“Lipmo is an acronym for “Luck is preparation meets opportunity.” Luck is a word that is constantly used to define fortune or fortunate events. The misconceptions that many of us have are that people “run out of luck” or that some of us are luckier than others. The phrase that the acronym stands for gives the opposition to these traditional definitions. Lipmo embodies the idea that every individual has control of his/her own destiny. Luck is a mono-syllabic utter which is heard when speaking of the greats whether positively or in attempts to demean achievements. This Oft-used word can be easily substituted by other words. For example the word “success” fits in very well. Basically, preparation aka hard work and planning mixed with an open window of opportunity can bring you success beyond your wildest dreams. Achieved success would not want to be downplayed by being called luck. So, for all that use the word luck; expand your vocabulary in accordance with the Lipmo dictionary and when you say luck think success, achievement, and entrepreneurship!”