Do You Need Luck For a Successful Business?

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cloverDo You Need Luck to Have a Successful Business?

It's St. Patrick's Day and the "luck" of the Irish is in the air. There's this mystique around the day and being Irish that implies prosperity or opportunity (4 leaf clovers, horseshoes, lepruchauns with pots of gold, etc.). Along with all the celebrations that happen for St. Patty's day, it's no wonder most people want to be Irish for the day. 

I've heard struggling business owners lament when they compare themselves to more successful business owners they see or hear about. To them, that business owner seems to easily or "magically" attract clients/customers, and therefore "has luck on their side." Or they blame their own lack of success or experience of challenges on "bad luck."

So does "luck" have anything to do with having success in business (or life)?

Yes–and No.

Unfortunately, this belief or viewpoint about needing luck to get what you want only serves to disempower the unsuccessful business owner from creating a different experience for themselves.

Years ago I heard a great definition of luck (attributed to the Roman philosopher, Seneca):

"Luck is where preparation meets opportunity."

This implies that there is both an element of something in our control (preparation) as well as something seemingly out of our control (opportunity).

In my viewpoint, there is also an element to add to this equation, which is ACTION. I find that people are given opportunities all the time, but often fail to act on them because they either don't recognize them as opportunities that could create something in their favor, or because some fear or disbelief prevents them from acting upon the opportunity. 

Thomas Jefferson's quote about luck appears to touch upon this element of action as a part of creating luck:

"I am a great believer in luck, and I find the harder I work, 
the more I have of it."

Yet, his perception still leaves out the synchronistic element of opportunity. And I believe that one is already prepared enough to take action on an opportunity when it presents itself or it would not have presented itself yet.

So in my experience and estimation, a better defnition of luck would be: 

"Luck is what happens when opportunity meets action."

But what allows some people to recognize and act upon opportunites and others to not? Or what seems to generate "good luck" or "bad luck"? And better yet, can you actually "change" your luck?

In doing some research on the topic I came across an interesting article based on a book called "The Luck Factor" by Professor Richard Wiseman, a psychologist teaching at the University of Hertfordshire.

The article, published by SKEPTICAL INQUIRER, The Magazine For Science And Reason, in May/June 2003, shares a summary of Wiseman's 10 years of research into the nature of luck.

"Much of the good and bad fortune we encounter is a result of our thoughts and behavior." More important, he concludes, this "represents the potential for change, and has produced that most elusive of holy grails — an effective way of increasing the luck people experience in their daily lives."

Here are the 4 basic principles that Wiseman found influences people's ability to generate their own good luck:

  1. They are skilled at creating and noticing chance opportunities. Using manifesting techniques and being open to "seeing" synchronistic experiences. 
  2. They make fortuitious decisions by listening to their intuition. Trust your gut and act on it.
  3. They create self-fulfilling prophesies via positive expectation. Setting positive intentions that produce desired results.
  4. They adopt a resilient attitude that transforms "bad luck" or circumstances into "good luck." Ask yourself 'what is the positive way to look at or use this adversity?'

Call to Action

Read the rest of the summary article here or even get Wiseman's book.

Write the 4 principles down and think upon them daily to open your mind to think and "perceive" differently. With time and attention, you too can become one of the "lucky ones."

Do you need help transforming negative, pessimistic thoughts and beliefs into more "luck-oriented" ones so you can create more of what you want and less of what you don't?  Schedule a complimentary MMM Strategy Session with me 
to identify what thoughts and beliefs you are holding that are holding you back from creating more success doing what you love, and share IMMEDIATE steps to take so you can get more clients and make a difference in more lives!

Your partner in success,

Lisa Smith
Marketing, Mindset & Manifesting Coach

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