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My point is this: Is it possible to be in the game, do everything as right as you know how, and never have the luck appear?
I try not to think about that, myself.
To answer your question: I think that it's a function of time. You have to persist long enough for some kind of positive luck to visit. Attitude is extremely important. But you should also develop a feeling for identifying a direction that really doesn't make sense, either.
Persist, but cut your losses.
There's a Seth Godin book called "The Dip" that talks about the difficulties and demoralization that one faces right before a major breakthrough.
I have a bit of experience with making this kind of trade-off decision. As you and most everyone here knows, I experimented with a computer service business a few years ago.
I devoted about 8 months to seriously trying to promote this business and identifying myself with that kind of work.
I found recurring themes that I could not get away from: customers that believed that any onsite service was worth up to (but not more than) $75, no matter what you did for them. Small business clients who chiseled me and paid badly and late. Lots of implied insults and sneers from haughty assholes at the chamber of commerce. Incredibly difficult work that was impossible to scope. One incredibly, off-the-charts bad client that I had toward the end of that time period convinced me to stop actively going after the work.
And mainly, I realized that combined with all of the "operational" difficulties, the business itself is a sort of commodity and it's really difficult to differentiate yourself competitively.
So, I experienced 8 months of "dip". That was enough to convince me that it was not a good business to continue.
One thing that I sensed near the end of that period that made me realize that I should not continue was this. I had no better idea how to sell the work and how to detect when a deal would go sour than I had when I started conducting that business. In other words, I was not seeing any professional growth in myself that indicated that I was getting a handle on things.
So that's as good a metric as I can offer for knowing when to pull the plug. IE: do you expect things to ever improve? And how? And if not, then is there anything that you can do to help make them improve? IE, is there any way that you can manufacture yourself better "luck"?
Answers to all these questions were "no".
I have observed afterward in lurking on a mailing list for people that do that kind of work that very few people are successful at it, and my experience was typical tending toward worse than average.
I think that being "in the corridor" should not be constantly unsustainable and demoralizing. Know your limits, including your emotional limits. And there should be SOME element of enjoyment to the business. If there is none, and if you find yourself developing Tourette's syndrome, then it's time to get out.