Hard Work != High Output
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The purpose of work is to produce high output. A good way of working should be measured by how much positive output it generates.
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Long working hours do not equal high output. There is a magnification factor between the two. Working hard does not necessarily mean producing more.
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Working time cannot increase indefinitely, and most people have roughly the same amount of it. The greater difference lies in working efficiency and the magnification factor.
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One lesson I have learned from entrepreneurship is that improving your individual capabilities is only one part of the equation. You also need to place yourself in a high-leverage environment that magnifies the impact of your decisions.
Working Hard -> Moving Fast?
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Working hard does not necessarily mean moving fast. On the contrary, when working hard, it is easy to become absorbed in the details and lose control of the overall pace.
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As a result, you may end up working harder while moving more slowly and making more mistakes. This can happen when you care more about the individual than the company as a whole, or more about implementation than the quality of important decisions.