Want to be rich? Hard work wont get you there.

[theBiz]

Ok now i know i said hard work doesnt matter, ofcoarse it does.

I have seen many people here talking about working hard, doing this etc. I think people really need to stop and think for a second. Hard work and persistence will only pay off if you have a smart plan.

Its almost as if your strategy has a ranking (1-10)
and your hardwork has a ranking (1-10)

Hardwork is hardwork, it does not get compounded.

Once you have a smart strategy hard work only compounds that more and more.


It would be more important to be at a (10)strategy and a (2)hardwork than to be at a (10)hardwork and a (2) strategy.

As you shop around for Christmas look at people getting of nice cars and spending money, do you honestly believe they are the only hard workers? The guy loading up the Christmas tree probably works alot hard then the guy's escalade hes throwing it on top of.

Now dont get me wrong i think any person starting out in business should put in atleast 12 hour days but im trying to make a point, dont kid yourself into thinking its all about hard work, strategy is very very important and without it, you will never be financially free.

So before you start working, sit down and come up with a smart business, a smart way to grow it, and a smart way to run it.

 

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[maximus20895]

Mj covers this in his book as well.

 

[PopEmersen]

Work smarter, not harder


I got that from Duck Tales of all places.

 

[Naneth]

hard work

Working hard to make a good strategy and working hard to implement it, would equate to success.
In order to be successful, you need to work hard.

For new entrepreneurs, you are advised to have a plan. Planning is the first step as it will be your guide. As much as possible try to read on different strategies also. I can share to you this guideline from an experienced entrepreneur.

 

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[puckman]

I would always agree that smarter work is better than brute force, but I would not really agree that having the perfect strategy or idea from the very beginning will necessarily ensure your success any faster, or reduce trial and error. If anything, that idea/strategy will likely change, many many times. And the folks I know who have created massive companies from scratch(usually bootstrapped), usually had a very basic if not ridiculously simple idea when they began, that snowballed. And those folks had no clue or picture in their head they would achieve what that have. I have seen people become wildly wealthy with simple initial ideas like, "I will just sell drop shipped products for my favorite hobby," or, "if I by this duplex, I can pay my mortgage and put some extra money in the bank." And then these guys were extremely hard workers AND extremely smart, and just built on their success. Thats usually the mix.

Idea generation is key though, that is why you constantly have to do it, not just once in a planning session, but multiple times a day, hopefully with other people smarter than you.