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, labor, capital, and entrepreneurship. 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 is 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. Some who is gambling and using such gambling idea in business will not last in the business because the modus to operate a business is not same with depending on luck just like in gambling. There is a 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.