We are reviewing the ten most important factors that will determine your success (or not) as an entrepreneur.
OK, we have come to the last of our ten factors for predicting your success, or not, as an entrepreneur. And now we are up to an intangible - LUCK.
What role does luck play in the success of an entrepreneur? Well, let me start by saying that any successful person who does not attribute some part of their success to luck is not being honest with him/herself. Luck is a broad category of things that can go right or wrong - over which no one has total control. The fact is that you could be doing everything right, and then WHAM some unforeseen factor (economy goes south, you have a health issue, a loved one needs your help) WHACKS you right between the eyes.
True, the mark of an entrepreneur is an ability to recover from any setback - and most do. But, there is always that big bang kind of issue that would floor any of us.
So how do we maximize our chances that luck will be on our side? We keep doing all the right things, all the time, and while we keep our eyes open to the intangible, we don't change our playbook hoping for good luck or worrying about bad luck.
Movie producer Samuel Goldwyn is supposedly the author of a very famous quote about luck:
"The harder I worked, the luckier I got."
And Abraham Lincoln said:
"I will study and get ready and perhaps my chance will come." In other words, Abe was preparing for the possibility that things would break his way. And, if they did, he would be ready!
So, the best you can do - and in fact you should do anyway - is work as hard as you can, prepare for your success, and not think about luck. It will find you one way or another - and you just need to be ready.