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The Gambler By Kenny Rogers - What Can You Learn? - Business - Nairaland

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The Gambler By Kenny Rogers - What Can You Learn? by haibe(m): 5:39pm On Jan 07, 2015
Not sure if everyone is familiar with "The Gambler" by Kenny Rogers but I remember it's a song I used to love when I was much younger, not just because of the rhythm alone, but also because of the intelligent message the writer is passing, I decided to do a Google search about other people's opinion about the song and I ended up with this lessons below which may be suitable to those in business, yes! gambling is inevitable in the business world even though some are too ignorant or religious to admit it.

"Kenny Roger’s song The Gambler has a business idea for
any entrepreneur in the world.
The song says that every gambler knows the secret for
surviving. What if the song says every business know the
secret for survival? What would be the secret for survival?
Good customer service, excellent products, or sound
financials?

The gambler song is an entire business toolkit, with tips
ranging from business plan and market intelligence to
customer service and business strategy.


"You got to know when to hold `em, know when to fold `em,
Know when to walk away and know when to run.
You never count your money when you`re sittin` at the
table. There`ll be time enough for countin` when the dealin`s done. "


The gambler knows the competitors cards by the way they
held their faces:
By watching your competitors action you can understand their strategy. If the competitors are purchasing a new plant it means that they want more market share. If they get a new loan they could even be targeting your customer with a new product, or they want to diversify.

In order to play the game, you need to learn how to play it right: This means you need to understand your market, your industry and your products.

You need to know when to walk away, when to run:
This means that you need to understand your business and your market to know when to change tactics, when to change products and when to attack to your competitors.

Knowing what to throw away, knowing what to keep : In market segmentation you need to know which segments will give the best returns. You have to know which customer to keep and which to ignore. Better have fewer happy
customers than have a numerous customers who are not
happy.

You never expose yourself by counting money during the
deal:
This is because it will expose your financial situation. You need to be cautious on anything regarding your financial position."


Source: http://www.replaybusiness.com/2013/01/the-gambler-knows-secret-for-survival_31.html?m=1

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Re: The Gambler By Kenny Rogers - What Can You Learn? by haibe(m): 6:45pm On Jan 07, 2015
COMPLETE LYRICS-"The Gambler" (Written by Don Schlitz)

On a warm summer's eve
On a train bound for nowhere
I met up with the gambler
We were both too tired to sleep
So we took turns a-starin'
Out the window at the darkness
The boredom overtook us, he began to speak

He said, "Son, I've made a life
Out of readin' people's faces
Knowin' what the cards were
By the way they held their eyes
So if you don't mind me sayin'
I can see you're out of aces
For a taste of your whiskey
I'll give you some advice"

So I handed him my bottle
And he drank down my last swallow
Then he bummed a cigarette
And asked me for a light
And the night got deathly quiet
And his faced lost all expression
He said, "If you're gonna play the game, boy
You gotta learn to play it right

You've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
Know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for countin'
When the dealin's done

Every gambler knows
That the secret to survivin'
Is knowin' what to throw away
And knowin' what to keep
'Cause every hand's a winner
And every hand's a loser
And the best that you can hope for
Is to die in your sleep"

And when he finished speakin'
He turned back toward the window
Crushed out his cigarette
And faded off to sleep
And somewhere in the darkness
The gambler he broke even
And in his final words
I found an ace that I could keep

You've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
And know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for countin'
When the dealin's done

You've got to know when to hold 'em
(When to hold 'em)
Know when to fold 'em
(When to fold 'em)
Know when to walk away
And know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for countin'
When the dealin's done

You've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
And know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for countin'
When the dealin's done
Re: The Gambler By Kenny Rogers - What Can You Learn? by Administrator: 7:04pm On Jan 08, 2015
True talk faa.

This song is applicable too every facet of life.

I dare not joke with the song.

Front page things

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Re: The Gambler By Kenny Rogers - What Can You Learn? by pankere(m): 10:14pm On Jan 08, 2015
One of my most favorite songs ever. It has hidden meanings relating to business and succeeding among competitors

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Re: The Gambler By Kenny Rogers - What Can You Learn? by ebicon(f): 12:27pm On Jan 09, 2015
One song with deep meaning.love it

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Re: The Gambler By Kenny Rogers - What Can You Learn? by Pavore9: 1:13pm On Jan 09, 2015
l love that song especially the cover done by Jamaica's Busy signal. It has life's lessons for those who have ears.

