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Showing posts from September, 2014

Are successful businessmen just lucky?

I believe most entrepreneurs have this conversation before, "Are successful people just lucky?".  I have talked to many businessmen who have made it and they attributed a big portion of their success to luck.  I have also talked to some who haven't made it and they were also attributing it to the lack of luck.

Some of my friends argued that it is plain luck since everything is uncertain in the business world and some of these people are just "lucky".  My counter-argument to them would be, are you saying that if Warren Buffet, Bill Gates, or Richard Branson were to start a new business (assuming that they have no access to their established network and wealth), it is as good a chance to succeed as any random person from the street?

After a few conversions on this topic, I decided to write about some of the conclusions that I have come to.  First of all, I believe even for a seasoned entrepreneur like Richard Branson, there will still be a few failures if he was…