| What is your definition of the word
| |
| | investment in equity in these firms. And
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| "luck", not the Webster's Dictionary
| |
| | yet, none of the accused executives knew
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| definition, your definition? Is it being
| |
| | anything about what was going on (they
|
| in the right place at the right time?
| |
| | claim) inside their businesses while they
|
| Picking the right dealer in a casino?
| |
| | were taking tens of millions of dollars
|
| Turning up at a party where you meet your
| |
| | in annual compensation. Responsibility is
|
| current wife (could be good or bad
| |
| | an endangered quality in a modern world
|
| luck)?Entrepreneurs seem to be so lucky,
| |
| | that has embraced the psycho-babble of
|
| so often. People see their success and
| |
| | endless victimology!If I was the Earth
|
| attribute much of their good fortune to
| |
| | Czar, and could re-engineer one physical
|
| luck. What luck that they thought the
| |
| | feature of the human body, it would be
|
| idea would work. The luck of the Irish
| |
| | this: the palm of every human being's
|
| for old Doyle, don't you think? It was
| |
| | left hand would have a small mirror
|
| his great good luck to file that patent
| |
| | permanently attached. And everyday,
|
| when he did.The passengers in life
| |
| | several times per day, we could look at
|
| attribute so much of fate and successful
| |
| | the mirror and see the reflection of a
|
| outcomes to random luck. "Lightning
| |
| | man, or a mouse. Successful people,
|
| strikes for others, just never me," is a
| |
| | including every fine entrepreneur I have
|
| bromide that covers the view of people
| |
| | ever known, assume full responsibility
|
| that are perpetually success challenged.
| |
| | for every decision that they take. The
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| The masses that think like this can not
| |
| | assignment of blame on another person, or
|
| see, or comprehend, that luck has little
| |
| | an outside condition is a diversion.As
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| to do with achieving real success as an
| |
| | human beings we have the unique ability
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| entrepreneur.In business, luck is
| |
| | to make choices, free will and the
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| created. Luck generally evolves from
| |
| | ability to reason. These tools are denied
|
| capitalizing on a risk taken.
| |
| | every other form of life. A lion or a
|
| Entrepreneurs are not passengers: they
| |
| | fruit fly operates solely on a
|
| are drivers. The drive to succeed and
| |
| | pre-programmed set of instincts. A lion
|
| overcome obstacles inherent in attempting
| |
| | is nor responsible for what it kills. It
|
| to create any new business requires
| |
| | is on earth to kill. However, if a person
|
| drive, courage, and passion. Not
| |
| | kills, they are solely
|
| luck!This is not to say that luck never
| |
| | responsible.Entrepreneurs assume full
|
| occurs and is not appreciated. It does
| |
| | responsibility for their success, and
|
| occur and it is appreciated. However,
| |
| | failure. The luck so many would subscribe
|
| when luck rears its happy face it is
| |
| | to a successful entrepreneur is actually
|
| usually the confluence of hard work
| |
| | a manifestation of the ability to make
|
| bumping into opportunity! If an
| |
| | reasoned decisions and abide the
|
| entrepreneur accidentally bumps into a
| |
| | consequences of those
|
| funding source while enjoying a latte
| |
| | choices.PerseveranceImagine a boy,
|
| tomorrow morning at Starbucks, is this
| |
| | dreaming of playing and starring at
|
| luck or the result of a business
| |
| | professional football, and suffering 10
|
| proposition that is properly seasoned?My
| |
| | years of indignity, disappointment and
|
| experience is that entrepreneurs create
| |
| | failure in trying to achieve this goal.
|
| luck by stirring a unique brew of
| |
| | After an average high school career,
|
| personal qualities. Some or all of the
| |
| | playing in a rural town with no exposure,
|
| following traits are obvious, in every
| |
| | he is not offered a single scholarship to
|
| success from the Wright Brothers to Mary
| |
| | a Division-1 NCAA school. He plays for
|
| Kay Ash. These qualities are the true
| |
| | four, largely undistinguished years at a
|
| ingredients required that make luck
| |
| | small school in Iowa. After graduating,
|
| occur.ConfidenceEvery entrepreneur is
| |
| | the National Football League does not
|
| perpetually afraid. The fear of failure
| |
| | draft him and he is not offered a free
|
| is palpable. They can not stand the
| |
| | agent tryout. He goes to work in a super
|
| thought of failure and will do anything
| |
| | market and catches on with an Arena
|
| possible to avoid it. The need to succeed
| |
| | Football League team. The pay per game is
|
| is demonstrated in a confidence that they
| |
| | $400.Interestingly, his growing success
|
| develop in their novel product, their
| |
| | in the Arena Football League over several
|
| ultimate success, and the benefits their
| |
| | seasons makes his name at least a point
|
| product will produce for consumers.
| |
| | of conversation in one NFL office. He is
|
| Confidence smothers fear. Fear creates
| |
| | scouted, thought to be a bit too old but
|
| inertia. Failures are always afraid, to
| |
| | maybe worth a test in NFL Europe. After
|
| try, to fail, to be criticized. The
| |
| | one very successful season in Europe, he
|
| confidence necessary to succeed in a
| |
| | is invited to a NFL training camp. As
|
| brutal marketplace is earned through hard
| |
| | camp began, he was listed as the fifth
|
| work, study, preparedness and finding
| |
| | quarterback on the team's depth chart. An
|
| answers to obstacles.We all have doubts.
