In a boring meeting? Taking a long car ride (when you’re not driving)? Watching Reality TV with the family? Basically — do you need something else to do?

Well, RapidDraft.com hopes you download their new, free iPhone Mock Draft app and then get lost in the fantasy of RapidDraft free fantasy football.

The smart-phone population is growing rapidly, to the point that half of all American cell-phone users are expected to own one by the end of 2011.

The free RD app, developed for World Fantasy Games by Advanced Sports Media, allows you to practice up on your drafting whenever and wherever you want — even if you can’t find the time to sit in front of your computer and mock out a bunch of drafts. Practicing, of course, can only help prepare you for the real thing — whether you’re trying out the full product at RapidDraft.com or meeting up for draft weekend with your friends.

Like the game itself, the app lets you pick your draft spot and select against 11 avatars, so that you can try your hand from various spots using various strategies. A bonus is that if you get interrupted and can’t finish the mock draft all at once, the interface will simply pause and wait for you to resume.

Users may draft up to five times per draft position online, but unlimited times on the iPhone (affording plenty of practice before you take your free shots at the real thing and a $100,000 grand prize). The app also contains settings that make it easier to draft when you don’t have spreadsheets and preview magazines in front of you. Player recommendations make it easier to sift through the list, and you can toggle settings on items such as bye-week conflicts and preferred drafting style.

You may want to check it out as you get ready for the 2010 fantasy football season.

A roundup of recent posts on the FSB News page.

– Fantasy Joe is among the online communities recently launched by USA Today. Moderators Matt Pitzer and Pete O’Brien moderate, post content and promise to address reader questions.

– Advanced Sports Media has launched two ways to get its Draft Analyzer on your iPhone. The free Cheat Sheet app provides player rankings and offers pick recommendations. The $4.99 Draft Analyzer Pro — Mock Draft lets you simulate a whole draft from your handheld with malleable league sizes, draft positions and competition levels.

– Those who like to play in NFL survivor pools might find this fantasy game from FantasySportsMadness.com interesting: No player can be used more than once during the season. It should be easy to find a receiver of value each week, but selecting quarterbacks will take some forethought.

Send all of your news, job postings, stories and profile ideas to FantasySportsBusiness@gmail.com. Follow us on Twitter (FSBcom).

Much of the crowd at each Fantasy Sports Trade Association conference is made up of industry veterans — people who have been attending for years and have made or are making their way in the business.

When Advanced Sports Media founder Ted Kasten asked how many out in the audience were in the first two years of starting up a company, roughly half of the 60 or so people in the room raised their hands. That’s what makes a panel such as Thursday afternoon’s “Fantasy Sports Business 101″ worthwhile.

Kasten was particularly candid about his experiences through the first five years plus of ASM, from discussing the benefits (cost) and downside (just about everything else) of hiring an Indian development team in the early stages. Although he preached thrift to anyone building a new business, he cautioned against looking solely at hourly rates — saying that more cost per hour doesn’t necessarily mean greater cost overall.

Lawyer Rishi Nangia of Winson & Strawn opened things — following an intro by Geoff Stein of Mock Draft Central — by running through the various ways of setting up your company and some good and bad features of each. Many single-person startups might favor a sole proprietorship and its dearth of necessary legal paperwork, but it’s an area that new companies need to consider carefully.

Some key reasons to do so came from panelist and accountant Kipp Imel of Professional Practice Consultants. Imel pointed out that incorporating in some way can bring with it legal protection, audit protection — he said sole proprietorships are seven times more likely to be audited by the IRS — and sheer legitimization.

No matter what route a company chooses, though, Imel cautioned to keep focus on debt management, which he called “the No. 1 killer of any business.”

Tai Ward of Fantasy Coverage spoke to the tech side and warned — as Imel did about hiring an accountant — that one needs to gather as much info as possible on potential design or development companies. Seek out recommendations, ask for samples and make sure that anyone you might choose to work with understands and fits within what you’re trying to do.

The fantasy sports industry is awash in startups and small businesses. Besides presenting a good product, those that make it will be those who are smart about the choices they make when getting going.

A roundup of recent posts on the FSB News page.

– Fantazzle this week launched baseball, golf and racing games to go with the football and basketball contests it ran for the first time in 2008.

– Sporting News and Zumobi have combined to create an application for iPhone and iPod Touch users that provides detailed SN content, including stats and player news.

– OK, that headline might be a little overly dramatic. The fact is that Fantasy CPR will join the lineup on BlogTalkRadio’s Fantasy Sports Channel beginning this Saturday.

– Unless you’re among the Major League Soccer faithful, you probably don’t know Taylor Twellman. He believes he can hang with you in fantasy baseball, though.

– FantasySmackTalk.com launched what it calls a “customer-driven fantasy sports advice website” earlier this week. The site appears to be heavy on videos, and the founders say they will focus on facilitating direct communication between its “experts” and users.

– For the first time in its existence, Advanced Sports Media’s Draft Analyzer is available as a Web application (no download). The product has been included in subscriptions to ESPN Insider and Fanball’s premium Owner’s Edge package.