It’s football season! As we enjoy cheering on our favorite teams each week, it’s incredible to see the amount of time, effort, and strategy that people put into selecting the perfect fantasy football roster. From analyzing stats to crunching numbers and even second-guessing every decision, fantasy football is a full-time job for some.
Now, let’s flip the script for a moment and talk about something just as important, if not more so – your business. How much time do you invest in planning, strategizing, and calculating the moves that will take your small business to the next level?
Velocity of Money in Fantasy Football
In economics, the concept of the “velocity of money” refers to how fast money changes hands in an economy, stimulating growth and prosperity. The quicker money circulates, the better it is for the economy. Similarly, in fantasy football, the more quickly you adapt and change your roster according to the situation, the more points you generate.
Velocity of Money in Business
Now let’s apply that concept to your business. The time you spend planning and strategizing for your business increases the “velocity” of growth. This means, the quicker you act on opportunities, make changes, or even pivot if something isn’t working, the more your business benefits. And just like in fantasy football, you have to be agile, alert, and responsive to the changing market conditions.
Time Investment Multiplier
Consider this: what if the 4 hours a week you spend analyzing player stats, trade possibilities, and match-ups in fantasy football were directed towards enhancing your business strategy? That’s about 208 hours a year! Imagine the projects you could launch, the marketing strategies you could develop, or even the additional clients you could reach.
Time is the one resource that, once spent, you can’t get back. The question then becomes: How are you dividing your time to generate the best returns? You don’t necessarily have to give up on your passion for fantasy football, but a little balance could tip the scales in favor of your business success.
This fantasy football season, let’s also kick start a season of planning, growth, and success for our businesses.
Important Disclosures:
Securities offered through LPL Financial. Member FINRA/SIPC. Investment advisory services offered through NewEdge Advisors, LLC, a registered investment adviser. NewEdge Advisors, LLC and Tribox Private Wealth are separate entities from LPL Financial.
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