Peter Nygard’s philosophy is “The only time you are working is when you wish you were doing something else.” Nygard says he works 16-hour days because he loves what he does.
Apparently this idea of being motivated by your passion can serve you well in achieving your goals.
When Peter Nygard made a deal to get equity in a company instead of a high salary, that was a big risk. He was investing in a company that was not doing so well; and he was taking a risk on being able to turn things around in an industry in which he had no experience.
It has been said that ‘with big risk comes big rewards’. For Peter Nygard, his big risk paid off in a big way.