Once the world’s richest woman, mining and farming magnate Gina Rinehart has offered her personal take on how to make it in business.
The billionaire operator of Hancock Prospecting reportedly said that the key to her success is simple: working longer hours.
And she advised others who want to boost their wealth follow this example.
“Put in a bit more, always be enthusiastic to get extra work, work later, take less lunch breaks, get it done and do it responsibly,” News Corp quoted her as saying at a recent event on the Gold Coast.
“There is no monopoly on becoming a millionaire. If you’re jealous of those with more money, don’t just sit there and complain — do something to make more money for yourself — spend less time drinking, or smoking and socialising, and more time working.”
However, this advice is somewhat at odds with health professionals and business coaches, who generally urge moderation in work hours and a concerted effort on regularly switching off from work to focus on physical and mental needs.
“Although most workers make exceptions to answer after work phone calls and emails for urgent matters from time to time, some fall into the habit of making exception after exception,” explained Reventure lead researcher Dr Lindsay McMillan.
“It can have a devastating impact on our health, our relationships and our quality of life.”
Such is the focus on achieving a balance between working life and other needs, noted Mr McMillan, that other countries such as France have legally mandated “switch-off” time.
As well as encouraging poor work/life balance for their employees, business leaders also risk burning out and facing a “meltdown” themselves, noted Mike Irving of Perth-based Advanced Business Abilities.
“I’m seeing a growing number of 30-year-olds that have spent the past decade working 90-hour weeks, achieving great results in business yet questioning what life is all about,” he said.
Anyone feeling overwhelmed and at risk of burnout can take inspiration from these seven tips to redress that imbalance.
Adam Zuchetti is the editor of My Business, and has steered the publication’s editorial direction since early 2016.