What Poker Teaches About Business

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What Poker Teaches About Business
February 25th, 2020 12:35

Poker is one of the best games to win money in your free time. You might be surprised to know that this wonderful game of strategy also teaches a lot of valuable lessons about business.

Here are some of the most insightful pieces of wisdom you can gain at the Poker tables –

B – Be unpredictable

Never let your rivals have the slightest idea about your strengths and weaknesses.

U – Understand your opponent

Keep an eye on your opponent’s behavior to speculate his plans and devise a strategy accordingly to outsmart him.

S – Start small

Regardless of your financial strength, always start your journey as a businessman on a smaller scale. It is okay to have big aspirations, but starting small help you learn how to streamline things and where to direct your efforts in order to get the desired results.

I – Innovate

Develop your own strategies to beat your competitors. Stay open-minded to learn new things and understand how to implement unique and creative ideas in your work.

N – Never act without weighing the possibilities 

Always make decisions on the basis of research and analysis. Your understanding of human behavior and mathematics helps you greatly in finding out the best possible solutions to complex problems.

E – Experience matters

The more time you spend learning, the better you understand how to take ‘calculated’ risks and deal with unexpected situations effectively.

S – Self Control

Keeping your negative emotions like anger and nervousness in control, helps you quickly weigh the negatives and positives of a situation and make rational decisions.

S – Step back when needed

Whenever you feel that things are going downhill, for example – a project is not progressing as planned, then it’s time to rework on your strategies. Take a break to understand what went wrong and find out ways to fix that issue to save your precious time, money, efforts, and resources.

It is easy to learn how to play Texas Poker, Omaha, or Crazy Pineapple, but to increase the likelihood of your success, you need to acquire expertise through consistent practice and training. Similarly, in order to reach the top in the business world and gain an edge over your competitors, you have to create strategies and tactics by keeping the above-mentioned ‘fundamental’ lessons in mind.

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Poker

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