Stay out of jail, you maniacs.
Ah, Monopoly — the game that sparked my desire to dominate the world and contributed to the downfall of my family dynasty. I don’t care if you’re blood; this is hardball and I keep what I buy. No trades, Ma! Did anyone not permanently damage familial ties on game night playing this mogul board game? Hearts have been broken and unlikely allies made when people come together for a lively game of Monopoly. I mean, who doesn’t love being the sorest winner of all time when you’re the one sitting pretty with a hotel on Boardwalk?
Maybe that’s not your style, I don’t know. Maybe you are the worst at playing Monopoly, but does that mean you suck at business? I don’t know… maybe. Probably. It’s okay, though, because I’ve got you covered. Even if you always end up the bankrupt outcast of the game, forced to watch your least favorite sibling amass all the Monopoly money, here are five tips to help you amp your game
“Working people have a lot of bad habits, but the worst of these is work.”Charles Darrow, inventor of the Monopoly board game
5 Monopoly Strategies to Win Big Business
1. Pace yourself.
It’s hard to control what number the dice lands on, and oftentimes the game seems like it’s zooming past. Don’t fall into panic when your opponent earns another $200 for passing Go and you’ve spent a lot of cash on properties halfway through the board. Pace yourself and you’ll succeed. Don’t easily startle; if it seems like the “other guys” are getting all of the customers, all the cash, all the cards, take that as a sign you need to refocus on the work you’re doing. Keep your eyes on the prize and invest in your vision, and before you know it you’ll be passing “Go” and collecting way more than $200.
2. Change up your strategy.
Every trip around the board is a brand new opportunity; what worked the first time around the block may not work the next. Don’t get stuck in your strategy as the game changes; chances are your opponents are adapting to their circumstances and you should, too. Build from one strategy to the next; if you originally decided to get as many different properties as possible, start focusing on your long game now and start trading to nail down a block. You don’t have to reinvent the wheel, you just have to improve upon the model.
“If you lose the power to laugh, you lose the power to think.”Charles Darrow, inventor of the Monopoly board game
3. Don’t cash out too soon.
Just because you think all hope is lost and there is no way you can win doesn’t mean you should cash in your chips. There may be moments when it looks like you’ve used up all your resources and the best decision would be to throw in the towel, but don’t. Any entrepreneur will tell you that breakthroughs are always just around the corner and that their greatest successes often fell into place just after they pushed through a really low low. Trust that there are always options and that where there’s a will, there’s a way.
4. Hold down the fort.
You can’t win the game with purchases spread all over the board. That’s a recipe for a 15-hour-long game where no one actually gets ahead. Winning Monopoly is all about building an empire. You have to lock down a row of property first, then put houses and hotels on them so you can really start emptying wallets. Focus on the foundation of your business — skills, product, your team — and make sure you’re maximizing that potential. It’s easy to lose control if there are too many cogs in the machine, so hold down the fort with a smaller, stronger, more enriched team for success.
“Lost causes are the only ones worth fighting for.”Charles Darrow, inventor of the Monopoly board game
5. Focus on money-making activities.
In Monopoly, you can only truly make money from your properties if you’ve got a full set; then, all you can do is invest. Just like a “property set,” settle into a new business plan that allows you invest exclusively in money-making activities. Dissect your product and find out exactly what it is about it that generates the most customer attention, then amplify that aspect in the next round of product development.
- Pace yourself. Ignore the temptation to “race” the competition. Set your pace and create a stronger product in the process.
- Change up your strategy. Learn to adapt if you want to survive long-term.
- Don’t cash out too soon. When it feels like you’ve exhausted all resources, don’t throw in the towel. Pivot to another market, adjust your product based on feedback you’ve received, get creative — there’s always another option.
- Hold down the fort. Your business shouldn’t have too many cogs in the machine, otherwise it will get out of control. Hold down the fort with a smaller, stronger team and you’ll succeed.
- Focus on money-making activities. Dissect your product so that you find out just what it is about it that causes so much customer attention – then amplify that aspect in the next round of development.
Follow these Monopoly tips for your business to “own it all.”
A Monopoly master should never reveal his secrets, but I want you to win — in the game, in your business, and in life. Imagine your business like it a Monopoly board — clearly, the goal is not to get to “the end” first, it’s to pace your play and build an empire across multiple trips around the block. Stick to your game plan, keep your strategies simple, and focus on money-making activities; you will see these methods pay off in growth and productivity. These tips aren’t just for game night; they can make a difference in your business game as well. So get to playing!