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Six Business Lessons From 10 Years Of Fantasy Football
The document outlines 6 business lessons that can be learned from playing fantasy football for over 8 years. The lessons are: 1) Know when to hold onto players/investments and know when to cut losses; 2) Never bench star players and reward/invest in top talent; 3) Remove personal bias when making decisions; 4) Identify potential issues before they arise to avoid surprises; 5) Treat every week as a new opportunity and don't get complacent; 6) Be willing to take risks and try new strategies instead of playing it safe. The document provides examples of how each lesson can be applied in both fantasy football and business contexts.
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Six Business Lessons From 10 Years Of Fantasy Football
- 1. 6 BUSINESS LESSONS FROM MORE THAN 8 YEARS OF F A N T A S Y F O O T B A L L ROSS SIMMONDS | WWW.ROSSSIMMONDS.COM
- 2. Have you everthought about how our hobbies can serve as teaching tools for the skills we apply to our every day and professional lives?
- 3. Consider a ballerina,for example, who learns discipline and hard work through hours of practice and rehearsal before a live performance.
- 4. Or a gamer,who is taught how to gather information and solve problems while trying to reach the next level in a video game. +
- 5. For years now,I’ve had a big passion for football. In fact, that’s exactly where my obsession with social media and technology all started.
- 6. I first gotinvolved with Fantasy Football during University when I ran a profitable blog that ultimately led me on a path to entrepreneurship and technology. $ $ I’ve been a Fantasy Football junkie ever since.
- 7. It’s estimated that... 19 million people compete in Fantasy Football every year.
- 8. Studies show that$1.1 Billion is lost in productivity every week of the 17 week NFL Season because of Fantasy Football.
- 9. I believe thatwhile productivity might take a hit, there are some quality business lessons that can be taken from Fantasy Football.
- 10. BUSINESS LESSONS IN FANTASY FOOTBALL Know When to Hold’em, Know When to Fold’em Never Bench Your Studs Remove All Personal Bias Identify Potential Issues Before They Arise Every Week is a New Week Be Willing To Take Risks
- 11. KNOW WHEN TOHOLD’EM, KNOW WHEN TO FOLD’EM In fantasy football, you take part in a draft before the season to build your team. If, as the season progresses, one of your players isn’t living up to expectations or gets injured, you must decide to wait and let them shake the rust, or trade/drop them before the damage is done.
- 12. KNOW WHEN TOHOLD’EM, KNOW WHEN TO FOLD’EM While in Fantasy it’s often easier to just keep the player, in business the stakes are a lot higher and, thus, waiting on something, or even someone, that might not pan out could result in the loss of dollars and/or your business.
- 13. KNOW WHEN TOHOLD’EM, KNOW WHEN TO FOLD’EM The idea of “hire slow, fire fast” has become a mainstream mantra for many entrepreneurs, consultants and professionals. It’s a great philosophy to live by and one that you should embrace but have the processes in place to know when you can invest in someone or something and when you need to walk away.
- 14. NEVER BENCH YOURSTUDS When you’re looking for a win in Fantasy Football, it’s much better to play a future hall of famer who hasn’t played well the last two weeks than it is to play a no name on a hot streak. Likewise in business, you must do whatever it takes to keep your top talent passionate, engaged and motivated to achieve success.
- 15. NEVER BENCH YOURSTUDS A star will perform best when he/she is: 1. challenged 2. given freedom, and 3. surrounded by intelligent people You never bench them. The studs on your team need to be celebrated, invested in and rewarded.
- 16. REMOVE ALL PERSONALBIAS In Fantasy Football, you come up against an internal battle, especially on weeks when your starting quarterback is up against your favourite NFL team. Business is a place where relationships must be put on the backburner in the name of good business and success.
- 17. REMOVE ALL PERSONALBIAS Internal conflicts will arise in the workplace and, to get through it, personal feelings must be removed and candidness must be embraced.
- 18. IDENTIFY POTENTIAL ISSUES BEFORE THEY ARISE In Fantasy Football, when difficult situations arise, like all of your players having overlapping weeks off, or horrible playing conditions during playoffs, you need to be able to make trades and moves that put you in a good position for the rest of your season.
- 19. IDENTIFY POTENTIAL ISSUES BEFORE THEY ARISE Far too many businesses focus on right now rather than next week. They don’t plan ahead and are resultantly caught by surprise when they don’t get the results they hoped for.
- 20. IDENTIFY POTENTIAL ISSUES BEFORE THEY ARISE It’s important to always be thinking 10 steps ahead to ensure you have your bases covered. Don’t get caught red-faced with a problem that could have easily been avoided.
- 21. Week 10 EVERYWEEK IS A NEW WEEK While it’s important to plan ahead, you most certainly need to focus on each week and never take your opponent for granted. As soon as you feel relaxed with your Fantasy Football team, you need to start to panic.
- 22. Week 10 EVERYWEEK IS A NEW WEEK Likewise in business, the moment you become content with your own skills is the moment you will start to settle. Every week is a new week with the same chance at winning and making your team better. And every day is a new opportunity to be better than the person you were yesterday. Take advantage of it!
- 23. The last yetmost important lesson from Fantasy Football is the importance of taking risks. Sometimes you need to ignore the status quo and do something that is against the norm.
- 24. RULESRULES You needbe willing to break rules and be comfortable with the fact that some people are going to call you nuts.
- 25. You might fail. You might succeed. You’ll only know if you try. SUCCESS FAILURE
- 26. Instead of sittingon the sidelines, take a leap and build your wings on the way down.
- 27. And who knows…Maybeit will lead to a championship.
- 28.