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Re: The Gambler By Kenny Rogers - What Can You Learn? by haibe(m): 7:18pm On Jan 09, 2015
Pavore9:
l love that song especially the cover done by Jamaica's Busy signal. It has life's lessons for those who have ears.
wow, haven't heard the cover but sure it won't be soothing like Kenny Roger’s version. But well, it's the lyrics I love the most. Don Schlitz did a great job.
Re: The Gambler By Kenny Rogers - What Can You Learn? by Pavore9: 7:24pm On Jan 09, 2015
haibe:
wow, haven't heard the cover but sure it won't be soothing like Kenny Roger’s version. But well, it's the lyrics I love the most.
Yes Kenny Rogers will always be Kenny Rogers. The lyrics is so deep.
Re: The Gambler By Kenny Rogers - What Can You Learn? by haibe(m): 7:39pm On Jan 09, 2015
OTHER LESSONS: Successful Entrepreneurs Know When to Walk Away

Have you ever heard of the song from Kenny Rogers called
“The Gambler?” There are a few lines in there that makes
this post easier to understand. Even though the song is
about gambling, I like to use this quote often when talking
about business.

I consider myself a successful entrepreneur. I have owned
and operated businesses since I was a teenager. I just
have that mindset that likes to turn every idea into a
business. While I always have dreams of grandeur and
expect all of my ideas to make me money, I have found
that it just simply doesn’t happen. I can’t even count how
many businesses I have started and run, but then found
out they were duds. Hell, one of my biggest businesses,
which sold millions of dollars worth of merchandise, didn’t
succeed. I ran that business poorly and wasn’t paying
attention to the cash flow. There are some other reasons
why that business didn’t succeed, but those don’t really
matter.

Know When to Walk Away

Kenny Rogers said it best in his song. The best gamblers
know when to hold ‘em and know when to walk away. It is
the same concept for entrepreneurs. When I first started
my businesses, I thought they were going to go the distance.
Most of them failed and I am OK with that. I learned
quickly that in order to succeed, I didn’t need to keep
pushing those business ideas. I just needed to find one
that worked best for me. I used to follow the money. I
would start a business in an industry which had high profit
margins. The problem is the competition was fierce. The
more competition you have, the less chance you have a
breaking into the market.

If I would have continued pushing myself with my e-
commerce company , I would have been in a very bad state.
My health would have deteriorated and I would have been
in even more debt. While the dream was still alive, I knew I
had to fold ‘em and walk away. It wasn’t my time to
succeed in that business.

Knew When to Hold ‘Em

The most successful entrepreneurs know when to hold their
business ideas and keep pushing. While I am not the most
successful person out there, I consider what I have done a
success. I run a small media company which owns and
manages blogs, but I also provide freelance services such as
writing. My business has grown over the years and even
more so since I started Debt Roundup and this site. I
understand I have a good thing going and I am going to
hold onto it. I am also going to continue to push its growth.
You should never just sit on a business idea and hope it
runs itself. You have to continue each day to push hard.
Running a business is not easy and it requires a lot of
dedication, time, and sacrifice.

I most recently expanded my services to include technical
blog management . I have been working on many blogs
throughout the past year. I noticed there was a niche not
being filled properly. I had good connections, understood
the needs of other bloggers, and could provide that service.
Since the launch, my client base has grown considerably
and I see this new model is one I want to hold onto. It fits
right into my wheelhouse and allows me to pursue one of my
passions.

My advice to all entrepreneurs is to understand these few
lyrics of the Kenny Rogers song. They work very well for
small business and they should be followed. You need to
know when you have a great business. If you do, then
continue to focus on it and grow it. You also need to
understand when it is time to throw in the towel. Yes, you
might consider it a failure, but failure is one of the best
teaching mechanisms . You might have to walk away from a
few business ideas until you find one you can hold on to.
Have you ever had to walk away from a business idea
because it just wasn’t working out?


Source: http://www.sproutwealth.com/successful-entrepreneurs-know-walk-away/

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