Luck is often seen as an intangible factor in success, and for entrepreneurs it can be an unpredictable and uncontrollable element. While some may believe that luck is a major factor in entrepreneurial success, the reality is that luck is only one part of a much bigger equation.

Successful entrepreneurs understand that luck is a part of the equation, but they also recognize that hard work and strategic planning are essential to achieving success. For example, entrepreneurs who have achieved success often have a clear vision of what they want to accomplish and a plan for how to get there. They may also have mentors or advisors who can provide guidance and support during the journey.

Luck can also play a role in the success of an entrepreneur. For example, entrepreneurs may find themselves in the right place at the right time, or they may come across an opportunity that they wouldn't have found otherwise. However, it is important to note that luck alone is not enough to guarantee success. Entrepreneurs must be able to recognize and capitalize on opportunities when they present themselves.

One example of an entrepreneur who benefited from luck is Richard Branson. In his early days, Branson was able to secure a loan to start his business, Virgin Records, despite being rejected by numerous banks. This loan allowed him to build his business, and he was later able to expand and create the Virgin brand.

Another example of an entrepreneur who harnessed luck to their advantage is Steve Jobs. Jobs was able to secure the funding he needed to start Apple, and he was also able to find the right people to help him build the company. Jobs was also able to take advantage of the emerging technology market and create a successful business.

These examples demonstrate that luck can be a factor in entrepreneurial success, but it is important to note that luck alone is not enough to guarantee success. Entrepreneurs must be able to recognize and capitalize on opportunities when they present themselves.

Entrepreneurs can also make their own luck by taking deliberate steps to increase their chances of success. For example, they can network with people in their industry, research potential markets, and develop strategies to increase their chances of success. Additionally, entrepreneurs can take advantage of resources such as incubators and accelerators to help them get their business off the ground.


In conclusion, luck can be a factor in entrepreneurial success, but it is important to remember that luck is only one part of the equation. Successful entrepreneurs recognize that hard work and strategic planning are essential to achieving success, and they are also able to recognize and capitalize on opportunities when they present themselves. Additionally, entrepreneurs can take steps to make their own luck by networking, researching potential markets, and taking advantage of resources such as incubators and accelerators. By taking these steps, entrepreneurs can increase their chances of success, regardless of how much luck is involved.