The nuances in the business jargon we use every day gets lost in translation sometimes. This is especially true when it comes to the actual difference between labor and entrepreneurship. Believe it or not, these two components are very different in practice.
Simply put, labor is generally thought of as those manual, physical tasks that make the working world actually work. Examples of labor are filling out a mountain of monotonous paperwork or moving new office furniture into your building. Labor is work for your body that doesn’t take a great deal of creativity or brain power. Alternatively, entrepreneurship is work for your mind. If you’re designing a new ad campaign from scratch so that you can roll out a new product, you’re implementing the work of your mind from your entrepreneurial skill set.
The key idea to remember here is the relationship between labor and entrepreneurship. Although the work is inherently different, any experienced entrepreneur knows how they fit together in the grand scheme. Oftentimes there can’t even be entrepreneurship without some degree of labor, and the same thing goes for labor without entrepreneurship (admittedly to a lesser extent). Labor can manifest in different ways, from stress levels to heartfelt emotions. Being an entrepreneur can take a major toll on your well-being. That’s why you should always know when to forgo one form of labor for another: You have to know when to work smarter.
by: Charles Jackson,