Who works harder?

[Vinh Pham]

Who works harder? The entrepreneur working towards their goals or the employee working towards their promotion?

This is tough for me to answer. I think entrepreneurs put in a lot of time to research, learn, and apply it to their field. Along the way we make many mistakes, and must make many important decisions that will affect our business. The employee works on whatever it is they do and try to be the best at it so they can get promoted. Once they're promoted, they have to continue to climb the corporate ladder. So does hard work mean the same thing for the entrepreneur and the employee?

[Francis McCarthy]

Both the entrepreneur and the employee can work hard, but rewards do not come in proportion to how hard someone works.

Someone can slave away as a labourer in the coalmines of Western Australia, or the accounting offices of Ernst & Young for 30 years, working 90 hours a week, and not be anywhere close to the rewards gained by the hard-working entrepreneur who devotes 3-5 years to building up a company in which he has equity for a multi-million dollar sale.

This is where we are so blessed to live in this day and age, where we can choose the industry in which to create a business, put in the work to build it, and reap the rewards.