4 Components to Increase Your Luck Value

Have you ever met someone that seems like they have the Midas touch? You know the person I’m talking about. They are the ones that it appears that everything goes their way. From the outside it looks like everything falls into their lap. No effort, just plain luck. You would think that everyone is waiting to grant them their next wish.

If you are honest with yourself these are the type of people that you admire, but probably have a little bit of jealously towards because everything seems to go their way. However, what would happen if the roles were reversed and you could get lucky every time? Here are a few ingredients to increase your luck.

Preparation
To increase your luck value you have to be prepared. It’s without a doubt mandatory to be life long student. You can only blow smoke for a while, until someone catches on. You’ve got to know your product, your market, and your competitor, just to name a few.

A lack of preparation could sabotage your future, especially if you’re at the right place at the right time, but your unprepared.

Exposure
Entrepreneurs that seem to be lucky are professionals at networking. Where they fall short in information, they excel in building relationships. These agents of luck understand the power of an address book. They are constantly networking looking for the right person that they can invest in.

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Perseverance
The most grueling discipline of being lucky is the ability to gut it out and persevere. Learning to take no for an answer and push your way through is one way to set you on your way to obtaining your own Midas touch. Often times what seems like luck is a determination that sets you apart from those that are willing to settle for the status quo.

Action
Lucky people are actually people that do something. They’re not waiting, but daily moving forward towards their goal. They have a plan of attack and they keep working their plan until something happens. They are not sitting back hoping, and wishing, and dreaming that someday it will happen. They get out and work it until it happens.

As you can see, luck just doesn’t happen. It’s built around an ancient recipe and those that put this recipe into motion see progress in their favor. Work it daily and watch your luck value increase.

Written by Jeff Springer

Jeff Springer

Jeff Spring is the Finance & Markets Editor at BusinessPundit.com. He's currently spending his days backpacking across Europe. While he may be living outside of the United States, he stays connected to American financial markets and M&A's more than is probably healthy for any single person. His love of a good book and a Bloomberg terminal can't be understated. He can be reached at JeffSpringer@BusinessPundit.com