![monopoly build a lot monopoly build a lot](https://ychef.files.bbci.co.uk/976x549/p083xs66.jpg)
Startups should focus on the same approach: look for first mover advantages, keep a lead and look for ways to cripple competitors with competitive barriers to entry.ĭevelop properties (but not faster than you can afford). Without contradicting the “faster is better” section above, you don't want to build up your properties and go bankrupt because you can't afford fees, rents and other hurdles in the game. Lastly, I try to build up long stretches of sequential investment (e.g., all the neighboring red and all the yellow properties) that would make it near impossible for a competitor to not land on my properties and pay me rent.
![monopoly build a lot monopoly build a lot](https://en.freedownloadmanager.org/screenshots/329727.jpg)
all the red properties) to start developing the properties before my competitors start developing their properties. I also try to bias properties in the same color family (e.g. I land grab to attain first mover advantages, buying up everything I can afford. Location, Location, Location (build barriers to entry). When I play Monopoly I have a few strategies. Putting a ton of cash into your hands to reinvest into the game, while draining your competitors’ cash coffers at the same time makes it difficult for anyone to survive that onslaught.ĭon’t under invest in your startups and always put on your long-term lenses. If you think about your long-term investment on that property, you will earn a competitor-crippling $2,000 in rent every time another player lands on that spot (after you have built a hotel at that location). Related: Triple Word Score! What Scrabble Can Teach You About Business.īoardwalk empire (go big or go home). While many Monopoly players may shy away from investing $400 in the Boardwalk property - the most expensive property in the game - they are being short sighted. The faster you are moving, the bigger distance you are building on your competitors, gaining customers and market share before they do. That is no different in entrepreneurship. So high rolls and speed are clearly in your advantage. The more times you pass GO in Monopoly, the faster you can collect $200 to reinvest into your game.