If you are waiting for the stars to align for your next big break, don't bank on it. According to businesswoman and reality TV star Ann Kaplan Mulholland, there is no such thing as luck. "Luck is where preparedness finds and recognizes an opportunity," she told CNBC's My Biggest Lessons. "If you're not open, if you're not aware, you will not recognize when an opportunity comes in front of you," said Kaplan Mulholland. She added that there is also no such thing as bad luck.

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Persons: Ann Kaplan Mulholland, CNBC's, Kaplan Mulholland