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Beschreibung

The must-read summary of Peter Kash's book: "Make Your Own Luck: Success Tactics You Won't Learn in Business School".

This complete summary of the ideas from Peter Kash's book "Make Your Own Luck" shows that lucky people are not actually lucky; they are simply better at reading the signs of opportunity. The key to long-term success is to recognize coincidences and strands of information that might seem random, but taken together are significant. In his book, the author presents four factors of "luck" creation and explains how they are achievable for everyone. This summary suggests practical ways in which you can look for clues in each area and align them together in order to make your own luck.

Added-value of this summary:
• Save time
• Understand key concepts
• Expand your knowledge

To learn more, read "Make Your Own Luck" and discover the key to spotting opportunities and becoming "lucky".

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Seitenzahl: 41

Veröffentlichungsjahr: 2014

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Book PresentationMake Your Own Luck by Peter Kash 1

Book Abstract

About the Author

Important Note About This Ebook

Summary of Make Your Own Luck (Peter Kash)4

1. The Magic of Coincidence

2. Personal Values – The Foundation of Success

3. There Is No Success Without Some Failures First

4. The Path To Success Is Always Littered With “No’s”

5. When To Make a Leap of Faith – And When To Walk Away

6. The Power of Specialization

7. Putting It All Together

Book PresentationMake Your Own Luck by Peter Kash

Book Abstract

MAIN IDEA

You make our own luck in life by gradually learning how to better read the signs of opportunity knocking. The key to long-term success is to recognize and then seize the seemingly random moments and coincidences that can turn dreams into reality.

In business as in life, there are four factors which are inextricably linked together:

True success – however you personally define it.The basic human values – respect, integrity and trust amongst them.An opportunity for personal development – to feel that whatever you do makes a difference.A personal sense of fulfillment – the satisfaction that comes from doing something to the best of your abilities.

Many people go through life assuming these factors are mutually exclusive – any time you have one, the other three will remain out of reach. In reality, however, these factors are all bound together. A life well lived or a successful business career will, in fact, have all four rather than just one or two. All that’s required to achieve that will be to seize the moments that will present themselves from time to time, and get into action.

“Good luck” doesn’t just happen to someone else. Nor does “the fickle finger of fate” work strictly by chance. Admittedly, there is an unexplainable element which comes into it to some degree, but the majority of the good and bad breaks we get are self-generated. When we learn how to better pick up on the clues that flood our senses every day, we soon realize the world is full of interesting opportunities. Make the most of those opportunities and in effect we are changing our luck for the better. Fail to take advantage of these same opportunities and we miss out on all the benefits that can be derived.

Call it serendipity if you will, but luck is nothing more than opportunity knocking. It’s up to us to open the door and make the most of each opportunity that comes to us.

About the Author

PETER KASH is senior managing director and co-founder of Paramount Capital Inc., a venture capital firm specializing in biotechnology start-ups. He has also taught at the Wharton School of Business and currently serves as a visiting professor at a number of educational institutions, including Japan’s largest college, Nihon University. Peter Kash also serves on the board of directors of the Hedge Fund Association, and has personally raised more than $500 million in venture capital while starting more than a dozen successful companies.

Important Note About This Ebook

This is a summary and not a critique or a review of the book. It does not offer judgment or opinion on the content of the book. This summary may not be organized chapter-wise but is an overview of the main ideas, viewpoints and arguments from the book as a whole. This means that the organization of this summary is not a representation of the book.

Summary of Make Your Own Luck (Peter Kash)

1. The Magic of Coincidence

Main Idea

Unexpected events play an important role in the success or failure of many business projects. Being able to recognize the opportunities implicit in any apparently coincidental event is an essential key to success.

Supporting Ideas

Most opportunities to do business transactions arrive at unexpected times. In fact, they will regularly appear at inconvenient moments, dressed in humble attire as a problem or in some other disguise. For those reasons, many incredible possibilities are ignored or dismissed lightly by people who are unprepared to act.

There is no rational reason to explain why some many business opportunities arise as improbable events or coincidences, other than to say there is a “Web of Life” that unites all humanity. This web constantly brings people together who are pursuing similar projects from different directions. This is true also of all “first meeting” situations – meeting your spouse, meeting a business partner, coming into contact with a highly influential mentor. The odds of these first meetings occurring are so small that there is always an element of magic in such occurrences – as if they were orchestrated by an unseen hand. This is the web of life in action.