Having the words “business” and “poker” on the same line may sound strange, but taking a closer look, you’ll deduce there are lots of similarities between the two. Although poker is a gambling game, you can learn many business lessons from playing the card game.
It’s pertinent to note that poker has been in existence for a very long time. It has been one of the most popular casino games for a long time, and with technology now a significant part of the gambling industry, anyone can play online poker from the comfort of their homes. To get started, you can sign up with any of the poker rooms listed on Top 10 Poker Sites .
During the pre-technology era, many successful businessmen claimed to have learned the art of business through poker — since the game is known for strict rules and strategies, unlike some games that hinge mainly on luck. This is true, and this article will examine major business lessons anyone can learn through poker.
Significant Business Lessons To Learn From Poker
For business-oriented bettors or gambling enthusiasts who are hoping to become successful entrepreneurs one day, here are six business lessons you can learn from playing poker:
1. How to Calculate Risk and Measure Potential Profit or Loss
The sole aim of every business is to maximize profit; this is not to say that every business is not without risk . The bigger the company, the higher the risk percentage, and this is one of the business lessons you can learn from playing poker.
Poker requires assessment skills, the ability to study the table (market), and knowing when to go all-in, depending on what you’ll gain or lose. Everything you’ve built can vanish in a split second with any wrong decision. Intelligent players like savvy entrepreneurs only take this risk when there’s a very high percentage of success.
2. Endurance and How to Deal with Pressure Running a Business isn’t a Ponzi scheme where the founder hits a gold mine as soon as it begins. You’ve to be persistent in your activity, endure all the negativities thrown at […]
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