another issue that needs discussion later and should be added as its own issue to chat about.

notion-logo  Get Our Free Weekly Sync L10 Meeting Template from Notion Here 

Want to Take Team Alignment Further?

At Inturact we work through something we call the SaaS Growth Framework to help give businesses the greatest chance of success by not skipping vital steps. 

We then make sure all the exercises within the framework are documented in a custom Notion workspace for each of our clients.

Inturact-Notion-Client-Workspace

If you’re interested in data-driven growth for your SaaS business and would like to hear, more let’s chat.

Start by answering one question:

Source: https://www.inturact.com/blog/how-to-run-remote-team-meetings

Blockchain

Tim Draper Handpicks Netflix as the Next Company to Purchase Bitcoin

Republished by Plato

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Popular venture capitalist and Bitcoin bull Timothy “Tim” Draper predicted that major online streaming platform Netflix could be the next company to join the bitcoin buying bandwagon.

Next Bitcoin Investor Could Be Netflix

Speaking in a recent episode of the Unstoppable Podcast, Tim Draper stated that Netflix could be the next in line to add bitcoin to its balance sheet. According to him, the company’s co-founder and co-CEO, Reed Hastings, makes Netflix a likely bitcoin investor. Draper buttressed his point, saying:

“I think Reed Hastings is a very innovative guy and has a lot of creative thinking and I think he still controls the reins at Netflix. And so I think that might be the next big one to fall.”

Meanwhile, the venture capitalist mentioned social media giant Facebook, as well as other major companies like Apple, and Google, as likely candidates to invest in bitcoin. However, Draper noted that the companies were instead trying to create a centralized currency of their own.

Draper also stated that if he was the chief financial officer (CFO) of any major organization, he would advise the company to allocate a portion of their portfolio to bitcoin. According to the BTC proponent, bitcoin served as a hedge against inflation.

Since Tesla’s billion-dollar bitcoin investment, there have been speculations about which company would emulate Tesla’s move. Increased institutional interest in bitcoin is largely responsible for BTC’s bullish momentum. Meanwhile, Firms like Microstrategy and Square recently added to their bitcoin holdings.

Amazon Likely to Accept Bitcoin as a Payment Method?

Apart from pitching Netflix as the next possible bitcoin investor, the venture capitalist stated that the retail giant Amazon could start accepting bitcoin. Adding that, people could use the flagship cryptocurrency to purchase products on Amazon.

Back in February, there were reports that Amazon was looking to introduce a new project that would enable customers to convert cash into digital currency. While the project would launch in Mexico, the company did not state what digital assets it would support, although there were speculations that the company may not use popular crypto-assets like BTC or ether.

While also speaking on bitcoin’s price target, Draper said:

“The current currency holdings around the world in dollars is about $100 trillion and bitcoin’s market cap is just reaching a trillion now. So there’s no reason it can’t go up a 100 fold. It’s not like it is going to completely replace the dollar. Although I think people are going to laugh when they are trying to buy things with dollars in the future.”

The venture capitalist made a prediction earlier in 2020 that the price of bitcoin would reach $250,000 by the end of 2022 or early in 2023.

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Source: https://cryptopotato.com/tim-draper-handpicks-netflix-as-the-next-company-to-purchase-bitcoin/

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Blockchain

Ripple is committed to San Francisco, says co-founder Chris Larsen

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In October last year, Ripple co-founder Chris Larsen said that the firm may consider relocating to other countries citing the lack of regulatory clarity in the United States. Since then, many have speculated where the firm’s new headquarters will be located. However, amid a lawsuit with SEC regarding an alleged illegal securities offering, and XRP’s dwindling price, Larsen made a new announcement recently that stated that the firm was here to stay. 

Speaking to The San Francisco Chronicle, co-founder said that Ripple’s global headquarter will remain in San Francisco. He added: 

We’re committed to the city. It’s got the most diversity, creativity…it’s got the critical mass.

Earlier, CEO of Ripple, Brad Garlinghouse, hinted at a possibility that Ripple could move out of the US, given its “lack” of a regulatory framework. He stressed that the country was “out of sync” and needed to implement a clear regulatory framework regarding crypto.

