Categorized | Business

The Harder You Work, the Luckier You’ll Become

The Harder You Work, the Luckier You’ll Become

By Tom Irmen

One of the advantages of having been self-employed for more than 30 years is the accumulated experiences that you can draw on when making important decisions or when reacting to unforeseen challenges. Many of the decisions and challenges that occurred early in my entrepreneurial experience seemed very daunting. Today most appear trivial. But that’s the value of experience.

One major disadvantage of my more than three decades of experience, however, is that it’s not always easy to relate with today’s new entrepreneurs.

I guess what I recall most from my early self-employment experiences was the fear of failure. While there were numerous examples of those who had gone before me that had succeeded, like so many other new entrepreneurs, I often wondered if they were the exception, and if they were, what chance would I have?

This led to the belief that success in business came largely from luck, a role of the dice. Today I understand that while there is a small degree of luck involved in success, it’s rarely enough to transform a failing business model into a successful one.

I can honestly say that the success in the small business marketplace during the last 33 years came almost entirely from offering customers a quality product and/or service and a great deal of hard work. In fact, I cannot recall a single small business failure that resulted when these two components were present. Not a single one!

If you’re one of those aspiring entrepreneurs who believe that success is entirely determined by luck, you would probably be best served by avoiding self-employment. If, on the other hand, you’re willing to accept my more than three decades of experience and my assurance that I have never witnessed a single small business failure where a quality product and/or service was combined with a lot of hard work, then I think you’re going to enjoy your small business experience and the success that will inevitably result.

The harder you work, the luckier you’ll become.

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