How Entrepreneurs Can Make Luck Work

Every entrepreneur has heard that success requires the right combination of skill, experience, timing and luck. But that last, intangible piece of the formula has always been tricky. “He just had a run of bad luck,” explains away an excusable business failure, while the opposite expression serves as a backhanded compliment from a jealous competitor. Over the past decade, some observers have begun to understand luck not as a random, uncontrollable phenomenon but more as a behavior that happy, successful people employ, whether consciously or subconsciously.