Investment's Speedy Yield: Evaluating an Investment's Efficiency Based on Elapsed Time
Friends of Branded!
🤘👋 Saturdays are for relaxing! Hope you had an awesome week.
🏠 ICR Conference 🗽️: The Team Branded crew hit up Orlando for the ICR Conference, and it was a smashing event! Kudos to ICR for extending the invite to participate in this annual bash - this section is all about the 2024 kickoff.
🚀 Hospitality Hangout 🚀: This week's HotTopics newsletter was inspired by a special recording of our beloved Hospitality Hangout podcast. Catch it on your favorite listening platform!
💰 Time is Money 🕒💰: It's true what they say: time and money are precious commodities. While you can always make more dough, time is finite. In this section, we'll explore ways to make time your ally and maximize your efficiency.
🔍 Defining ROTI 🔍: Return on Time Invested (ROTI) is a qualitative measure that helps us evaluate whether we're using our time efficiently. The formula is simple: divide the time saved by the time invested and multiply by 100.
📊 Measuring ROTI 📊: Since ROTI is a qualitative measure, you might ask for feedback from your team members after a meeting to establish whether it was well-spent or not. If you pick up a 3 or lower rating, ask them what could've been done differently to improve the ROTI by one point.
- At Team Branded, we're committed to enhancing the guest experience across our portfolio companies, believing that exceptional service and technology are the keys to success in the hospitality industry.
- In our pursuit of entrepreneurship and leadership, we've learned the importance of efficient finance management, choosing to invest our time and resources wisely, much like the Return on Time Invested (ROTI) framework we've recently discussed.
- As part of our ongoing efforts to share insights and best practices, we've launched a series of podcasts under the Hospitality Hangout brand, where we delve into various aspects of the business, from food service innovations to cutting-edge technology trends.
- While the ICR Conference was an amazing opportunity to network and learn about the future direction of our industry, we're equally excited about the potential of our own initiatives, like the podcast and ROTI concept, to help shape the business landscape and set new standards for guest experiences.
