{"id":1756,"date":"2019-09-30T12:00:39","date_gmt":"2019-09-30T12:00:39","guid":{"rendered":"https:\/\/www.virtuousbookkeeping.com\/?p=1756"},"modified":"2021-04-26T13:02:03","modified_gmt":"2021-04-26T13:02:03","slug":"superstitions-that-entrepreneurs-values","status":"publish","type":"post","link":"https:\/\/www.virtuousbookkeeping.com\/demo\/superstitions-that-entrepreneurs-values\/","title":{"rendered":"Crazy Superstitions That Entrepreneurs Surprisingly Value"},"content":{"rendered":"

Even though we have come a long way in terms of technology and science since superstitions ruled us, many of us choose to trust them like an instinct. Perhaps surprisingly, entrepreneurs and business owners have a lot of superstitions that affect their decision-making. They are often deep-rooted traditions in a person\u2019s upbringing and provide an illusion of control in an uncertain business world. Statistical evidence<\/a><\/strong> shows that 33% of people feel that finding a penny is a sign of good luck, while 21% think knocking on wood prevents bad luck and so on.<\/p>\n

According to psychologist Stuart Vyes<\/a><\/strong>, author of Believing in Magic: The Psychology of Superstitions,<\/em><\/p>\n

\u201cThey also come from the uncertainty of life \u2013 if you have something you desire that you cannot make sure will happen<\/em>\u2026\u201d<\/em><\/p>\n

Are Superstitions Beneficial to Business?<\/strong><\/h2>\n

Be it bookkeeping<\/a><\/strong>, accounting, interior design or coaching, there is always a risk factor associated with business. That is why a strong eye should be kept on profit and loss margins to ensure consistent cash flow<\/a><\/strong>. There is a lot of stress and pressure associated with managing these. Particularly when you lead a startup, there may be times when you are desperate enough to do anything to benefit your business, even if it has no logical backing. It is all about the sense of comfort that results from doing all you can to turn fortune to your favour.<\/p>\n

Vyes explains this tendency this way:<\/p>\n

\u201c\u2026[T]here is a tremendous amount of randomness in the market and people seek ways to gain control over these events, even though they can’t\u2026What you wear that day, the coffee that you drink \u2013 these things can’t affect the outcome of the day’s business, but people engage in this [behaviour] to feel like they’ve done every possible thing to manage the outcome.”<\/em><\/p>\n

An experiment by scientists at the University of Cologne showed that superstitious beliefs can<\/strong> boost performance<\/strong><\/a>. The subjects who were equipped with good luck charms performed better than those whose charms were confiscated. While superstitions did not directly have a role to play, the confidence and self-belief they induce in some people helped them perform better.<\/p>\n

A few perks of superstitions for business owners:<\/p>\n