Where opportunities come from

Jim Collins says that “Return on Luck” is one of the significant factors in extreme success.

It is not that successful companies or people have more luck… it is how they follow through on their lucky breaks that makes the difference.

One person might meet someone who could open a door of massive opportunity… but doubt and confusion mean that they don’t pursue the chance.

Another might meet the same person… and have the motivation, vision and competence to take the opportunity and turn it into a gold mine. Whether you are lucky or not today, you can invest in developing your clarity of vision, your competence, your network of trusted relationships – to be ready to maximise your return on luck when an opportunity comes to you.

Where Opportunities come from

“Stand in the traffic”

Prof Paris de l’Etraz, IE Business School, Madrid

Whilst luck is not controllable… there is something that I can do to increase the chances of lucky breaks occurring.

Prof Paris de l’Etraz of IE Business School in Madrid teaches a course on managing your life. One of his sessions is titled “Stand in the Traffic“. He says that it is important to place yourself physically and mentally where many opportunities are likely to flow. Your sofa at home is comfortable… but no opportunities are flowing past. If you spend your days at a business school… a lot of people, ideas and opportunities flow past.

Lucky Opportunities tend to be Stumbled Upon

The author of the Atomic Habits book, James Clear, has a wonderful weekly email newsletter. Here is a thought that he shared on opportunities…

from James Clear…

“Lucky opportunities tend to be stumbled upon, not handed out. 

If you’re waiting for someone to hand deliver an excellent opportunity to you, it’s unlikely to happen. But if you are exploring and moving—if you’re in the mix and engaged—then you’ll stumble upon many opportunities. 

The active mind comes across a lot. Keep tilling the soil and you will occasionally unearth something wonderful.”

Have a great Sunday.

If you liked this post, you will also like How to be Lucky (4 ways to improve your luck) and Serrendipity.

The 3 Levels of Employee

I’ve been reading about habits recently, and James Clear’s book Atomic Habits and his regular newsletter have been a great source of practical ideas. If you want a review of what I have learnt, yesterday’s livestream centred on the theme of Changing Habits.

In a recent edition of James Clear’s newsletter, he shared 3 levels of Employee:

  • Level 1 — You do what you are asked to do.
  • Level 2 — Level 1 + You think ahead and solve problems before they happen.
  • Level 3 — Level 2 + You proactively look for areas of opportunity and growth in the business, and figure out how to tap into them.

From James Clear’s May newsletter.

Livestream Session: Changing Habits

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