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You Need Luck To Start A Succesful New Business

By Bard Amundsen writing for sciencenorway


From the article,

A new company that is lucky and manages to secure a larger contract can often experience major positive long-term effects. Many years later, such companies have on average 20 per cent higher turnover than similar entrepreneurial companies that only just lost out on contracts. The ‘lucky’ companies also have an average of 20 per cent more employees. Researchers at the Department of Economics at the University of Bergen have looked at the winners of tender offers by the Norwegian Public Roads Administration.

Read the full article at sciencenorway