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

[coin-investor]

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 poll would have given you the answer at a glance. I have many successful businessman friends, and none of them are gamblers. I have friends who have been gambling for an extended period, but they have had no success in business, even though they have been gambling for a long time. So based on my observation, it’s not.

You cannot apply the same principle in gambling to business and vice versa. There are different principles for gamblers and businessmen.
A businessman can calculate the risk and the profit, but you can’t do that in gambling; you cannot be a businessman in gambling, you’re a bettor hoping to win.

[crwth]

Hmm. I'm not sure if it helps. Perhaps in some cases, but not always. Yes, I agree that there are risk-taking similarities, but the nature behind it is different. Sometimes, there are just blind risks and calculated ones, and that's a significant difference.

What I'm worried about is that the data do not support the real value of being a gambler who runs a business. Is there any research that supports the alignment of the two? Maybe then we can quantify if it's legitimate or not. That's pure chance for sure.

[Cointxz]

I’m both gambler and businessman which is perfect fit to answer this topic. Based on my experience it’s not always helpful because you will be able to risk higher money on business if you will rely on chances that it will be successful despite there’s a high risk you are taking on the business that you plan to open.

I have some bad decisions on my business too in the past due to my willingness to take the risk that’s why I let my wife now manage our business and I’m just supporting here in the background through financing it.

All the decision making is done by my partner. 

[DiMarxist]

Op I didn't know if you are talking get m experience or just saying it. If a gambler own a business he will used off the funds for gambling. It has happened to many people which I have seen and it is a first hand information.
A man married with children had a good going business but the became to suspect and complaining out that her husband was using the business money to gamble everyday and the business started to crumble. And when she finally found out, she left the man and everything ends there. The business collapse.
Another instance again a boy own a betting shop and use his profit and capital off from betting.

[Awaklara]

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?

Businesspeople take risks with careful and detailed planning. They create several plans for their business execution. The way of taking risks is different from gambling. The mindset used should be different. Perhaps there is indeed a connection between the character of gamblers who like to take high risks and how they apply this when planning their businesses. Not everyone is brave enough to take big risks when starting a business, especially when it involves capital that could be lost along with a failed business.

[Dunamisx]

Some don't know that with the way of their thinking and behavior in gambling , such could help in assisting them develop more structural implementation in other things about life, this may not be in gambling or running a business only, but can include a vast majority of aspects it may be as an opportunity for us, that is why we should not take for granted any opportunity we had, some may be useful for us in other aspects in life, only if we never took them for granted.

[Bitcoin_people]

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?

In every field, people take risks and from there they can succeed, it is not possible to achieve success in life without risk. We know that if we bet in gambling, we can lose and win here but we have a mentality, maybe we will win but many times we lose but we do not break, although very few people break when they lose in gambling. However, compared to gambling, there is less risk in doing business, if you think that to be successful in the future you have to take risks in business then this will be said for you. And if you take risks in gambling then I think it will not be good for you at all, because a business enters a good phase at some point. However, if you waste your money in gambling, it will not be of any use to you in the future but if you can set up a business with that money, it will make you successful in the future.

[SATWAT]

In every field, people take risks and from there they can succeed, it is not possible to achieve success in life without risk. We know that if we bet in gambling, we can lose and win here but we have a mentality, maybe we will win but many times we lose but we do not break, although very few people break when they lose in gambling. However, compared to gambling, there is less risk in doing business, if you think that to be successful in the future you have to take risks in business then this will be said for you. And if you take risks in gambling then I think it will not be good for you at all, because a business enters a good phase at some point. However, if you waste your money in gambling, it will not be of any use to you in the future but if you can set up a business with that money, it will make you successful in the future.