At the time, the CEO said that he was considering whether Ripple would benefit from relocating to a country where regulations were more clear. He admitted to being impressed by how the UK and other G20 nations including Singapore, Japan, and the UAE had “clear regulatory frameworks” that allowed for “healthy markets to develop.”

Meanwhile, another leading crypto firm in the neighborhood has decided to do away with its headquarters altogether. Coinbase CEO Brian Armstrong said that amid the firm’s work from home policies they choose not to have a base in San Francisco, but will continue to keep their offices open. Stating that the company is “decentralized” the CEO added:

As we’ve moved to a remote first environment, we realized that we no longer have a headquarters located in any one city.


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Source: https://ambcrypto.com/ripple-is-committed-to-san-francisco-says-co-founder-chris-larsen

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3 key Ethereum price metrics show pro traders are aiming for $2K ETH

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On Feb. 20, Ether (ETH) price rallied to a new high at $2,015 and this caused multiple indicators to display signs of excessive optimism. While the excitement could be easily justified by Ether’s  year-to-date 176% gain, these warning signs should not be ignored.

On of the primary driving factors of the current bullish sentiment is the launch of CME ETH futures and Grayscale Investments ETH Trust reaching $6.3 billion assets under management. The DeFi phenomenon also continues as there is currently more than $21 billion worth of Ether locked in DeFi.

Crypto Fear & Greed Index. Source: alternative.me

Currently, the Crypto Fear & Greed Index is at 93, indicating “Extreme Greed” according to its methodology. Many traders use the metric as a counter trading signal, meaning, the extreme fear level can be a sign that investors are bullish and a buying opportunity is present. In contrast, when investors are getting too greedy, it could be a sign that the market is due for a correction.

Unlike the excessively leveraged retail traders, the more experienced market makers and whales hs been skeptical of the never-ending rally in Ether. Regardless of the rationale for the price peak, the 36% price correction that followed was accelerated by large liquidations.

Ether futures contracts aggregate liquidations. Source: Bybt.com

The liquidation of $2 billion in long futures contracts from Feb. 19 to Feb. 23 represented 28% of the total open interest. Thus, one should expect significant deterioration in market sentiment, as depicted on the previous Fear & Greed indicator.

Surprisingly, none of that happened on the Ether derivatives markets, as both futures contracts premium (contango) and the options skew remained bullish.

The futures premium held very healthy levels

By measuring the expense gap between futures and the regular spot market, a trader can gauge the level of bullishness in the market.

The 3-month futures should usually trade with a 10% or higher premium versus regular spot exchanges. Whenever this indicator fades or turns negative, this is an alarming red flag. This situation is known as backwardation and indicates that the market is turning bearish.

OKEx 3-month ETH futures basis. Source: Skew.com

The above chart shows that the indicator peaked at 39% on Feb. 20 as Ether touched its all-time high. Nevertheless, it has kept above 16% during the entire correction down to $1,300. This data shows that professional traders remained confident in Ether’s price potential.

The options skew remained neutral-to-bullish

When analyzing options, the 25% delta skew is the single-most relevant gauge. This indicator compares similar call (buy) and put (sell) options side-by-side.

It will turn negative when the put options premium is higher than similar-risk call options. A negative skew translates to a higher cost of downside protection and indicating bullishness.

The opposite holds when market makers are bearish, causing the 25% delta skew indicator to gain positive ground.

ETH options 25% delta skew. Source: laevitas.ch

Over the past month, there hasn’t been a single incident of a sustainable positive delta skew. Therefore, there is no evidence that option traders demanded more significant premiums for downside protection.

This data is very encouraging, considering that Ethereum faced a heavy sell-off but the futures and options metrics discussed above held bullish levels during the downturn.

As Ether managed to recover quickly from its recent $1,300 dip, investors gained further confidence that the uptrend had not been broken.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Source: https://cointelegraph.com/news/3-key-ethereum-price-metrics-show-pro-traders-are-aiming-for-2k-eth

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