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.