The Poker Business Plan (Part I)
by Dusty Schmidt | Published: Mar 05, 2014
Having a plan can help every poker player. Whether you play in a casino, cardroom, home game, or online, there are great benefits in knowing exactly what you want to get out of poker and how you’re going to get it. Even if you consider yourself a recreational player, it’s a good idea to have a budget for poker and to ensure you can play as much poker as you want without jeopardizing your personal finances. But if you have illusions of playing for a living or for supplemental income, or if you’re a professional player already, then formulating a poker business plan (PBP) is an essential step toward maximizing your profits while minimizing your risk. Why Do So Many Businesses Fail? Most small businesses lose money over their first year or two of existence. They suck wind. Many of these businesses ultimately fail without ever turning a profit, while ...
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