Running your own business is not easy. Even before you have set up your business, many obstacles come your way. Once you are an official entrepreneur, there are many other challenges that you will face. A successful entrepreneur must be able to think before every move and evaluate the situation after every move. Who else do this? Experienced poker players. Entrepreneurs can learn a lot from people who play poker regularly.
Choose your fight carefully
Poker players do not just join every game. They look at the cards in their hand and critically determine whether or not they want to play with this hand. An entrepreneur actually does the same. The entrepreneur looks at the market and the competitors in this market, its customers and its product. On the basis of this information, the entrepreneur decides whether or not he wants to compete, just like a poker player does.
Always remain flexible
Poker players must not only carefully choose every battle, but must also remain flexible. One round can be the winning hand, the other round the situation can suddenly be very different. To be able to respond well to this, you must be flexible in the strategy that you use. Are you suddenly on the losing hand or suddenly on the winning hand, then you quickly adjust your game accordingly.
This is also the case with entrepreneurs. Sometimes the company is doing well, then the chosen strategy suddenly appears to fail miserably. The only solution: choose a new strategy in no time, just like a poker player does.
Never stop learning
The best poker players have only become good by playing poker daily. And not only that: they constantly learn from the mistakes they make. This is also the key to success for entrepreneurs. Never stop learning, but evaluate all the choices you make and continue based on these insights. Making mistakes is human and not a disaster at all, but a way to get better at what you do. And with a bit of luck, you become just as good at your job as the best poker players in their job.