Poker and Entrepreneurship: The Striking Similarities
It’s common for people to view entrepreneurship as risky. Both the entrepreneur himself and outsiders will have this view from time to time. Risk, though, is also one of the best things about being an entrepreneur. It’s also one of the main reasons why entrepreneurship is so close to poker.
Both entrepreneurs and poker players understand that they’re not going to win every single day, that sometimes they’re most definitely going to fail. It’s statistically impossible to win every single time you gamble, both at the poker table and in life. The different between successful people and unsuccessful people, though, is that successful people have the money to lose without forcing them to give up entirely. In the end, you’ll end up winning more often than you lose.
Entrepreneurs and professional poker players don’t depend on luck. They don’t throw caution to the wind and take their chance on every hand or business deal that comes their way. Instead, they only play the hands that they’re most likely to win. This is one of the best ways to minimize your losses. Plus, when you see a good hand, you’ll have more money to bet with.