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How Not to Run a Business
Luck In Business: Why your success isn't all about your ability | Ep 45
Every wondered why some people seem to be make success look easy and you struggle? There's a reason why, and when you realise what it is, it will blow your mind!
In this episode I discuss the role of luck in business and how it relates to success. I emphasise that success is not solely defined by material possessions and status, but rather by achieving one's own version of success. I explore the concept of luck and opportunity, highlighting the importance of taking action and creating opportunities for luck to occur. I share a personal example of luck in my own business and encourage listeners not to compare themselves to others.
Takeaways
- Success is subjective and can be defined differently by each individual.
- Luck and opportunity play a significant role in the chances of success.
- Comparing oneself to others can lead to feelings of inadequacy and self-doubt.
- Taking action, creating opportunities, and persisting are key to increasing the chances of success.
Chapters
03:00 - Defining Success
06:11 - The Role of Luck and Opportunity
08:35 - The Concept of Luck in Business
12:23 - Personal Example of Luck in Business
14:21 - Comparing Success to Others
More episodes
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52. How to Review Your End of Year | Ep 52
21:52||Season 1, Ep. 52Year-end reflections can be painful. I am here to make it less so. In this episode of How Not to Run a Business, I’m talking about the mental and emotional challenges of looking back on your year as an entrepreneur and small business owner.I’ll walk you through the seven common mistakes people make when reviewing their year, and how to approach it with a clearer perspective. We’ll cover things like:Balancing the good and the bad – because it’s rarely all one or the other.Making sense of your finances without getting overwhelmed.Setting goals that are actually achievable.Recognising what was within your control and what wasn’t.The value of getting an outside perspective and documenting your progress properly.Reflection doesn’t have to feel like a punishment or a pointless exercise. Done well, it’s an opportunity to acknowledge your achievements, learn from what didn’t go to plan, and prepare for the year ahead with a bit more clarity.So, if you want to start the new year on the right foot, this one’s for you.#smallbusiness #entrepreneur #smallbusinessowner #sales #motivation__________________I’m Jeremy Jacobs. I have been an entrepreneur for 20 years and built a seven-figure business. I now help entrepreneurs and business owners do the same through my content and coaching programmes.💪🏼 Get weekly strategy, tips and guidance on how to build your businesshttp://jeremyjacobs.co.uk/newsletter/🏆 Work with mehttps://jeremyjacobs.co.uk/work-with-me/🙌 Connect with me on LinkedInhttps://www.linkedin.com/in/jeremyjacobsuk/51. 7 Reasons You Hate Sales in Your Small Business and 7 Ways to Love It | Ep 51
34:45||Season 1, Ep. 51In this episode, I’m tackling something that makes many small business owners squirm—sales. If selling feels awkward, pushy, or just plain scary, you’re not alone.I’ll share seven reasons why we struggle with sales and how to reframe your mindset to make it feel more natural—and enjoyable. It’s all about helping people, celebrating small wins, and finding a style that works for you.If sales has ever felt like a necessary evil, this episode is for you. Tune in and start selling with confidence!#smallbusiness #entrepreneur #smallbusinessowner #sales #motivation__________________I’m Jeremy Jacobs. I have been an entrepreneur for 20 years and built a seven-figure business. I now help entrepreneurs and business owners do the same through my content and coaching programmes.💪🏼 Get weekly strategy, tips and guidance on how to build your businesshttp://jeremyjacobs.co.uk/newsletter/🏆 Work with mehttps://jeremyjacobs.co.uk/work-with-me/🙌 Connect with me on LinkedInhttps://www.linkedin.com/in/jeremyjacobsuk/50. How to Build a Business That Doesn't Need You | Ep 50
18:03||Season 1, Ep. 50What if your business could thrive without you constantly holding it together? In this episode, I’m sharing my thoughts on building a company that operates independently of you, the owner.I reflect on my journey—the highs, the struggles, and the lessons I’ve learned about tying my identity too closely to my business. I’ll talk about why delegation, systemisation, and planning for the future are crucial steps to creating a sustainable business model that works and gives you the freedom to live a better quality of life.#businessgrowth #entrepreneurlife #delegation #worklifebalance #businesssuccess #smallbusinesstips #entrepreneurship #entrepreneur #smallbusiness #sme #smallbusinessowner #leadershipdevelopment #businessownerlife #scalablebusiness__________________I’m Jeremy Jacobs. I have been an entrepreneur for 20 years and built a seven-figure business. I now help entrepreneurs and business owners do the same through my content and coaching programmes.💪🏼 Get weekly strategy, tips and guidance on how to build your businesshttp://jeremyjacobs.co.uk/newsletter/🏆 Work with mehttps://jeremyjacobs.co.uk/work-with-me/🙌 Connect with me on LinkedInhttps://www.linkedin.com/in/jeremyjacobsuk/49. I made £125k in Three Weeks - Five Lessons for Every Entrepreneur | Ep 49
