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How much does luck factor into business?

How much do you equate to "luck" for either success or failures at your company? What are some examples?

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Jeffrey Summers
President, Summers Hospitality Group
Posted on Dec. 1, 2010
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I belive in luck playing a small role but nothing happens until someone decides to act on it. Louis Pasteur said, "Chance favors only the prepared mind."

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