Solitary Hard Work vs. Leverage

Most people think that to create personal wealth requires hard work. These same people work hard from 9-5 and get paid for their results.

Consider the construction worker or waitress who engages in hard physical labor for their wages. They believe that building wealth is a solitary effort and they crave recognition for the efforts they contribute.

Entrepreneurs know that leverage, not hard work, is what creates wealth. They enlist the help of people in their personal network who have specialized skills, allowing each to work less and achieve greater combined results.

Entrepreneurs take tasks, break them into their component steps, and then outsource any fungible steps. They use tools like Upwork.com or Freelancer.com to send pieces of the work to onshore or offshore specialists who can do them faster and at a lower cost.

It is not the recognition that drives entrepreneurs either, but results. The entrepreneur will readily exchange credit for money.

Do you view work as a solitary effort or as a team effort to leverage expertise?