Price of Luck

A lot of entrepreneurs actually attribute their success to luck. But is it possible to attract luck consistently? Is there really such a thing as being lucky in business? I believe that there is a formula to attracting luck. It is actually directly attributed to a price. Let me introduce to you the PRICE needed to bring luck consistently into business.

P for Preparation – Be prepared. Attend seminars and lectures on how to improve your business. Join associations and other organizations that will allow you meet new people. Constantly keep up with the latest trends in your business. This will allow you to respond to any opportunity that suddenly gets thrust your way. Dr. Armand Hammer said, “When I work fourteen hours a day, seven days a week, I get lucky.”

R for Reputation – Develop a good reputation for you and your business. Your reputation is an unspoken business card. It allows you to be recalled top of mind whenever people ask about your business sector. Henry Ward Beecher said, “I never knew an early rising,  hard working, prudent man, careful of his earnings, and strictly honest, who complained about bad luck.”

I for Integrity – Develop business ethics. Stand by your word. Be responsible for all your actions. Potential business partners will be eager to develop alliances and relationships with you. “Good luck is often with the man who does not include it in his plans.”

C for Consistency – Be consistent in all your endeavors. This will make you predictable. It allows customers to rely on your business and potential partners to get a good feel for your business. Carl Zuckmeyer said, “One half of life is luck, the other half is discipline – and that’s the important half, for without discipline, you would not know what to do with luck.”

E for Enterprising – Think out of the box. Be open minded. Be willing to explore new situations and new solutions to conventional problems. This will allow you to spot the hidden silver lining in all situations, and create innovative ways of mining it into something productive. Ralph Waldo Emerson said, “Shallow men believe in luck, strong men believe in cause and effect.”

This is the PRICE that entrepreneurs know is needed to consistently attract luck. Luck does not happen by chance. If you don’t believe me, you can agree with Jean Cocteau who said, “We must believe in luck, or else, how do we explain the success of those we don’t like.” But my personal favorite comes from the founder of the biggest burger company of the world, Ray Kroc, who said, “Luck is a dividend of sweat.”

Let’s follow the examples of these ordinary individuals as they strive to make a difference. Each week, lets all get together and share knowledge, stories, experiences, information, all for the sole purpose of getting One Step Up.

For comments, suggestions or stories that you want to share, email me at stirspecialist@ gmail.com ,  or visit  www.stirspecialist.blogspot.com .