There is so much free ‘gyaan’ on what entrepreneurship really is. I have advice for everybody who is reading all of that in the hope of becoming an entrepreneur some day - You don’t learn anything till you start yourself! It’s exactly like poker. If you are an aspiring entrepreneur and haven’t played poker - play today! You will fall in love with it.
This is a fun, yet intriguing comparision between entrepreneurship and poker.
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| Not a sure shot win? |
1. Founding Team: The founding team is like the set of cards in your hand. Unless you have good cards, don’t even bet on seeing the flop(next set of cards). Even if the founding team is very good, you need to get the right employees(cards on the board) to make it a winning combination.
2. Uncertainty: Even though you can see your cards you are never sure about what can happen in the game. In fact, the beauty of the game lies in the uncertainty!
3. Risk vs Reward: The best players always gauge the risk and reward better than the others. This plays a huge role in winning the game. It's not just about taking risks, it's about taking risks smartly.
4.
Odds: Statistics and odds are against you when you are
starting in a poker tournament, similar to when you start as an
entrepreneur. Yet if you play your cards right, you will always beat
the odds and win.
5.
Stupid vs Brave: You have to make important decisions very
quickly in the game, but there is a very thin line between being
stupid and being brave. When you bet a lot of money and then you
realize you may not have the best cards, do you go all-in or fold?
You never know when lady luck may pay you a visit :)
6.
Addiction: Whether you win or lose once you play this game you
will most likely get addicted to it. Some get addicted beyond reason
:)
7.
Learning - The best players always pay attention to the
details and keep learning. You never graduate in entrepreneurship or
poker!
8.
Experience: With experience you learn the game more and know
what to avoid. Yet it is not uncommon to see newbies win and
experienced players lose. What a game! :)
In
entrepreneurship, just like in poker, its not the best hand that
wins, its the one who plays their hand best that wins! Keep playing,
keep learning - until you win.
What's
your take on poker vs entrepreneurship?
