Being a gambler could actually help you succeed in running a business…

[Sanitough]

I was just thinking about this because gambling is all about taking risks, where nothing is guaranteed and we don’t even know if we’ll win. so in a way, gamblers are natural risk-takers, and when someone starts a business, they also need that mindset which is taking calculated risks, making bold decisions, and having the guts to push through uncertainty.

So I’m curious, do we have any successful business owners here who could say that their experience as a gambler somehow helped them succeed in business?

[AmoreJaz]

I was just thinking about this because gambling is all about taking risks, where nothing is guaranteed and we don’t even know if we’ll win. so in a way, gamblers are natural risk-takers, and when someone starts a business, they also need that mindset which is taking calculated risks, making bold decisions, and having the guts to push through uncertainty.

So I’m curious, do we have any successful business owners here who could say that their experience as a gambler somehow helped them succeed in business?

The difference is - the calculated risks. In gambling, if you are into luck-based games, you can't calculate your risk, or just treat that you are on the losing side to be safe. Because luck is a big factor to consider when you gamble. Whereas, in business, you have at least direction that you want to go and you already know where you are heading at. There may be similarity on taking the risk, however, for me, gambling is more risky than going to a business you are very familiar with. The chance is much better if you have the passion to that particular business or you are very familiar with the different angles you are venturing with.

[Nwada001]

I'm a small-scale businessman purely into agriculture and other little stuff. Before I ventured into the agricultural part, I knew it was risky for me to even think about it considering the money involved and the season I chose to start. My chances of losing money that period were very high compared to making profit, but I was determined to start in order to get background, and I already have that now, for which I can boast of the humble starting. But the risk was not inspired by gambling at all; it's just something you need to do if you are thoroughly going to start up something.

[peter0425]

So I’m curious, do we have any successful business owners here who could say that their experience as a gambler somehow helped them succeed in business?

A gambler who was able to succeed in business has got to be a responsible one. All gamblers take risks, yes, but not all of them take calculated ones. Some of them just take risks foolishly without thinking about the repercussions of their own decisions.

Some gamblers who are addicted in gambling may also cause harm to the business as I have seen cases where the gambler takes the money from the business to use it for gambling.

So for a gambler to be a successful businessman, he has to practice responsible gambling and business practices.

[Charles-Tim]

I am not a risk taker while gambling because I use small amount of money that I can afford to lose to gamble, this is different from business because I can invest an enormous amount on a business if I see it as a means to make high amount of money in income. My experience in gambling does not have anything to do with my business.

[tvplus006]

So I’m curious, do we have any successful business owners here who could say that their experience as a gambler somehow helped them succeed in business?

If you're a gambler at heart, then sooner or later your business will go down the drain. And the higher the risk, the faster it will happen. Risk in business, as in gambling, is acceptable only if you follow risk management.

[Churchillvv]

So I’m curious, do we have any successful business owners here who could say that their experience as a gambler somehow helped them succeed in business?

Luck based game cannot be compared to real life business, just like you said it's a calculated risk, in gambling it's not calculated, it's just luck you are either lucky or not.
The experience in gambling can only help you in taking actions and decision making and nothing else.

[Roseline492]

Experience in gambling cannot be effective in business because all the things we see in gambling doesn't relate to how a business should be managed because is not a gambling but investment, the kind of risk gamblers are taking is something that can be highly destructive in business because there ethics is risking high for a bigger bag and when is done on a business it eradicate every little chances the business had in making a stand, so actually a business should be done my removing any gambling ideas so that you will be contempt with the gradual success.

[Hispo]

...

So I’m curious, do we have any successful business owners here who could say that their experience as a gambler somehow helped them succeed in business?

I know from a fact there are successful business owners who have gambling as their hobby or pastime, but I don't know if gamblers who are dedicate to it as a passion could easily become successful business people.
I believe it is rather a matter about equilibrium, one in life is supposed to have enough guts and dare to take calculated risks in order to profit our of opportunities, since if one does not take any risk, one will get stuck to where one is and there would not be further process to what we want. On the other hand, taking unnecessary risks never ends up well for gamblers or business people.

Either way, one needs to be comfortable with the  chance of losing money to be a good at earning money through investments of any kind.

[Bitcoin Smith]

They are entirely two different things.

To succeed in business we need skills, knowledge, right kind of employees and better products.

To succeed in gambling, all you need is luck.

The only resemblance is the money management but I am not sure how many gamblers are giving priority to their bankroll management and when we call them risk-takers all they do is just clicking their buttons.

I am not speaking low of any gambler but I can't scale them into one metric.