| |
| | injury to a quarterback, then another
|
| However, successful entrepreneurs
| |
| | quarterback injury, and now third on the
|
| overcome fear and doubt and grow in
| |
| | depth chart, he has realized his dream.
|
| confidence as they master their task. The
| |
| | He is signed to a contract.Now the tale
|
| confidence earned is a great key to
| |
| | could end here. He is a real NFL
|
| attainment of success. There is no luck
| |
| | quarterback. Goal achieved. However, our
|
| involved.Learn From MistakesMy first
| |
| | struggling quarterback has persisted and
|
| sales manager had only three basic bits
| |
| | now that he has made a team he wants to
|
| of wisdom for a youngster starting out on
| |
| | play, and knows, really knows that he
|
| a sales career:1. Make all of the
| |
| | will be a star if given a chance. It
|
| mistakes you must, once!2. Study and
| |
| | takes another season, a few more injuries
|
| learn from each mistake you make!3. If
| |
| | and he gets his shot. At the age of 28 he
|
| you are torn between choices, and face a
| |
| | leads his team to a Super Bowl
|
| choice that might lead to a mistake, make
| |
| | championship, is the league Most Valuable
|
| the most aggressive choice!Everybody
| |
| | Player, is named All Pro and signs a
|
| makes mistakes. Coca-Cola brought out New
| |
| | multi-million dollar contract.Kurt
|
| Coke and almost murdered a world famous
| |
| | Warner, our quarterback, is the most
|
| brand. Merck was seriously harmed by the
| |
| | unlikely of football successes. Every
|
| failure of the prescription drug Vioxx.
| |
| | college team, every scout and every
|
| What was the Ford Motor Car Co. thinking
| |
| | professional team missed on him. In a
|
| in 1958 when the Edsel was introduced?
| |
| | sport where players are computer rated,
|
| There was the matter of a President of
| |
| | graded, tested, weighed, timed, quizzed
|
| the United States and an intern. Pete
| |
| | and probed from high school onward not
|
| Rose has lost his almost certain place in
| |
| | one assessment rated him a player of
|
| the Baseball Hall of Fame over
| |
| | potential. And yet, he is one of the best
|
| gambling.The key is not the mistake, but
| |
| | players in professional
|
| learning from and not repeating the
| |
| | football.Perseverance can not be taught.
|
| mistake. The only way we avoid mistakes
| |
| | Some people quit at the first sign of
|
| (almost impossible in all but the most
| |
| | trouble. Edison tested over 1000 versions
|
| sedentary lives) is to never try anything
| |
| | of the light bulb before he perfected his
|
| new. Entrepreneurs are always going to
| |
| | invention. Kurt Warner would not listen
|
| try. The successful ones make aggressive
| |
| | to the experts telling to get on with his
|
| mistakes, learn from their errors and
| |
| | life's work and that work would not
|
| this minimizes the probability of repeat
| |
| | include football. He made his own luck
|
| errors.A baseball player is considered a
| |
| | through work, sweat, sacrifice and
|
| star if a .300 batting average is
| |
| | perseverance.Geoff Ficke has been a
|
| achieved. This means that failure is a
| |
| | serial entrepreneur for almost 50 years.
|
| result 70% of the times they bat. Players
| |
| | As a small boy, earning his spending
|
| hate to make outs. No one could succeed
| |
| | money doing odd jobs in the neighborhood,
|
| at baseball unless they seek and obtain a
| |
| | he learned the value of selling himself,
|
| psychological comfort zone that enables
| |
| | offering service and value for
|
| them to filter and balance the mistakes
| |
| | money.After putting himself through the
|
| in making outs and the positives they
| |
| | University of Kentucky (B.A. Broadcast
|
| learn from making a base hit.
| |
| | Journalism, 1969) and serving in the
|
| After an out is made, players can not
| |
| | United States Marine Corp, Mr. Ficke
|
| wait for their next trip to the plate to
| |
| | commenced a career in the cosmetic
|
| get another chance. This is the way
| |
| | industry. After rising to National Sales
|
| entrepreneurs think after a mistake is
| |
| | Manager for Vidal Sassoon Hair Care at
|
| made.ResponsibilityA Congressman drives
| |
| | age 28, he then launched a number of
|
| while drunk, crashes his car, hits a
| |
| | ventures, including Rubigo Cosmetics,
|
| parked police vehicle and then claims
| |
| | Parfums Pierre Wulff Paris, Le Bain
|
| amnesia. Did the dog ever eat your
| |
| | Couture and Fashion Fragrance.Mr. Ficke
|
| homework? The NBC television news
| |
| | and his consulting firm, Duquesa
|
| magazine 20/20 has run several shows
| |
| | Marketing, Inc. ( has assisted businesses
|
| showing men using the inter-net to
| |
| | large and small, domestic and
|
| organize meetings hoping to conclude a
| |
| | international, entrepreneurs, inventors
|
| sexual encounter with very young girls.
| |
| | and students in new product development,
|
| The men, caught in the act, always deny
| |
| | capital formation, licensing, marketing,
|
| intent, knowledge or responsibility. The
| |
| | sales and business plans and successful
|
| top executives at Global Crossing, Enron
| |
| | implementation of his customized
|
| and Adelphia scandalously bankrupted
| |
| | strategies. He is a Senior Fellow at the
|
| their huge businesses, costing thousands
| |
| | Page Center for Entrepreneurial Studies,
|
| of employees their jobs and pensions and
| |
| | Business School, Miami University,
|
| millions of investors lost their
| |
| | Oxford, Ohio.
|
