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

[Darker45]

I don't know, but this made me smile. The typical advice I heard was 'avoid gambling if you're doing business'. Soon, you'll take money intended for your business for that vice. Gambling will eventually consume you and your business.

Gambling isn't calculated risk. Gambling is merely risking. The result is random, albeit lopsided in favor of the casino. That's probably not the kind of risk that's associated with business.

In fairness, there are also businessmen gamblers, but as far as I know, nobody in the top 10 richest people in my country are gamblers. Why gamble when you don't even have the luxury of time to take a look at every detail of your business operations?

[Wiwo]

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?

Risk grows, what i mean is that once a person start taking risk no matter how small, he will get used to taking risk without fear of any kind, this is why we have to agree that as a gambler who is already used to taking risks no matter how unpredictable the game could be, such a person will never have issues taking business risks aince he is already use to that.

I have noticed recently, that my boldness in taking risks have increased and as a matter of fact i am doing greatly well with that.

[Samlucky O]

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.

if you ask me, I will Surely say that gambling risk is different from business risk. We all knows that gambling risk is a kind of risk that can not be calculated, but business risk is a calculated risk, because it involves risk of using a huge amount of money, probably your life saving money. Which if you do business with it without taking proper care, instead seeing it as a Gambling money, you may never do well because your mindset is still tied to Gambling.

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?

Gambling expirence can only make you Bear the risk of lose and never felt as if you had a loss because you often lose in Gambling. But if that continues without making amends and seeing it as a normal thing then you may shutdown your business one day.

[laijsica]

You may not expect a direct answer from those businessman because most of them have not had a satisfactory experience. It may be analyzed differently if we consider some of the gamblers who have won the jackpot or some gamblers may be happy with their luck in winning.
In my experience, I do not know of any successful businessman or they have been successful in gambling for a long time. But there are successful business owners among them who are involved in alternative sources of income and consider gambling as entertainment.

[mikel_012]

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?

Every time I see an interview with CEOs and huge entrepreneur that are worth hundreds of millions and billions, they all say that taking risks is one of the most important things. And that this is what they would say to someone starting today. So I have to agree with you here.

But just blindly taking risks isn't enough to be successful. Many people failed to get there because they went all in on a broken company that was doomed from the start. The same can be said about gamblers that just go doubling their stake when they lose, until they go bust.

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.

He said that being a gambler could help you succeed, not an addicted gambler.

Gambling is all about knowing that you are risking your money but for a chance to get paid big. Most people that start today on a new venture needs to gamble and risk their money, and since it can be very risky, many of them don't even try.

[Moreno233]

I have done several businesses for which there are chances of me losing money but I did them anyway because I have been hardened by gambling. You can't be a gambler and still fear to take risk, something you do everyday. I have a simple mindset "if the reward is greater than the risk and the risk is something you can bear, do it". I have thought about most business owners today, they started from uncertainties, some failed many times but they were focused on and motivated by the reward, therefore risk is part of life.

[GreatArkansas]

(....)
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 remember there's a story about a big company founder I saw before:
The FedEx Founder Bet His Last $5,000 In A Vegas Gamble And Saved The Company – 'Sometimes It Pays To Be A Little Crazy Early In Your Career

This is the FedEx company founder, and we all know how big this company is. At first, when I saw this, I thought it was just a joke or a made-up story. I'm curious what will happen if he lost that $5,000.

[Yaunfitda]

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.

They are not the same mate, yes you take risk in your business but you have still total control of it. Which items to buy from your supplier because it is what your customers wanted and so you can adjust and mitigate risk. As compare to gambling wherein once you play, your mindset is that your chances are very slim to make money or even just double your initial capital.

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'm not a business owner, but I will say that business failed for many reasons, like poor marketing, or weak leadership or vision. Like in the case of Kodak, they were not able to adapt to the changing environment, or like Blackberry.

[maydna]

Experience in gambling can not be applied in business because that is two different things. You may succeed in business but you may not succeed in gambling.

A gambler may take the risk but many of them forget to limit the risk so which causes them to lose all of their money. But in business, the owner needs to calculate the risk and always monitor the progress. If they think that something bad may happen, they can modify their plan and prevent the risk from becoming big.

Your experience in gambling can not always be used in business. You should understand this so when you want to create a business, you should check all things and not just gamble with your destiny.

[KiaKia]

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?

Forget all those gammer about calculated risks, you can't compare running a legit business with gambling, they both have their risks but business will give you rest of mind because what could possibly go wrong here?..

1. You don't sell as you should? Limited customers? But you still have the business right? So some day you can find a solution or maybe changing of location can help too or apply extra effort for advertisements.

2. Possible natural disasters like fire? You are not alone atleast, there are people closer to where you business is located, something good might still happen, you can be called and somethings can still be saved.

Gambling is completely different, it has only one risk and that one risk is enough to ruin you, not even slowly but in a very short period of time and it's all over, this one risk will have bigger damages than if you are running a business, your mental and physical health are not safe either.

