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The Luck Of The Entrepreneur

Friday 14 March, 2008

What sometimes appears to be luck is actually the result of well laid plans and strategies that are finally coming to fruition.

You often hear about entrepreneurs getting lucky - getting on Oprah or selling their business for $50 million to a big conglomerate. When you hear these stories of seeming overnight success, it makes you think, "Wow, they are sooo lucky". But every time you hear the story of an entrepreneur's big win, you are probably not going to hear about the 100 times before that when they failed, but trust me, they did.

What allowed them to eventually get to their big win? They didn't beat themselves up after they failed, nor did they let it make them fearful of taking future risks. Instead, they viewed each small failure as simply a stepping-stone on the path to success.

The good news is you can improve your luck. When you recognise that there is no such thing as "the overnight success story" and instead make the goal each day to move the ball one step closer to your goal, you'll increase your odds every day. If so-called good luck is really just persistence, creativity and determination that have finally paid off, there are some ways to stack the deck in your favour.  

  1. Feel lucky

    Appreciate the good fortune that you already have. Gratitude is one of the most powerful forces we have to improve our state of mind and the state of our lives. Appreciation of what you have going for you will show in everything you do. When you are positive and feel lucky, others will perceive you the same way. Opportunities will naturally start to find you.

  2. Don't wait until you're ready

    Sometimes it may feel like it is more prudent to wait until the timing is just right, or until all of your ducks are in a row and the stars have aligned before you make your move, but this is really just your fear talking, trying to rationalise procrastination.

    You can't sit in your office and wait for luck to find you. There are rainbows of opportunities everywhere. Don't worry if you don't feel ready to chase them. When you find the proverbial pot of gold, you'll be ready. If your business is worth going for, it is worth going for now!

  3. Use information and skill to increase your odds

    You can give yourself a natural advantage in anything you do, by increasing your knowledge in that area. Read books, go to seminars, study what those that have achieved success have done and apply that to your own situation.

    Learning is a solid investment that will pay off in perpetuity, but remember knowledge only becomes powerful when you choose to do something with it. So don't stop with just knowing, apply your skills by doing.

  4. Make gutsy decisions

    In order to win big, you have to put something on the line. It is never wise to take irrational risks, but carefully considered risks can lead to big returns. So be bold in your actions. Anything worth doing is worth doing big. Big results require big actions.

Author Credits

Elizabeth Gordon, Flourishing Business. For more information about how you can build your business with the help of a supportive team, visit the web site: www.flourishingbusiness.com
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