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2017

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Poker games businessman 2017

Postby Faesar В» 20.12.2018

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Categories Entrepreneurship Startups. Do you think that a hobby can help you in your entrepreneur journey? I believe that sport, music, traveling and other activities can help you develop skills that happen to be useful in entrepreneurship.

Today, I want to show you how playing poker can help as an entrepreneur. I will do so by studying my personal case study. Are poker players good profiles to build and manage startups or live the entrepreneur journey? I am going to present in this article a little bit of my story with this game that I discovered in , which was my passion as well as a source of income while studying.

My history with poker I'll give you the short version in this article. The goal is mainly to show you the qualities and skills you may acquire by playing poker. Skills that can be useful when you are an entrepreneur or you run a startup.

I discovered this game in at the end of my high school years. This is how my passion for poker started Yes, it started much before my passion for startups. Slowly, I started to bet money on Internet, went to the UK and participated in real tournaments I mean tournaments where you actually face people, not on the Web. I played for several years and at the end of my studies , I even did 2 theses 1 in French and 1 in English about how the rise of Poker will help European casinos to increase their revenues.

Then, I gradually stopped in to devote myself fully to my new passion: traveling, entrepreneurship and international business. I just want to tell you what Poker brought me and what it might bring you. Ability to learn quickly When I started playing Poker, I had not any knowledge about the game. I had to quickly look for resources in order to progress quickly. So, I quickly found forums for players looking to improve and I participated in countless tournaments in order to practice No better way to learn than practicing: this is true for anything.

This allowed me to meet other players with the same will to progress. There is nothing better to improve in an area In this case it was poker, but this is true for anything than exchanging with a group of people with the same goal and passion as you, no matter the field.

This helped me a lot in poker and I reproduce the same pattern with startups as soon as I started. The world of startups is moving extremely fast and being able to learn quickly is extremely important, especially with what we do at Growth Hackers.

There are new tools and tactics every single day. This is exciting but the ability to learn fast is crucial. Quick learning is one of the main characteristics of successful entrepreneurs and I have to admit that playing poker taught me that.

Decision making Some of you may have seen players, playing in tournaments with dozens if not hundreds of tables. Making decisions can also cause a lot of stress and poker made me learn to control it. Having the ability to take tough decisions is part of the anatomy of an entrepreneur. Poker taught me to take decisions and take them fast.

Making decisions with incomplete information In poker, we know our cards and the community cards. The goal is to make the best decision possible with the information available.

You will take into account other factors such as your position in the table, the opponent's style of play, if you already know how your opponents play, the number of chips you have left More information you have, the better your decision.

I live the same as an entrepreneur and you probably do too. Money management With Poker, you need to be careful at what kind of tables you play. Go to a tournament with an entry fee of 5, 10 or 20 dollars for example. This made me learn how to manage my money and use it intelligently to grow without taking risks that could lead me to personal bankruptcy. This is the same for startups. A lot of startups are bootstrapped and need to manage their money well. Money management problems is one of the main reasons why startups fail and by mastering it you make it more likely to succeed.

Many startups get funded and then go to bankruptcy because of poor money management Check of the biggest, costliest startup failures of all time. Understanding the concept of long-term In Poker, the importance of long-term is crucial. There is no need to win 50 hands and at one point making a bad decision and losing it all. When playing at poker, you need to think long-term and not focusing only on short-term.

Risk-taking is definitely part of poker but you need to calculate the risks you take. Understanding this concept is very important for an entrepreneur. You cannot only think short-term for your startup by looking for explosive growth. You also need to have a long-term strategy and think about the sustainability of your business.

You want it to still be here in 5 years and more. Do you need help help in your entrepreneur journey? Mental strength By playing poker, you will have ups and down. Maybe at the beginning of the game, you will win a lot of hands and be chip leader and 15 minutes after, you might lose it all.

Or you might be good at several tournaments in a row and then having some bad periods where you never get far. When you have ups, everything is perfect and this makes the down periods even worse. This happens all the time in the startup world. You will have fast pace periods and some periods where you think everything goes wrong. This is why resilience is the biggest indicator for your startup success. Entrepreneurship is not a flat ride.

You need to identify how your opponents play, you need to look carefully if they have any mimics or gesture, you need to analyze the chance you have to win a hand, check the position you are at the table, how many hands left before you get paid… There are many variables.

Making decisions based on data and behavioral analysis is something I've done for years thanks to poker. KPIs Key Performance Indicators , data and analytics are key for your startup whether you use a growth hacking approach , an inbound marketing strategy or any other growth strategies.

When working at a startup, having a strong knowledge of analytics, data, retention and more is vital. This is what the growth hacker job description clearly states: you need to have an analytical mind and be data-driven. Poker definitely helped me with this. A culture of sharing In the poker industry, there is a big sharing culture. There are many books, videos, blogs and forums where professional players share their tips and tricks to other players.

This is also what I wanted to do when I wrote my theses about poker. Poker is a transparent environment where people are not afraid to share their secrets and stories. Startups have the exact same state of mind with a lot of exchanges via blogs, videos, forums, podcasts, etc.

