I doubt there’s very many of us who love to make money online or make money blogging, that hasn’t played Monopoly. The accumulation of property, a fat stack of colorful bills, and assets on our properties is enough to drive any little kid (or let’s face it, adult) into entrepreneurship.

Not only that, Monopoly can help teach the simple skill of negotiation. Figuring out what you want to give up, in order to get something of more valuable to you. And how to orchestrate a deal so others will see things your way. That can carry you a long way in life.

The Wall Street Journal published an article in the weekend edition titled Go Directly to Success: Monopoly’s Lessons. The article drew 5 lessons out of the popular board game:

  1. Diversification
  2. Cash Management
  3. Return on Investment
  4. Complacency
  5. Negotiations

The first 3 of the 5 are things I think about quite a bit actually. I feel they’re key to a successful business. Large or small. Online or offline.

Check out the article here: Go Directly to Success: Monopoly’s Lessons. It’s worth the read!

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