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Poker Discussion
General Poker
Expectation For All Game Types?
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[QUOTE="Ronaldadio, post: 830883, member: 11310"] It may come as a shock to a lot of people, but in business you do not have any control on how much money you make. Like poker, it is down to having a good process and controlling your capital (bankroll) I will not go into the ins and outs of it all, but as an example, you can set your sales people a target of 100 calls a day. They have to be `good` calls (the right decision at the right time, etc) However, for a variety of reasons, you can make 1,000 `good` calls and get nothing one week. The next week you make 50 good calls and get 10 peices of business. Poker, from a business perspective, is nothing more than an investment that is based on a variety of variables - same as the stockmarket. You use all the information you have available to make a calculated risk. So, I know that if my play did not change, I make about a 50% ROI when I play MTT. So, if I wanted to make about $4,000 a month I would need the following, on top of the hardware, internetconnection, etc to run this business:- $24,000 in capital (3 months worth of investment) [I]as a minimum [/I]to start the business up. So poker can be set up as a business. The reason not as many people make it is down to the fact they don`t set targets and do their homework and they don`t keep good records. Believe me or believe me not ;) [/QUOTE]
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