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
- 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.