Business is a gamble

Philippines
January 15, 2011 10:41pm CST
You have to gamble your money for a business that you want.At the start you wont see any progress it's like pouring your money. Dont fear of anything,as I've said It's a gamble,just look forward and you'll go straight ahead.That's a positive side of thought.On the other hand,You may fail but you should be ready from any circumstances that may come.Failure can teach you somehow. You might get loose the battle,but then at least you've tried who knows instead of being a loooser you'll be a winner. All you have to do is have a marketing strategy, patience and enough capital and of course the passion and everything is all set to go.... what do you think my lotters? Am I right?
1 person likes this
6 responses
@magtibaygom (4864)
• Philippines
16 Jan 11
Maybe the reason why you said that "business is a gamble" is, it's because in venturing into a business, you need to take risk. You need to bet on something. But unlike with gambling that you do in casino, in business, you know what you're doing. You have a game plan, and the game plan is clear, what to do and what you should not. In gambling like in Casino, you are just depending on pure luck. In business, the definition of luck is, "Laboring Under Correct Knowledge".
@mhypie03 (684)
• Philippines
2 Feb 11
This is precisely right. =)
@tiffnkeat (1679)
• Singapore
18 Jan 11
Ahh....my dear friend, business is a gamble, but then again, to the casino operators, gambling is also a business... Some also take myLot as a small business, so it is also their gamble. They exchange time in return for money. There is also risk. If you are risk adverse, the best is don't do anything. You are right to say you won't see progress at the start, but at least you got started. There is always a final ingredient which is missing if you cannot find success. I have written an article about it. if anyone is interested, you can message me, and I will direct your there. I shan't post links here. Don't worry, I won't send you to referral sites. I don't quite like it when people do, so I won't. I
@SIMPLYD (81398)
• Philippines
17 Jan 11
You are Absolutely right, business is a gamble. You are not sure whether it will prosper of lose. But for every business, you will initially lose because you have to take into consideration the start-up money you invested. Profit may come but after your expenses were fully covered up. But to go to a business headlong, without making a feasibility study will is really a gamble. In this regard, a careful study and plan should be done.
@KrauseHome (35522)
• United States
16 Jan 11
Personally these are some excellent thoughts here. Most people who ever start a Business, even online think it is going to be like a Job and the money is going to continue to come in no matter what. The problem is when it does not, they are judgemental and cut down the Business etc. not really looking at what the real issues for them could be. It does take a lot of time and money to get something going. Especially if you are wanting to have a Store front or selling items from your home. It is not something that you can expect to just grow on a tree or work itself. You need to be able to take the time and money to invest in your plan and then develop it to make it a success for you as well. You also need to remember that even when you do all you need to do to get the thing going it does not always happen like you want as well. There are times you have to give up and consider it a loss, but if you tried, calling yourself a Failure would be the wrong thing to do for sure. But when you take time to consider and do all of the things you have listed here even if you try and it does not work like you want it too, at least you will know you tried.
@JenInTN (27565)
• United States
16 Jan 11
Starting a business really can be a gamble. A scary one too. There are people that have invested everything they had in starting one. I think your advice is great and it is also important to have a back up plan too.
@kingparker (9698)
• United States
16 Jan 11
Yes, you are right. We all want to be in a win/win situation, but it is hard to achieve. We all thought that we can make something happen, or earn some big money. At the end, it wasn't that easy. What we dream of always opposite from what the reality is. I hope that we should develop a business plan before hand.