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What makes an entrepreneur – luck or skill? (8)

11-19-2014 01:37 PM #1 nt2000 (Member)
What makes an entrepreneur – luck or skill?

Interesting read worth a share.

http://www.ft.com/cms/s/2/dcef8160-5...#axzz3JWcI4mfP

11-19-2014 02:23 PM #2 andyvon (AMC Alumnus)

Good article, execution >>>>>>> ideas!

11-19-2014 05:44 PM #3 caurmen (Administrator)

"A good plan violently executed now is better than a perfect plan executed next week."

- General Patton

One of my most-used quotes ever.

Honestly, a fairly shoddy plan enthusiastically executed now is usually better than a perfect plan executed at some point in the future, too.

11-19-2014 06:39 PM #4 nt2000 (Member)

A very nice quote!

11-19-2014 06:50 PM #5 johna5150 (Senior Member)

Ha. always good to hear a quote from General Patton-- my grandfather actually knew him personally and fought with him, and I got to meet many of his men who all had an imitation of General Patton (they all still loved him). Patton actually had a high pitched, squeaky voice, not a booming, George C Scott voice, yet despite his "handicap" went on to become probably the best American fighting general of all time.

My grandfather, Col. Dan C. Alanis, commanded the 51st Armored Infantry Battalion of the 4th Armored Division, Patton's favorite division in the 3rd Army because of its aggressiveness. If you ever watched the HBO show "Band of Brothers," it was the 4th Armored that relieved the 101st Airborne when they were encircled by the Germans at Bastogne during the Battle of the Bulge.

If you ever need a little motivation by reading, check out Patton's famous speech to the 3rd Army delivered before the Normandy landings: http://genius.com/Gen-george-patton-...army-annotated



Quote Originally Posted by caurmen View Post
"A good plan violently executed now is better than a perfect plan executed next week."

- General Patton

One of my most-used quotes ever.

Honestly, a fairly shoddy plan enthusiastically executed now is usually better than a perfect plan executed at some point in the future, too.

11-20-2014 01:27 AM #6 xckt56 (AMC Alumnus)

"Market Timing Is a Skill, Not Luck" - http://altgate.com/blog/2008/12/mark...-not-luck.html

Best book I've read on this topic - http://www.amazon.com/Success-Equati...dp/1422184234/

11-20-2014 08:38 AM #7 cmdeal (Veteran Member)

In any endeavour, luck certainly plays a role. However, with repeat entrepreneurs who have had multiple successes in different industries, it is hard to deny that there is a lot more to their success than sheer dumb luck.

11-20-2014 10:03 AM #8 caurmen (Administrator)

@johna5150 - very cool.

@cmdeal - "I think luck is the sense to recognize an opportunity and the ability to take advantage of it. The man who can smile at his breaks and grab his chances gets on." - Samuel Goldwyn

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