Four poker-loving Gen.T honourees explain what the card game can teach entrepreneurs about risk, strategy and leadership
Poker may be a game of luck in the short term, but ask any poker professional and they'll tell you that luck will only get you so far.
The best players employ skill and strategy to get the upper hand, weighing up the odds of success and making calculated decisions. It's no wonder, then, that a number of entrepreneurs report learning important skills and life lessons while playing the game.
In the case of the four Gen.T honourees below, playing poker has shaped the way they run their businesses. From teaching discipline to helping you walk away when the odds aren't in your favour, here's how playing poker can make you a better entrepreneur.
It trains you to keep your emotions in check
Lai Chang Wen
CEO, Ninja Van
Lai Chang Wen started playing poker in college as a way to earn extra pocket money. During that time, some of his biggest winnings would amount to a couple of thousand Singapore dollars. Monetary rewards aside, he clearly remembers how the card game helped to shape his perspective on entrepreneurship.
“In poker, when the odds are in your favour, fight fiercely. When the odds are against you, roll with the punches,” says the co-founder and CEO of Ninja Van, a six-year-old logistics provider headquartered in Singapore with presence in five additional markets in Southeast Asia.
The trick, he says, is to not be too emotionally invested in the outcome. “Regardless of the hand that you're dealt in poker, always keep your emotions in check.
"This is the same in entrepreneurship—you’ll win some, you’ll lose some. Being overly attached to any venture might hold you back from wrapping it up and moving on to the next game with a potentially better stack.”
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