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Reasons Luck Has Nothing to Do With Business Success

By Brad Smith | Philadelphia Business Journal
|  Friday, Mar 14, 2014  |  Updated 11:23 AM EDT
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Does Luck Have Anything to Do With Biz Success?

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St. Patrick’s Day brings to mind the “luck of the Irish,” and in business, the word “luck” can get thrown around a lot. “Lucky guy” or “lucky idea” can often be heard when someone is talking about successful people and ideas. Merriam-Webster defines “luck” as an “accidental way things happen without being planned.”

True luck plays only a small part in running a successful business. Successful business owners make their own luck by working hard, staying focused on their goals, and making the tough decisions required to grow and succeed.

A person must take steps to get to a place of being considered lucky. I spent some time looking at what traits most successful business owners and CEOs have in common. Here is what I found:

1. They understand there’s no substitute for hard work

There really isn’t. Successful people make a name for themselves because they work hard, learn from their mistakes, and never give up. Successful people don’t quit when things get tough. They remain focused on their goals every day. There’s really no substitute for time, enthusiasm, strategy and execution. This is a valuable lesson for anyone who is a CEO or in management. Keep going. You are bound to make your own luck. Read more about this story on PBJ.com.

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