The word “luck” gets thrown around quite a lot when it comes to business. People often ask “what are lucky colors for business?”, or “what are business lucky charms?” hoping to cheat fate and strike gold for them and their business. This causes us to question, is a business’s success determined by luck or by hard work?

  • How to Attract Luck
  • How to Recognize Lucky Opportunities

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When we look at people like Jeff Bezos and Steve Jobs, we can’t help but wonder if they used a perfect formula to achieve success or if they were truly at the right place at the right time

The word “luck” gets thrown around quite a lot when it comes to business.

People often ask “what are lucky colors for business?”, or “what are business lucky charms?” hoping to cheat fate and strike gold for them and their business. This causes us to question, is a business’s success determined by luck or by hard work.

When we look at people like Jeff Bezos and Steve Jobs, we can’t help but wonder if they used a perfect formula to achieve success or if they were truly at the right place at the right time.

This may surprise you, but many successful people consider themselves lucky. But not in the way we typically think.

To them, luck comes from their own actions and self-development. So, when we develop our skills and through practice, active learning, and dedication, we are preparing ourselves to take advantage of unexpected opportunities, which we can describe as luck.

Those opportunities then allow us to grow and develop our businesses.

For example, founder and CEO of ActionCOACH, Brad Sugars says he focuses on creating his own luck based on the work he does on himself and the work he puts into his businesses.

He also points out that surrounding ourselves with the right people, such as mentors and coaches, positions us to be more equipped to take advantage of ‘luck” when it comes our way.

The more we invest in ourselves and put ourselves in positions to receive luck, the more likely we are to have those lucky opportunities. Once those opportunities come, we are then equipped with the tools and skills we need to turn that lucky chance into a successful venture.

How to Attract Luck

Does this mean we should sit back and wait for luck to strike? No way! While this is a strategy, it’s not a strategy that most successful people do.

Having a clear purpose and a drive to transform our lives breeds success. Being persistent and consistent in taking actions to achieve our goals is also key. The ability to be energized by a failure instead of being defeated by a setback keeps ‘successful’ people open to possibilities.

Make your own luck by working hard and adopting the following traits:

  • Drive
  • Passion
  • Integrity
  • Self-Reliance
  • Optimism
  • Discipline & Will Power
  • Connection
  • Communication

If you’d like to learn more about how to develop these skills, I suggest reading the article, The Formula for Life and Business Success.

How to Recognize Lucky Opportunities

Luck and hard work inspire each other. Consider this, “Hard work starts with inspiration, which often comes in the form of luck. So, when we get right down to it, hard work and luck are inseparable” (Digfly.com, 2020).

Luck can happen to any one of us, but hard work is what we do when luck comes. Keep this in mind and keep yourself open to opportunities. This doesn’t mean you should take any chance that comes your way, because misfortune is just as common as luck.

To discern between luck and misfortune really comes down to your own knowledge. Research every opportunity to determine if it is viable and if it is worth your time and resources to dedicate yourself to that opportunity.

Working with a business coach can help you better discern which opportunities are lucky, and which are likely to fail. If you’d like some guidance to discover opportunities for your business, get connected with a business coach today!