[skarais]

No business is safe without the risk of loss, but I never thought this could be compared to how one takes risks in gambling. A business is built on an idea, a plan, or a suitable target market, while a gambler takes risks in the hope of winning. While gambling doesn't require extensive risk-taking, some games require analysis or skill, I believe business is very different.

[Shadiq]

Gambling risk is a kind of temptation and business risk is laborious. You have to look at the two things differently. When you are taking risks and spending money in gambling, there is only the possibility of losing your money. Even in gambling, you cannot gain anything from what you lose. In business risk, you have to work hard as well as money and you will survive in this risk not on luck, but on hard work and strategy. As a result of business risk, you will not lose your entire money and even if you face losses, you will be able to gain much more skills and the ability to get back up. This does not happen in gambling.

Another thing to note is that professional gamblers are afraid of working hard. So there is no relationship between gambling risk and business risk. For both types of people.

[stadus]

I’m not actually a business owner, but I’ve known a person who is certainly a gambler, and gained advantage over his gambling experiences and turn them into his strengths and skills that later on pave way for a successful business career. Yes, he is quite fearless, and being a high-risk taker brought him to where he is right now.

However, I don’t mean to say this is generally good for every gambler out there but having a business requires a serious approach. So if you’re gambling irresponsibly, success will be far-fetched whether you’re in a business or investment. But if you know how to navigate the risks in gambling, and use that advantage to create reliable decisions when you’re in a business, rest assured your business will success and prosper later on.

[Slow death]

So I’m curious, do we have any successful business owners here who could say that their experience as a gambler somehow helped them succeed in business?

I don't think good bankroll management in gambling offers any advantage over running a real-world business. This is because, in the case of gambling, the person simply bets an amount they can afford to lose and is well aware that they will lose that money sooner or later. No matter what happens, the odds are stacked against them, so they just need to accept the loss early and have fun playing.

Now, in the case of a business, the pressure starts early. The money invested to start the business can't be afforded to lose. The person needs to make a profit; it's not an amount they can afford to lose. That's why you need to do a lot of market research, manage your money well, and avoid taking risks. You shouldn't use the same mindset you would if you were playing at a casino.

[Yamifoud]

Probably, some individuals learn from their gambling experience. I believe that because they manage to take risks with gambling, they could also be effective at running a business. Well, I believe so, but it doesn't mean all those who tried become successful. This doesn't just talk about taking risks, but it is more about managing the business. Our experience could help, but still, there are a lot of things that we need to learn to succeed.

Congrats to those who have changed their life from being a gambler to an entrepreneur. It is better to be like this than to go from being an entrepreneur to a gambler.

[Shinpako09]

Imo, both are different. Although both involve taking risks, they’re still not the same. In business, you’re cautious with every move, you weigh the pros and cons before making a decision, you're more hands on, and everything is calculated. In gambling? Nah. If you can’t control your emotions, you’ll end up drowning for real. Getting out of addiction isn’t a simple matter either. While both are risky, business feels like an investment where you pour your passion and heart into it. Gambling on the other hand is more of a habit.

[sheenshane]

IMO, the risk in gambling is entirely different from the risk in business.
Gambling relies solely on luck, while business requires a solid plan.  You can't claim success in business simply because you are a risk-taker, such as opening a fast food chain in the middle of a forest without a marketing strategy.
Business risks can be managed, unlike gambling, which typically involves fixed odds.

However, despite the risks associated with gambling that we have encountered, we have the courage in business to confront potential risks.  
That's the advantage of a gambler becoming a businessman.

[CryptSafe]

OP, I don't think business and gambling goes hand in hand. Gambling doesn't give one the business spirit but the truth is that if as a gambler  you don't put your gambling urge under control, your business could be heading for a doom because it is believed that gamblers who are addicted could wreck their business as a result of their addiction. There have been lots of cases of businesses shoting down as a result of the owners addiction and carelessness. It is not possible to be an addicted gambler and also run a successful business at the same time.

[Distinctin]

Well, entering a business is like gambling on your hard-earned money. You risk something that you can’t afford to lose without future guarantees if your business will succeed or not.

Now the question is if being a gambler makes you a good business owner? For me, if you’re a risk-taker and you’re actually good on your chosen field of business, the rate of success is undeniably high. However, if you gamble without caution, and you apply it in your business, it won’t be surprising then why you lost your business in the long run.

[danherbias07]

I am not a successful business owner, but I could say that I have been taking higher risks ever since I started gambling. Not jumping the gun, but most of the time taking that big step to improve my financial needs in the future.

But still, it should not mean to always be a good thing being a gambler and a risk taker. We should still do our homework whenever we like to take a risk on something else, and that means taking it deep so that we won't waste our money. I think what I have learned most in gambling is being protective of the money. When I win, I kind of want to stop and call it a day, not forcing another win.