It's easier and faster to lose everything in gambling.

[retreat]

-snip-

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 that were the case, you'd find that many entrepreneurs are gamblers, but that's not true. While there are similarities between entrepreneurs and gamblers in terms of risk-taking, there's a fundamental difference in how they make decisions. Gamblers take risks based on luck or the desire to win. Businesspeople, on the other hand, take risks based on in-depth analysis of the business they want to run, not just luck. So, the two are different and cannot be equated. Therefore, a gambler isn't necessarily capable of taking risks in business, because they aren't built for it.

[Gaza13]

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?

People who have been successful in business are unlikely to fall back into gambling, the lessons of their past serve as valuable lessons. They know that gambling will not change their lives or lead to success instead, they will remain trapped by the system created by the bookies. While the results are similar to gambling, full of uncertainty and risk, it's important to understand that in business, you have complete control.

[Apocollapse]

Hmm.

Somewhat I agree, somewhat not.

I don't agree if you treat gambling is same to business, it's like you want to make money through gambling.

But, I agree if being a gambler might could make your business successful, it's because gambler won't mind to lose money and this kind people usually royal with other people. Business isn't one man show, hence it need helps from other people, gambling is one of them. Many rich people and businessmen are gamblers, that's why being a gambler could affect the success probability in business.

[alani123]

I honestly think it's quite the opposite. Gambling is an addiction. Would a heroin or pot addicted person be good at running a business? Quite the opposite. They'd think that every amount of cash they can get can contribute to the habit instead of expanding the business.

In terms of getting back from addiction and recovering, some recovered people are very resilient and can handle stress better. But this is the exception other than the rule. So I really don't think we should promote the idea that gambling while a business owner is a good thing.

Actually as a business owner or manager you have  large responsibilities and maybe you can't even overcome them if you're deep into a vice like gambling. Always do it with moderation or don't do it at all.

[GigaBit]

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?

I don't think there is any positive aspect of gambling that will directly help me become a better businessman. But if I think positively, the risks we take in gambling give us experience in taking risks in business. A gambler can accept losses and if they apply that experience in their business, they can do well. In gambling gamblers have to make quick decisions and sometimes this quality applies to business as well.

[OgNasty]

Being willing to take risks can definitely pay off in life. Whether that be risking embarrassment by asking out a girl that is way too hot for you, or risking your money on a crazy business venture. Sure, things can always go bad, but they can also go very well. In business this could mean a successful promotion or wild investment. The saying that comes to mind is, scared money don’t make none.

[Hewlet]

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 kind of risk that associated with gambling is not same that's associated with running a business and the expectation of both differs to a large degree. As a gambler, the only thing you do is to run your prediction, use a certain amount for that purpose and then sit back and wait for the outcome. That's not same with running a business. If you're running a business, you likely must have spent for the goods, for transportation and for a lot of other logistics. You're going to first of all aim at getting your capital back, do proper planning on how to keep the business running for the long term and that will go with a lot of planning that's not applicable to gambling. The obvious difference between gambling risk and business risk is that business risk is always well calculated and managed such that loss is reduced to a point where it is completely avoided.

[lovesmayfamilis]

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.

Well said. Business is built on risk, but it should not play the game of "either luck or failure." Anyone with such a mindset will always be considered a loser. Gambling can be a start if someone in their right mind can use their big win to start a business, but further continuation should not go along with gambling, as it is very irresponsible. Risk should always be justified and thoroughly considered in all situations. Normal behavior, like in gambling, hoping for luck, does not work in 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?

I don't think there is any positive aspect of gambling that will directly help me become a better businessman. But if I think positively, the risks we take in gambling give us experience in taking risks in business. A gambler can accept losses and if they apply that experience in their business, they can do well. In gambling gamblers have to make quick decisions and sometimes this quality applies to business as well.

It really depends on the type of gambling you’re into. If you’re doing sports betting, it’s more like reading stats, analyzing trends, and coming up with a strategy, it’s somewhat similar to going through a company’s financial statements and performance before making a business move. That’s probably the closest positive connection I can see. But if you’re talking about pure luck-based games, there’s not much to analyze, you just leave it to chance, and no amount of stats will change that.

[junder]

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.

With what you said, this exactly happened to my friend who was someone who owned a business in the electronics sector, but his business went bankrupt because he became addicted to gambling. I saw his family disappointed with him because he lost his business without any clarity because maybe his family didn't know that he went bankrupt because of his gambling addiction. This case has been going on for quite a while and currently what is happening is with my friend who owns a restaurant business in front of my house, he is currently enjoying gambling, this is proven by him gambling every day and he always asks me to borrow the balance every night, sometimes his restaurant is closed, also when I hang out at his place some people come to collect the loan he made, what I fear is that his business will also go bankrupt. Actually, I have reminded him not to overdo it in gambling and take the example of my friend whose electronics business went bankrupt, but yes, because he is currently enjoying gambling so he doesn't really care.