Taking risk in different fields and having gambling mind are completely different things here talk is can gambler being a good in business I have my view its never been easy or near to not possible because where I am living things have never been easy to manage.
Life is not easy so peoples those are having gambling minds mostly ended on worst which is always on cards this make me thinking it's not possible because here gambling is completely different level and peoples love to have good amount with fewer works which encourage them for this.
In case you are having big win then never going to be involved in this and doing his business things can take changes and possibility is available as well but if you want to keep gambling and also have business then mostly ended on negative.

[CryptopreneurBrainboss]

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?

Gamblers and business owners shouldn't be sharing similarities because a business isn't something that you should be doing and depending on some luck to help you out why what you should be doing for your business is taking strategic steps to make sure everything that you do is to help you get a good result at the end of the day. Being a good risk taker is good but it isn't in everything situation that you should be doing that. Some situations need critical thinking and needs you to evaluate your options then make sure the one you're taking, is the right choice.

[acroman08]

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.

These are two different kinds of risks, I mean, when taking risks in a casino or sportsbooks, you do not have any control over the result, you can't alter things to make the result of the match in your favor, but when it comes to taking risks on a business, you control a lot of things like, what you sell, your target market, your marketing, you can adjsut things if something doesn't work, etc... so, while both are taking risks, it is a two different kind of risks.

[Accardo]

These are two different kinds of risks, I mean, when taking risks in a casino or sportsbooks, you do not have any control over the result, you can't alter things to make the result of the match in your favor, but when it comes to taking risks on a business, you control a lot of things like, what you sell, your target market, your marketing, you can adjsut things if something doesn't work, etc... so, while both are taking risks, it is a two different kind of risks.

How do you get to control people's desire? Look the effects of marketing isn't controllable, it's very close to gambling, but the lucky thing is that it can get tweaked, yet won't guarantee a certain sure result. Business is very risky. Take for instance, traders who use crypto as a business, do they have any authority regarding the market fluctuation?

[Solodoski]

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 am not a businessman, but I don't think the risk in gambling and business are the same. Some people might argue that it's all about taking risk, yes that's true but a gambler risk taking is different from that of a businessman, because for you to venture into a business; you already have a vision and plans set aside for the growth of your business. A businessman just don't take risk, but calculated risk, why some gambler's just take risk without even being calculative, although some gamblers take calculated risk but it's still not the same as that of a businessman.
A businessman has a drive and works towards what he or she aims to achieve and they tend to be very calculative before taking any risk.

[Nahl]

I am a gambler and also a bussinessman but recently i have to closed my bussiness and going to bankrupt and the reason is very various but one of the main reason is during build my own bussiness i am unable to managed my money and i have to says gambling and bussiness has similar risk because if people have failed to managed their money in these things eventually they will lost all of their money and do not forget too lucky is required even people who success in bussiness have admit this thing that they says smart and good skill sometimes didn't works properly if people have no luck to build the bussiness

[danherbias07]

I’m both gambler and businessman which is perfect fit to answer this topic. Based on my experience it’s not always helpful because you will be able to risk higher money on business if you will rely on chances that it will be successful despite there’s a high risk you are taking on the business that you plan to open.

I have some bad decisions on my business too in the past due to my willingness to take the risk that’s why I let my wife now manage our business and I’m just supporting here in the background through financing it.

All the decision making is done by my partner. 

Indeed, that's a very good decision coming from you. We know ourselves, and if we think that we are jumping the gun way too much and taking higher risks than it is, then let someone else handle it, especially those whom we trust and have seen us make mistakes in the past.

I believe businesses are better risk than how it is in gambling. I mean, if you play and lose the money, it's gone. In business, there are chances that it can be saved as long as we are willing to make more efforts in changing the system if something is not working. I mean, there's a fix in business, unlike how it goes with gambling.

[Leahized]

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?

