Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,195,093 members, 7,957,091 topics. Date: Tuesday, 24 September 2024 at 07:00 AM |
Nairaland Forum / Nairaland / General / Business / The Gambler By Kenny Rogers - What Can You Learn? (3446 Views)
Who Is The Richest Gambler In The World? / Earn As You Learn / Biz Opportunity That You Earn As You Learn. (2) (3) (4)
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 2 Likes 1 Share
|
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 1 Like |
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 1 Like |
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 1 Like |
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. 1 Like |
Re: The Gambler By Kenny Rogers - What Can You Learn? by haibe(m): 7:18pm On Jan 09, 2015 |
Pavore9: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: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/ 2 Likes
|
(1) (Reply)
Looking For Glass Frosting, Window Graphics, Office Partitioning Professionals? / Excitement As 200 Traders Win N10m In Enugu State's Empowerment Programme / Cosmetics Business Vs Phone Business
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 31 |