16:12||Season 1, Ep. 49In this episode, I reveal the five key lessons I learned from making £125,000 in just three weeks! 🚀 From understanding market demand to the secrets of customer retention, I break down exactly what helped me grow fast and maintain success. Don’t miss out if you’re ready to level up your business game! 🙌 #smallbusinessowners #founders #entrepreneurship #smallbusiness #growth #founder #entrepreneur #startup __________________I’m Jeremy Jacobs. I have been an entrepreneur for 18 years and built a seven-figure business. I now help entrepreneurs and business owners do the same through my content and coaching programmes.💪🏼 Get weekly strategy, tips and guidance on how to build your businesshttp://jeremyjacobs.co.uk/newsletter/🏆 Work with mehttps://jeremyjacobs.co.uk/work-with-me/🙌 Connect with me on LinkedInhttps://www.linkedin.com/in/jeremyjacobsuk/48. 5 Steps to Get Your Business Out of Debt | Ep 48
20:00||Season 1, Ep. 48In this episode, I share my personal experience of tackling business debt and the hard lessons I learned along the way. I walk through five essential steps that can help any entrepreneur facing financial difficulties.We’ll talk about why looking after your mental health is a priority, how to get a clear understanding of your financial situation, and the benefits of seeking professional guidance. I also cover the difference between good and bad debt, cutting back on expenses, practical ways to increase revenue, and how to restructure debt to get back on solid ground.If you're dealing with financial struggles or just want to be better prepared, this episode is for you.47. 5 Systems You MUST Have In Your Business Right Now! | Ep 47
36:51||Season 1, Ep. 47Want to know the five essential systems that could make or break your business? In this episode, I’m breaking down the exact systems every business owner needs to have in place. I’ll walk you through the tools I personally use, why these systems are critical, and how they’ll help you run your business like a well-oiled machine. Don't wait – the longer you go without these, the harder it gets! Tune in now and start refining your approach before your competition does!46. Ghosting in Business: 7 Reasons & 7 Strategies to Deal With It | Ep 46
23:03||Season 1, Ep. 46In this episode, I dive into the intriguing and often frustrating topic of ghosting in business. Have you ever been ghosted by a client, colleague, or business partner? You're not alone. I'll share my personal insights and experiences, shedding light on why ghosting happens and offering valuable strategies to cope with it. Whether you're trying to understand the phenomenon or looking for ways to handle it gracefully, this episode is packed with practical advice and heartfelt wisdom. Tune in to discover how to navigate the silent treatment and maintain your professional peace of mind.44. High School Drop Out to $100 Million Dollar Revenue: Mike Fata | Ep 44
56:18||Season 1, Ep. 44Join me, Jeremy Jacobs, in this incredible chat with the awesome Mike Fatter, a fellow Canadian entrepreneur who turned his business into a jaw-dropping nine-figure success! 🚀 We're diving into the real stuff – starting a business, overcoming imposter syndrome, and just being authentic. 🌟 Mike spills the beans on his personal journey, sharing the magic of continuous improvement and bouncing back from failures. 💪 This isn't your typical success story; we're challenging the norm and redefining what it means to win or learn. 🌈 Get ready for a mind-blowing conversation that's packed with insights to elevate your own journey. 🎙️ Don't miss out on this episode – it's your ticket to transforming how you see business and life!Ready to transform your approach to business and life? Don't miss this episode packed with wisdom and motivation! Takeaways Success is not just about financial achievements; it is about living your best day every day.Having a plan and being intentional about how you spend your time is crucial for achieving success and happiness.Quality should be a core value in business, and it is important to make tough decisions to maintain high standards.Imposter syndrome is common, but it should not hold you back from pursuing your goals and sharing your unique talents.Embracing authenticity and being true to yourself is key to finding your own version of success. Chapters 00:00: Introduction and Background03:18: Starting a Business and Overcoming Challenges04:43: Defining Success and Setting Goals07:07: Creating Your Best Day Ever08:20: The Importance of Work-Life Balance10:44: The Relationship Between Money and Success17:22: The Role of Mentors in Success22:40: The Importance of Quality and Making Tough Decisions25:34: Overcoming Imposter Syndrome34:58: Embracing Authenticity and Unleashing Your Superpowers37:49: Dealing with Failure and Embracing Continuous Improvement46:11: Embracing Failure and Learning49:02: The Meaning of Failure52:50: Resources for Entrepreneurs Resources and links from the episode: https://www.mikefata.cahttps://www.fatafleishman.orghttps://www.mikefata.ca/grow-unstoppable-entrepreneur