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For those of you who are experienced gamblers, investors, or entrepreneurs:
Do you look at business ventures through the same lens as a calculated bet?
Where do you draw the line between a calculated entrepreneurial risk and pure gambling?
Would love to hear your thoughts, especially from those who have transitioned from gambling to running a business or vice versa!!!
For those of you who are experienced gamblers, investors, or entrepreneurs:
Do you look at business ventures through the same lens as a calculated bet?
Where do you draw the line between a calculated entrepreneurial risk and pure gambling?
Would love to hear your thoughts, especially from those who have transitioned from gambling to running a business or vice versa!!!
If you goal is for long term and there is a potential good cashflow and you think you are getting fun having a business. Go for it. But if your goal is to get entertained, spending money without assured to win, or lets say you have the talent to win in gambling and you are well skilled gambling is the ideal but for me, I do not consider gambling as a form of asset unlike having a business. Not all the time gambling gives a money instead more likely an expense and not a cashflow as an inflow to your banks and wallets like businesses.

