When you take the entrepreneurial path, one is always ready to take risks that might come their way and this needs one to be very courageous. These individuals who choose this route are seen to have huge willpower. The big question here is whether every business person is this bold to take up on risks that come their way. Is it that all entrepreneurs behave like gambler? If we said that entrepreneurs are like gamblers, this would paint a not so good picture.
Who is an entrepreneur?
Many of the entrepreneurs are looking to have an empire that will stand the test of time. An entrepreneur is always looking to have a business that will stand the test of time and make profit for them in the long run. The pleasure in being an entrepreneur is having something that never existed before, seeing it grow and become successful.
In simple terms, we can say that an entrepreneur is someone who looks for business opportunities, invests their money, time and other resources for the opportunity to be prosperous.
An entrepreneur's aim is to make profits and build something that will be remembered for the longest time possible. There are very few entrepreneurs whose main goal is just to make money. Their main target is to come up with a concept and a market right from scratch.
Who is a Gambler?
A gambler is one who looks at making quick cash and strike gold instantly. A gambler will place a bet and hope to get lucky and win big from the bat. A gambler is playing against the house and the house is usually the winner. A gambler takes risks but it is not frequently calculated since the house always has an upper-hand. The gambler relies on the chance that they will get lucky and bank on the luck as many times as possible. A gambler is not a true risk taker as he is extremely impulsive.
A gambler will leverage their opportunity for fast fixes and gambling is the appropriate channel for them to get immediate accessibility and gratification.
Would it be in order to say that entrepreneurs are gamblers?
Entrepreneurs are keen on leveraging their luck for them to be successful. Their chances of succeeding are arguably better compared to those of gamblers. This being the case, entrepreneurs are not gamblers but there are risk takers.
An entrepreneur sees an opportunity that's attractive and places a bet on it. Their stake in this case is their time, capital, assets and savings. As they do this, they might depend on luck but they have taken calculated decisions to have odds in their favour.
An entrepreneur will always look at a business venture; evaluate their advantage towards the venture and see how probable it is for them to succeed. An entrepreneur will not take on risk just for the sake of it but will take the risk since they have the potential to be successful in it.
An entrepreneur's risk taking always has the chance of being successful since he has taken time to carefully plan a strategic approach. The entrepreneur has a plan and this is what makes them different from gamblers. Having a visionary outlook of how they do things makes them adamant on having an end goal. The end goal is what gives them the purpose to wake up every day and push towards achieving it.
Entrepreneurs may not be as aggressive and impulsive as they may seem to be. An entrepreneur's reason and quest to have their purpose succeed is most of the time not noticed by analysts who might perceive them as gamblers.
An entrepreneur would not risk their vision and urge to succeed for them to be gratified. This is because such endeavours will take their mind from achieving their success in the future.
To sum it all up, an entrepreneur is not a gambler. An entrepreneur has a long term strategy to achieve success. Entrepreneurs are similar to gamblers in risk taking and being daring. Every decision they make is based on coming up with a clear goal and urge to achieve their target at the end of the day.