Luck vs Strategy – How to Win in Business and Life

Success can mean many different things to different people. It can be getting a promotion at work, getting someone to fall in love with you, winning the lottery, or even achieving smaller goals such as running a mile in under six minutes. However, regardless of what success means to an individual, everyone wants to be successful.

Everyone is wondering how to succeed and how to achieve their goals. Some may argue that it all comes down to luck, but a more proven method is developing a winning mindset.

What is success?

The meaning of success can be considered a philosophical question, but it all comes down to an individual and their goals. It can be love, social status or career goals, but it typically means money and the financial freedom that comes with it.

Money is often referred to as the ‘root of all evil’, but it is an answer to most of the world’s problems, so it is natural for people to look for ways to get rich quickly. Whether that is possible, and whether there are any ways to earn money quickly and easily, is debatable, but it might be possible if you’re lucky enough.

Gold prospecting is one of the acts that may support the argument that luck is an essential factor. In 2023, an Australian amateur gold digger found a nugget worth over $160,000, and some may say that it was pure luck. However, even in this case, his success was partly due to his knowledge of where to look for the gold, so strategy and skill played a part.

There is also the debate of whether we should focus on luck vs strategy in gambling, where some may argue that they’re not doing well because they’re unlucky – or is it perhaps because they don’t have the right strategy?

Luck or strategy?

Some people believe that finding a four-leaf clover or a dime must mean that this will be their lucky day, so their chances of winning the lottery should be greater. Perhaps it might happen, but ultimately, luck is nothing more than success brought by chance and not by an individual’s actions.

It is worth noting that studies have shown that those who think that they’re more likely to achieve something by pure chance tend to win more. So, perhaps this is an area that we have yet to understand fully.

Should we, therefore, leave everything to chance and hope that we were born under a lucky star? The short answer is no.

Even though people can get lucky and accomplish their goals by pure luck, it’s far healthier to develop a winning mindset and work toward your goal by doing things that will help you achieve it. Whether it’s putting in the time to research a sports match before placing a bet or working hard at a job to get the promotion, it’s always better to have a strategy in mind than hoping that success will come by chance or that your horoscope sign will maximize your luck.

However, for those whose idea of success is winning the lottery, which is a pure game of chance, waiting for that lucky day might be the only thing to do.