Eleven people report to you. Three of them get managed.

Most owners can hold the meetings. The harder question is which of their people last had a conversation about their work that they didn't start themselves.

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Count the names that report directly to you. If the number is nine or more, the interesting question isn’t whether the diary can absorb them, most owners find a way, it’s which of those people last had a substantive conversation about their work that they didn’t initiate. In flat teams that have grown organically, the answer is usually three or four: the newest hire, the most senior person, and whoever is currently in difficulty. Everyone else is managed by exception, which is to say not managed at all. The arithmetic…

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