206 Luck In Business

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.