MARCH NIBJ: SANDPOINT CHAMBER: LUCK!
Mickey Quinn
Luck is often seen as some magical force that appears to some and not to others. But when it comes to business, luck is much more about preparation and taking action than merely just chance. In business, luck is the byproduct of the work that's done behind the scenes: the planning, the preparation, and the taking of action to take advantage of opportunities when they arise. Preparation is the key to success in business. It involves planning, setting goals, developing a strategy, and ensuring that all the resources required are in place. This includes understanding your industry, knowing and studying your competition, knowing your target audience, and developing a strong business plan. The more prepared a business is the more likely you will be able to tackle obstacles, identify opportunities, and take advantage of them. Luck in business is often seen as being in the right place at the right time, but that is not enough if you are not prepared and ready to take action. We have all heard the saying “Hope is not a strategy.” Well, neither is relying on luck.
There are four key habits practiced by successful companies that help them have good luck. If you practice these four habits consistently, you too can increase your chances of having good luck in your business.
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