Being at the right place at the right time! A statement used so often that it has almost lost all it’s charm! And still when you give it a thought, it’s so very critical in each of our lives. It’s a simplified version of saying you got a good opportunity on which you could act on. In every phase of life, a few critical such scenarios decide where you are, what you do, who you meet, your lifestyle, your friends’ circle, dreams, ambitions, aspirations… It basically defines or rather redefines who you are.
Generally “being at the right place at the right time” is referred to in the context of being fortunate. Many humble individuals would say they owe it to someone else, usual beneficiaries being god, parents, guru/mentor/boss, friend(s) etc usually in that order. Obviously, there is nothing wrong with it, it’s never completely your capability or lack of it, that you are where you are right now.
The explanation that usually goes behind all of it is the very intriguing concept of “destiny”. For a set of unexplainable & uncontrollable things, it’s a good way to save a lot of profound thinking time! What I am more interested is the set of things that is totally under your control & can actually make a difference. No matter who all you owe the opportunity to or whatever part of the result is due to pure luck, there is this obvious set of things which you have knowingly or unknowingly done or maybe still doing.
Which means that if you bring more right things under the category of ‘things you knowingly do’, you might really stand a chance to make a difference I suppose. From an entrepreneurial perspective, let me list down the most important items, many of which I’m sure will be applicable to other things in life as well.
One of the most important factors, if not the most. Just reflect on your life & you realize that every major breakthrough moment you had in your life, you can trace back to certain key individuals who was instrumental in some way or the other. As an entrepreneur you need to build contacts like crazy. It’s not easy maintaining them but obviously it’s worth the effort provided you are building the right ones. And it’s not just random acquaintances, I’m talking about people who would call you first when they come across a specific set of opportunities or information, people who like you & wish good for you.
Finally what makes one person or entity different from the other is the amount of useful information at their disposal which they could use for their own advantage or for others. You need to have your trustworthy sources of course.
With contacts & information at your side, you need enough knowledge about the sector to think through & decide how exactly you can benefit from the scenario. This is unfortunately something you can’t help but rely on someone else, maybe via books, internet, continuously interacting with key stake holders in the space & keeping yourself updated on what’s happening in the ecosystem.
Putting ideas into action, the point where you put all the above mentioned items in the right proportion & make things happen in the real world!
In a big maze every left & right you take could have a lot of good or bad implications in the future, maybe near term but more importantly the medium & long term ones. You can retrace steps easily if you hit the dead end really early, it gets a lot tougher when you have taken too many wrong turns. For entrepreneurs ‘gut feel’ works the best, I have no clue about the logic behind that but probably because you feel you are the only person responsible for the decision & hence would stand by it no matter what.
f) Risk Appetite
The adrenaline rush is the fun part and stress, restlessness & sleeplessness probably the bad part. But to achieve big things in life you will definitely need to lose a lot of sleep I suppose. But it’s up to you to decide what’s your priority, you should probably not have been an entrepreneur if you thought there were other ways! The art is in managing the risk to whatever extend possible. The function which relates risk & reward is still probably a mystery but it’s obviously got some connection & in the same direction.
Mix all of the above with a lot of positive attitude & you have got a fantastic formula to be at the right place at the right time. You do make your own destiny to a certain extend. Probably the reason why successful people tend to succeed again & again or certain individuals seem to be extremely lucky!