Are you thinking about whether you are on the right path or not? Are you quite addicted to being on your own? It might be because entrepreneurship is closely related to gambling. Yes, you heard me right. Are you wondering how it can be true? Stay till the end of this post, and you, too, will say the same.

How Entrepreneurship and Gambling Closely Related

What is the priority of a gambler? Isn’t it to hit the jackpot? So, it is all about making more money. Due to the same reason, even though they lose money many times, they go on gambling more and more money.

Even if a person loses nine times, if he wins the 10th time, he recovers all the money he lost and makes profits. So he keeps on making more and more and more bets.

If he is poor at money management, he loses the game. — Means he loses all the money he has. So, a gambler must be good at money management.

Sometimes, with the hope of recovering the losses, the gamblers put all the savings and even might lend money if they are sp addicted.

And the same thing goes with entrepreneurs as well. If a person is so passionate about being an entrepreneur, he goes to any extent to become successful in their trade.

They come up with an idea to become successful. In the majority of the cases, if you come up with twenty ideas, nineteen might not be the good ones. They might bring more losses to you, burn your money. However, that last win will cover all of those losses and brings you a fortune.

I have seen people who are into print on demand who are successful in their trade. Their journey was so hard, and some even did odd jobs to make their ends meet. However, they did not stop their journey despite those situations. And finally, they get that winning design that crystallises all of their visualisations. If you pay close attention, gambling and entrepreneurship have two common traits.

Money Management Skill is Required to Win in Both of Them

If you want to survive, you should be good at handling your money. You should know to what extent you have to spend money on your trade. Many times, I have decided to give one more last try in my business before compromising. And I even fed my business when it demanded more energy and money. — Yes, it is the story with most of the entrepreneurs.

If you know where to put a break, the journey will be smooth for you.

It’s Risky, Be It Gambling or Entrepreneurship

One of the biggest mistakes the majority commit is directly jumping into business by leaving their fixed paying job. They think that this one idea will change their life and it would be better if they put in their undivided efforts. However, it is risky, and we don’t know how much time it might take for your ship to sail. Even I committed that mistake a lot of times and learnt the lesson the hard way.

The best thing about entrepreneurship is you can control the risk. It is not possible in gambling. You can reduce or avoid the risk by upskilling yourself by investing in yourself. However, it is not possible in gambling. You can’t control the risk. You can’t control the outcome.

Conclusion

Entrepreneurship is nothing but gambling, as we can’t promise the outcome. Everyone has different viewpoints and abilities. However, when you focus on understanding your trade well and sharpening your axe, you can win in your game.