Outsiders looking in on successful businesspeople often mistake hard work for luck. When you closely observe the achievements of others, you’ll find that true champions make their own good fortune.
Instead of merely wishing for that pot of gold at the end of the rainbow, consider doing the work of the leprechaun yourself. Discover stories of MBAs and learn from them about how to make your own luck:
Persevere
For years Fiona Adler, a 2006 graduate of the MBA program at Melbourne Business School, toiled away at her startup, Word of Mouth Online, a site for business reviews. She hand delivered flyers to create awareness of the company. Often, Adler says she worked around the clock to answer user questions within a reasonable timeframe. For years, she did not draw a salary. Sometimes, she and her fellow co-founder would question whether the market was too full for their contribution.
“We questioned our sanity of sticking to our vision,” says Adler. “Nevertheless, we kept at it and one by one, our competitors shut down (or ran out of advertising budget), and our business finally became profitable.”
Indeed, several years after establishing the business and developing a community of supporters, wordofmouth.com.au was acquired by a larger company in a trade sale. Today, Adler is working on another startup, Actioned.com, which is a productivity tool for individuals and teams.
Regardless of the business, perseverance is the key to standing when everyone else has fallen, Adler says.
Perspire
Hard work is another way to make your luck. You have to be willing to roll up your sleeves and get your hands dirty if you want to be a success. There are no shortcuts, warns Paige Arnof-Fenn, founder and CEO of Mavens & Moguls, a marketing consulting firm, and a 1991 Harvard Business School MBA.
Arnof-Fenn says she laughs when people suggest she is an “overnight sensation.” She would rather they recognize that it took a lengthy career, with ups and downs, to get to this point.
“Luck can give you a break or opportunity, but you have to do the rest the old-fashioned way through blood, sweat, and tears,” she says. “I commuted 56 miles each way to work for more than three years, worked thousands of miles away from my husband for a big job for almost a year, I worked 80+ hours per week on Wall Street in the 1980s and at three successful startups in the 1990s and early 2000s.”


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