3 Ways Entrepreneurs Can Increase Their Luck in Business

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Time catches up with us faster than we think. As an entrepreneur, too much opportunity is squandered while waiting for the metaphorical four-leaf clover of luck to appear. Meanwhile, your prospects dwindle on the vine as you ineffectively struggle to reach your goals by merely hoping for them.

In reality, if you want luck, you have to be in action. After all, how can luck find you if you’re not out there to be found? However, you don’t necessarily need to work harder to achieve success…just smarter. So this spring, it’s time to work smarter and draw luck to yourself. Here’s how.

1. Do More

Inefficiency is the death of productivity and the attainment of that ever-elusive pot of gold. Don’t think you have enough time in the day to get more done? Think again!

Entrepreneurs often labor under the false mindset that they must toil from sunup to sundown, even if the tasks at hand don’t require that much time to complete. This approach is a recipe for burnout and self-inflicted busy work.

Don’t stretch your to-do list to fit the number of hours available. Instead of dragging out a project that could be accomplished in half the time, invest the extra time finding ways to better yourself and your business.

It’s not always easy to recognize one’s own tendency to waste time, so test it out by closely monitoring how long it takes you to cross off daily activities. Know thyself. And once you’ve recovered those precious hours, do more.

Sharpen your skillset by finding and attending networking events. Get out there and get after what you want. After all, there are many valuable reasons why millennials should network.

2. Work on Your Odds

You can’t please everyone.

We’ve all heard this in one form or another, but it’s much harder to live by than to understand intellectually. Believe me, rejection stings even more when you have to learn to embrace it. But it’s worth doing anyhow.

Chances are, the majority of people you encounter will not understand your vision. It won’t matter how unique or compelling it is. Despite this, it’s important to keep sight of the fact that there are those who will “get it,” and encounters with these supporters will outweigh any naysayers.

Don’t let fear of rejection prevent you from seeking out support from others. Use rejection as a source of strength. In fact, let it drive you to put yourself out there even more, increasing your odds of a “yes” to collaboration or funding.

Remember this: If you don’t roll the dice, the probability of a partnership is nil.

3. Give More

In business, we like to imagine ourselves to be lone wolves out in the wilderness, fighting to survive amidst treachery and cut-throat circumstances. The life of an entrepreneur can be extremely stressful, and it’s easy to become self-centered in the face of overwhelming pressure.

But this is a negative way to look at the world, and whether or not you believe in karma, most people agree that positivity can create unprecedented returns.

Let’s dispel the illusion that you can only get ahead by leaving others behind. Stay focused on your goals, but remind yourself that your positivity contributes to an environment that will one day reciprocate it. Go out of your way to be compassionate toward fellow entrepreneurs and colleagues.

On top of that, be mindful that stress can be a detriment to your work life and damage your health. In giving back selflessly, you may find that your stress decreases and new opportunities crop up unexpectedly.

Luck is a finicky achievement at its best and a dangerous delusion at its worst. Somewhere in between, though, is the happy coincidence of hard work, good people, and being in the right place at the right time.

Strive to increase your luck by working smarter, embracing rejection, and spreading kindness!

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