How do entrepreneurs win at poker?
Entrepreneurs often step into the unknown when they start a new business or invest their funds in another person’s idea to help them realize their dreams.
Poker players know the frustration of never knowing what a game will turn out. The game of poker, whether five-card poker or Texas Hold’em, is all about understanding how much you can win. This is how poker players adapt their strategy to win against each other.
If poker is something you enjoy, or you’re a player of it, then you might have seen that successful entrepreneurs and businesspeople also love this sport. They are all extremely skilled at poker. Which begs this question: are they similar?
Keep Calm When Under Pressure
They are calm and the best poker players. They don’t let others see their emotions, no matter how many aces they hold. The same applies to managing a business. It’s important that you keep all cards close by your chest.
No matter if you are looking for investors or partners to help you succeed, they cannot see everything. You must have faith in your company’s ability to succeed, so they can believe that you are on the right path. To keep them going, it is important to know how to remain calm under pressure.
The most difficult situations you will face include dealing with customers who are disruptive, resolving issues after delays in supplies delivery, and dealing with customers that don’t want to cooperate. The same goes for poker players. An entrepreneur can easily become a top-notch player.
You don’t feel confident enough to deliver what you promise, so you believe you can do the job. You are at risk in business and poker, as you will be called out for your incompetence.
You can be a good poker player, or an entrepreneur, if you know the right times to play with exaggeration and bluff. But, you need to recognize when you have to fold, so you’re able distinguish between great players and failed businessmen.
Entrepreneurship, or both, is about seizing the opportunities that present themselves.
You can reach your goals by weighing all the options and looking at the cards in your hands.
You can become one millionaire through both poker and entrepreneurship. A person can take just a few chips, or an idea in their head and turn it into a winning strategy.
Entrepreneurship Live! : Why Entrepreneurs Love Poker, and How They Are Successful originally appeared on Entrepreneurship Living!