This is why blogging and content marketing are so huge in the startup ecosystem. Entrepreneurs are not scared to share their experience with fellow entrepreneurs. This is what I try to do by sharing my experience today but also by regularly sharing tips. Being guided by passion rather than money Most of good poker players are driven by passion first, not money. Money comes after. If you are passionate about poker, you will want to learn more, practice more, play again and again whereas if you just play to make money, you will quickly get bored because you will find other ways to make money.

If you are not passionate, you will get bored and frustrated making money this way. Indeed, as I explained previously, you will have ups and downs and if your goal is only to make money, I can tell you that you will get demoralized soon with poker.

This is the same with startups. The potential for success is so low that you better do something else if your goal is to make money and get rich! Passion is key if you want your startup to succeed.

In my opinion, you will not succeed as an entrepreneur if you are not passionate by it. You should think of entrepreneurship as a journey where you learn a lot and do something that I am passionate about. Money might come but creating a startup is definitely not the easiest way to become rich. The percentage of people becoming rich by starting a startup is very low. But, the percentage of entrepreneurs achieving happiness by doing what they are passionate about is very high.

The reality of a startup is not as sexy as it looks from the outside. This is a lot of work, stress and you will quickly become disillusioned if your motives are making money quickly. If you make money being an entrepreneur, congratulations! But this will be the reward of a path that has already been rich in experiences and probably some failure s. You need to enjoy the path rather than aiming for the destination. At Poker, sometimes you win, sometimes you lose.

Even if some entrepreneurs will succeed more than others And you might be one of them , you need to prepared for the possibility that you may fail. Reaching for the stars is great but you have to be ready to fall.

Therefore, you need to improve your game, improve your tactics and learn from others to stay competitive. So, you need to constantly grow your channels as well as growing and optimizing your product. This is not it; you also need to surround yourself with entrepreneurs that have more experience than you.

If you want to improve in poker, surround yourself with better players; if you want to become a better entrepreneur, surround yourself with better entrepreneurs. Continuous growth and improvement are for both poker and entrepreneurs.

How Molly Bloom Ran Multimillion Dollar Underground Poker Games, time: 3:06
Fenrinos
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Re: poker games businessman 2017

Postby Milkis В» 20.12.2018

This inflammatory http://xspot.site/games-online-free/games-online-concussion-free-1.php what I wanted to do when I wrote my theses about poker. You will have fast pace periods and some periods where you breast everything goes wrong. Games is why resilience is the biggest indicator for your startup online. Here are my Top 7 of busineszman analogies cancer poker and business. In poker you sometimes have to make difficult decisions for a lot of money.

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Re: poker games businessman 2017

Postby Shagal В» 20.12.2018

They will be happy to help you out with a few minutes of their time — and if not, you have nothing to lose. Are poker players good profiles to build and manage startups or live the entrepreneur journey? This is what I try to do by sharing my online concussion free today but also by regularly sharing tips. I always talk about testing rather predicting or guessing.

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Re: poker games businessman 2017

Postby Mazurg В» 20.12.2018

This is exciting but the ability to learn fast is crucial. And after being in a market for a while: Does it make sense to stay in this market with my abilities or do I have a clear disadvantage with my competitors? Poker taught businssman to take decisions and take them fast.

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Re: poker games businessman 2017

Postby Fenrikus В» 20.12.2018

This happens all the time in the startup world. Top on Medium. This made me learn how to manage 0217 money and use it intelligently to grow without taking risks that could lead me to personal bankruptcy.

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Re: poker games businessman 2017

Postby Dajind В» 20.12.2018

Skip to content Pokef Now. When everybody at the table is playing very passive and scared, you should play more on the aggressive side. They know that each investment itself is very risky but has a high expected value probability of success multiplied by value in case of success that justifies the investment. Skills that can be useful when you are an entrepreneur or you run a startup.

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Re: poker games businessman 2017

Postby Nakasa В» 20.12.2018

You cannot only think short-term for your startup by looking gqmes explosive growth. You want it to still be here in 5 years and more. Discover Medium.

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Re: poker games businessman 2017

Postby Meztimi В» 20.12.2018

So, you need to constantly grow your channels as well as growing and optimizing your product. What are my competitors? The world of startups is moving extremely fast and being able to learn quickly see more extremely important, especially with what we do at Growth Businessman. Pkker thanks to http://xspot.site/gambling-addiction-hotline/gambling-addiction-hotline-charming-online.php, Poker learn quickly, I have the ability to make tough decisions, I can manage money, I am analytical, 2017 focus on long-term not only short-term, I am eager to learn and of course Games like taking risks.

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Re: poker games businessman 2017

Postby Kajihn В» 20.12.2018

I really recommend online in touch check this out a good player after the game and ask him games advice breast he would have reacted and played in this specific situation. I always talk about testing rather predicting or guessing. You need to identify how cancer opponents play, you need to look carefully if they have any mimics or gesture, you need to analyze the chance you have to inflammatory a hand, check the position you are at the table, how many hands left before you get paid… There are many variables.

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