In the past I would have opposed the OP's idea but having been in the business world long enough and gotten the opportunity to interact with multimillionaires I agree with your argument. One of the richest men in my country came from a generation of industrialist who thrived on monopoly. They lobby the government and crush whatever competition they face. He is rich in billions of dollars and luck played a role. How? First, he came from a very wealthy family which served to position him to achieve success in business. Second, he is lucky to always have the government on his side against competitions.
There is a reason why the government is always on his side against the competition. Obviously, the government just appears and say they favor that guy against the competitor. There should be underhand tactics in there. There is an effort made so that these officials will side on that person. Not because we don't understand how things is done, it can be called luck. I may say luck probably stroke the guy once but the effort that person made created a stream of possibilities for his business to flourish. You cannot just wait for luck to happen in order for your business to be successful.
At most of consideration for luck, I can say it is the combination of both but at the bare minimum, I can say effort does the trick.
lol. How can you assume like that, until the end of the world you will never be able to feel success if you just hope for luck without any effort. Luck is in the last part after Effort, Creativity and patience in pursuing Business.
For me, luck is a bonus from the hard work done so far. People always wish for good luck after years of trying to achieve success.
Well said, I also think luck is created by effort. In business no effort = no profit. Business does not thrive on luck but on endless hard works and efforts done by the owner.