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Everything I Know About Business I Learned From Poker

 
EVALUATING MARKET OPPORTUNITIES
*  Table selection is the most important decision you can make.
*  It's okay to switch tables if you discover it's too hard to win at your table.
*  If there are too many competitors (some irrational or inexperienced), even if you're the best it's a lot        harder to win.
MARKETING AND BRANDING
*  Act weak when strong, act strong when weak.
*  Know when to bluff. Your "brand" is important.
*  Help shape the stories that people are telling about you.
FINANCIALS
*  Always be prepared for the worst possible scenario.
*  The guy who wins the most hands is not the guy who makes the most money in the long run.
*  The guy who never loses a hand is not the guy who makes the most money in the long run.
*  Go for positive expected value, not what's least risky.
*  Make sure your bankroll is large enough for the game you're playing and the risks you're taking.
*  Play only with what you can afford to lose.
*  Remember it's a long term game.
*  You will win or lose individual sessions, but it's what happens ... more

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