206 Luck In Business
May 24, 2015•17 min•Ep. 206
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Episode description
Are successful entrepreneurs just "lucky"? This episode is about the role of luck in business. Here are some of the ideas discussed:
- The main job of the entrepreneur is to minimise chance and uncertainty. "Luck" is not the basis of success, it is the enemy.
- People confuse the success or failure of a business idea with the success or failure of an entrepreneur's career—they are not the same thing. Successful entrepreneurs have many failures behind them.
- A business is not static. It is not a matter of chance whether it succeeds or fails. You can adapt and change everything about your business as you go, and thereby improve your chance of success with every step.
- There will always be influences that are entirely outside your control. But even those things outside your control can be managed and adapted to.
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