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Stuart’s entertaining formula for luck

Stuart Lacey was always hearing from people that he must be the luckiest man on the planet.

But the 49-year-old with a string of successes as an entrepreneur, leadership consultant and futurist said he never felt that way.

Kevin Daum, an editor with the magazine Inc., asked Mr Lacey if he had a “recipe” for success. He replied: “No, more like a formula.”

Now, The Royal Gazette columnist and Bermudian author has spelled out his approach in The Formula for Luck, an entertaining 335-page book that draws from his own experiences, his research and that of others, case studies, statistics, and from conversations with “guest stars” who contribute to each chapter of the book.

The key to becoming lucky, he says, is to develop a “luck mindset”, which Mr Lacey calls “the real outcome of the book”.

He added: “That mindset changes everything.”

The Formula for Luck sets out 10 powerful principles for building a luck mindset – curiosity, passion, connectivity, positivity, empathy, adaptability, situational awareness, serendipity, choice, and fail forward.

Those principles are further broken down into habits of luck, behaviours of luck and actions of luck.

When practised individually or together, Mr Lacey writes that the 10 principles “will produce measurable results, making noticeable and positive differences in your daily life”.

Mr Lacey said the book is for anyone who “wants to increase the quality and quantity of their lucky outcomes”.

The founder and director of the Bermuda Clarity Institute, a leadership and management coaching institute in Pembroke, added that The Formula for Luck is also geared towards chief executives, managers and board members, and is “an excellent way to support my business of coaching and leadership advisory services”.

Mr Lacey said he wrote the book in such a way that a workbook could be created to accompany it.

He said: “The book plus the Foundations of Luck Workbook equals a mindset change. The book, workbook and mindset are my gift to people to allow them to change their lives.”

Mr Lacey said the book was not a “small project”, but instead a “very ambitious and intentional delivery of a platform I believe will be accepted on a global basis as a new mindset and way to think”.

Already, there is international interest in the project; Mr Lacey has lined up a speaking tour to Africa, and is negotiating speaking tours to Asia and the Pacific coast of the United States.

Now, Mr Lacey is building out a digital course with content on demand that would allow students to earn an “accreditation in luck”.

Since publication of the book in April, the culmination of a two-year process, Mr Lacey has been facilitating workshops and virtual master classes in “luck”, which he said “are being very well received”.

He added: “I love the feedback we are getting in the master classes and workshops. We are seeing a measurable impact, which is great, because it is a very big part of what we want to be doing in the next few years.”

Mr Lacey said: “Writing the book, I learnt that ultimately you have to be able to measure anything if you wish to improve it. You therefore have to measure luck to be able to understand and then influence luck.”

He added: “The next big move is measuring ‘luck’.”

Mr Lacey has built an online assessment tool, backed by data surrounding how lucky a person is, and might become, based on a relative scale against a wide selection of groupings and classifications.

He is working with technology entrepreneur, strategist and author Salim Ismail, the founding executive director of the global learning and innovation community, Singularity University, and a board member of the global future positive movement, XPrize Foundation, on the impacts of measuring luck.

Mr Lacey said: “We believe it could influence potential hires, stock prices, potential acquisitions and even views on electoral candidates and the predictability of future outcomes.

“Benchmarking luck is where I am taking this now.”

The Formula for Luck is available exclusively on the island at Bermuda Bookstore on Queen Street in Hamilton.

See the assessment tool at www.formulaforluck.com

Stuart Lacey, author of The Formula for Luck (Photograph by Akil Simmons)

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Published August 10, 2021 at 8:06 am (Updated August 11, 2021 at 8:04 am)

Stuart’s entertaining formula for luck

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