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Marketing School - Digital Marketing and Online Marketing Tips

Is Luck A Factor In Business #1737

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Business, Marketing, Careers

4.61.4K Ratings

🗓️ 17 May 2021

⏱️ 5 minutes

🧾️ Download transcript

Summary

Is Luck A Factor in Business? In episode #1737, we explore whether luck is a factor in business. Guy Kawasaki said ‘someone once told me that the probability of an entrepreneur getting venture capital is the same as getting struck by lightning while standing at the bottom of a swimming pool on a sunny day. This may be too optimistic.’ This being said, it is wise to prepare well for those lucky breaks when they do come! TIME-STAMPED SHOW NOTES: [00:25] Today’s topic: Is Luck A Factor in Business? [00:37] A Guy Kawasaki quote arguing for the role of luck in success. [01:48] Preparing well for the lucky breaks you do get. [03:05] The value of consistency in creating luck. [03:40] That is it for today! [04:10] Go to marketingschool.io/live to join our community!   Links Mentioned in Today’s Episode:   Guy Kawasaki   Leave Some Feedback:     What should we talk about next? Please let us know in the comments below Did you enjoy this episode? If so, please leave a short review.     Connect with Us:    Neilpatel.com Quick Sprout  Growth Everywhere Single Grain Twitter @neilpatel  Twitter @ericosiu Learn more about your ad choices. Visit megaphone.fm/adchoices See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Welcome to Marketing School, the only podcast that provides daily top level marketing tips

0:06.4

and strategies from entrepreneurs that practice what they preach and live what they teach.

0:11.8

Let's start leveling up your marketing knowledge with your instructors Neil Patel and Eric

0:16.8

Sue.

0:17.8

All right guys, before we start, we got a special message from our sponsor.

0:24.1

If you want to rank higher on Google, you got to look at your paid speed time.

0:28.6

And fast your website loads the better off you are with Google's Corvital update that

0:33.2

makes it super, super important to optimize your site for low time.

0:37.7

And one easy way to do it is use the host that Eric and I use dream host.

0:42.1

So just go to dream host or Google it, find it, check it out, and it's a great way to

0:47.1

improve your low time.

0:48.6

Today, we are going to talk about if luck is a factor in business, right?

0:56.1

So I think we're talking about the economy here is is Neil luck versus hard work, right?

1:01.6

So I'm keen to know from your side first, where do you think luck fits in with business?

1:06.7

I'm going to read this quote by Guy Kawasaki that'll pretty much sum up what I think.

1:11.8

Someone once told me that the probability of entrepreneur getting venture capital the

1:15.4

same is getting struck by lightning while standing at the bottom of a swimming pool on

1:20.1

a sunny day.

1:22.2

This may be too optimistic.

1:25.3

Wow.

1:27.3

So the way I look at it is luck is a huge factor and most people will not have it.

1:34.0

And if I had a pick between hard work and people grinding it out to succeed versus luck,

...

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