Whenever a company is getting started, one of the inevitable questions they are asked (whether from a reporter, an investor or Joe Schmo), is how they will run their business. To answer this question, people often seek out a ‘recipe for success’, that will guide them to untold fortunes. Alex Payne has pointed out the most common of these and what it wrong with them. His take on how to make a business successful? “It seems like it helps to have a good idea, great people, the willingness to work hard, and an absolute shit-ton of luck.” Seems that way.

[Source: Alex Payne]