Many think the key to success is a plentiful supply of capital. Growing companies do need cash, of course. And good ideas, timing and experienced management are important, too. But one or more of these elements won't create the highest probability of success. In fact, for some entrepreneurs, having money means they can afford to fail.
Successful entrepreneurs get their best results by using whatever resources are available.
Since these vary, there are as many formulas for success as there are successful entrepreneurs. We often perceive success as a derivative of what we have. However, the real reason some succeed against all odds is embedded in how they think. Many highly successful entrepreneurs start with nothing. Education, money and experience, if available, come later.