Timing

Strategic thinking takes into account timing. Don’t fall into the trap of anticipating changes by too much. Don’t be right too soon. Being ahead of your time doesn’t work well in business. The early bird gets the worm, but the second mouse gets the cheese!

When investing, Venture Capitalists understand that timing is more important than entrepreneurial talent or product/service feature sets. It is better to be lucky than smart and luck depends on timing.

When Napoleon Bonaparte was criticized for winning battles simply because of luck, he famously responded: “I’d rather have lucky generals than good ones.” When one of Napoleon’s confidants recommended a general as being competent he said, “I know he’s a good general, but is he lucky?”

Work

Luck depends on timing and on hard work. Believe in the value of luck and you will find the harder you work, the more of it you will have.

Hard work pays off.

You don’t get lucky, you get in position.

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