Just to say why gambling and doing business are not one thing. At first, we should all know that even if there is a consistency here, most of the time people lose people but people do not always lose in business. There is a bit of a risk here to take the risk but not just business you do not work, you have to take your confidence and risk there. Then you will achieve success. When a gambler starts betting on any casino or gambling. Then he will never be able to say how much guarantees, but an experienced businessman can tell how he will be able to run his business successfully and improve it later. Now if a person considers the money, then I would say that it is possible to earn more money only by gambling for a short time but it is possible to lose all money. However, the business field is different because there will be no number of losses, if it can be managed properly or if you do business honestly. In this case, as much as I can say, a gamble will never be a successful businessman. Because gamblers are the most greedy, they suffer the most.

[Oluwa-btc]

Some Gambling lessons & experiences can subtly become insightful in business and sustaining business strengths.Mindfully,only disciplined Gamblers can proceed with such strategies into their business activities;it makes it easy for them to reflect on skills,tools that's valuable in running their business.

[Gozie51]

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.

Business operation is different from gambling. First you will have to look at viability of your business, do survey and take note of those factors of production like land, entrepreneurship skills, labour, and capital. That is, if you are talking about going into manufacturing but this is not found in gambling. With gambling, your calculated risk is the reduction of your risk appetite in staking amount and it is still based on LUCK which in most cases is absent in business. In business, you take note of policies that can affect you and if you take care of it, the chances of success is high. Therefore, business and gambling are different and will not be compared.

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?

Success in business because of the gambling idealogy will not be realistic. Someone who is gambling and using such gambling idea in business will not last in that business because the modus to operate a business is not same with depending on luck just like in gambling. There is one on one bargaining power, strategy or lobbying in business but gambling is just luck that may not last. If you are successful in gambling and using that idea for business operation, the success will only be temporal.

[lionheart78]

Some Gambling lessons & experiences can subtly become insightful in business and sustaining business strengths.Mindfully,only disciplined Gamblers can proceed with such strategies into their business activities;it makes it easy for them to reflect on skills,tools that's valuable in running their business.

The keyword here is right execution of courage (calculated risk taking), insight, perseverance, knowledge, and funding.  I do not know how being a gambler helps a person to be successful in life but I can say, even without having to gamble in a casino, people can learn things that @OP is talking about.  I said it because life itself is a big gamble, but not the same thing as gambling in a casino.

Most casino gamblers often end up using their business fund when they lose control of themselves, which contributes to their business being ruined.  It is not being a gambler that made a person succeed, but being able to take calculated risks whicfh is needed in a business to prosper.  Blindly taking risks will only exhaust a businessman's funds due to failure.

[acroman08]

These are two different kinds of risks, I mean, when taking risks in a casino or sportsbooks, you do not have any control over the result, you can't alter things to make the result of the match in your favor, but when it comes to taking risks on a business, you control a lot of things like, what you sell, your target market, your marketing, you can adjsut things if something doesn't work, etc... so, while both are taking risks, it is a two different kind of risks.

How do you get to control people's desire? Look the effects of marketing isn't controllable, it's very close to gambling, but the lucky thing is that it can get tweaked, yet won't guarantee a certain sure result. Business is very risky. Take for instance, traders who use crypto as a business, do they have any authority regarding the market fluctuation?

That's why I said "you control a lot of things like, what you sell, your target market, your marketing, you can adjust things if something doesn't work, etc..." Opening a business isn't something you just do with a bit of preparation, you study the indutry and learn the ins and outs, you research, you insure, you make plans. Sure, business is very risky, but it is the kind of risk that you can reduce with proper preparation, which you can't really do in gambling. As for trading, while they don't control fluctuations, they do control their asset and adjust them when the market fluctuates, which you can't really do in gambling.

[DubemIfedigbo001]

Starting a business and gambling have two entirely different risk patterns. I'm gambling I'm cautious and don't push excessively, even in the sight of a defeat, but in my skill and business, I give my all and even more. What revitalizes my attitude towards work is simply my desires to succeed no matter the obstacle, but I cannot say such when I'm gambling else that would mean gambling irresponsibly, so being a gambler isn't my source of inspiration towards work at all and it can never be.