Whoever has, more will be given: the silent role of luck in entrepreneurship
The narrative of entrepreneurial success is incomplete without acknowledging the significance of luck and variance to help many entrepreneurs in turning their original idea into a viable business. photo | FOTOSEARCH
Strathmore Centre for Value of Investing, Strathmore University
In the modern world, success stories in entrepreneurship tend to focus more on skill and proper planning while in most cases there is a huge part that chance plays.
Recently, I encountered Amina who is a prominent entrepreneur. Having embarked on a journey to establish an organic food manufacturing business, she focused on locally sourced snacks. Amina started her venture during a period of heightened climate variability. In one scenario, the region experienced irregular rainfall, leading to crop shortages and increased prices for many raw materials.
