Just accept that great poker players and great businessmen never make the same mistake twice
It all comes down to three little words: know your limits. Before you sit down to the poker table, you should have very clearly defined goals about the game. The game of business isn’t very different. You need to know how much money is available and figure out how long you will be able to keep up the bluff. And, as it takes money to make more money, don’t be cheap. What seems like an expense in the short-term can bring a very rewarding return in the long-term. You have to be willing to take risks, to invest and ready to lose from time to time. Get used to losing. No poker player wins every hand. In the business world in general—but particularly in the domain of sales—dealing with loss and rejection is an absolute necessity. If a poker player loses a big hand, his best bet is to stay calm and focused and plan his next course of action. Small business owners also need to stay calm when the waters get rough. If you panic, you can lose the faith of your investors, the respect of your employees, and the trust of your customers. Assess your risk, and forgive yourself for a mistake. Just accept that great poker players and great businessmen never make the same mistake twice.