Learned lessons of businesses of the poker

These are some lessons of businesses that we can learn of the poker:

To select the market well

An important decision in the poker is to choose the table in which to play, a table with good players, or one where there are several competitors, will present/display less possibilities of winning.

Something similar happens in the businesses, to be successful, we must choose or the business or the market in which to penetrate, while the less enabled they are the competitors, or while the less they are these, majors will be our possibilities of success.

To create a good mark

As much in the poker as in the businesses, counting on a “good mark” it is of great importance.

In the poker, being recognized like a good player, will influence in the performance of the other players, for example, he will cause that they are not so aggressive and are more preservative.

Whereas in the businesses, counting on a good mark, or the mark of products, the reputation of the business, or the reputation that one has (marks personnel), will allow that they recognize it to the consumers, trusts and chooses to one.

To take risks

In order to win in the poker we must assume risks, but as long as we know when to do it; also, never we must risk more than we are arranged to lose.

The same happens in the businesses, to be successful we must risk, but as long as we know when to do it, and always putting a limit to which we can risk.

To become qualified well

If we want to be good in the poker, we must become qualified well; for it we can read books, to follow the best ones, to surround itself by good players and, mainly, to practice.

If we want to be good in the businesses, we must become qualified or, to read books, learn of people who have been successful, to surround by enterprising people or industralists to us like us and, mainly, to put in practice which we have learned.

To amuse itself

One to get to be really good in the poker, must love the game, must be amused and not only to concentrate itself in the money. It is more, if only one is concentrated in the money, is probable that it loses concentration and clarity, and, therefore, diminishes its yield.

In order to be successful in the businesses, one must love what does, must be amused in its businesses and not only of concentrating itself in the money. Itself it is concentrated in having money, is little probable that this one appears.

To have patience

In the poker one must have patience and think about long terms, does not have to force the triumph, but to have patience and to wait for the opportune moment; one must know that the loss of a game does not concern much, the important thing is what happens at the end of the game.

The same happens in the businesses, to achieve the success, one must have patience and not look for so much the immediate rewards, but think about the long term; it does not have to force the success, but to have patience and to advance little by little; one must know that it does not concern much to have an error, a fall or a failure, the important thing is what one can learn of them, and what obtains at the end of the way.

Source: blogs.zappos.com