The lifestyle business bullshit (2009)
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The lifestyle business bullshit (2009)
1–10 of 38 posts
Re: The lifestyle business bullshit (2009)
#2Amen. There's more to life than business.
If you want to devote your life to creating and running a world changing business, do it.
If you want to devote your life to your family and kids, and use a "lifestyle business" to fund it all, do it.
Just remember one is not better than the other. To each his /her own.
Re: The lifestyle business bullshit (2009)
#3I think it's mostly investors that make fun of lifestyle businesses. Other entrepreneurs, not so much.
Re: The lifestyle business bullshit (2009)
#4Amen. There's more to life than business. If you want to devote your life to creating and running a world changing business, do it. If you want to devote your life to your family and kids, and use a "lifestyle business" to fund it all, do it. Just remember one is not better than the other. To each his /her own.
I don't think it is that clear, businesses that people to devote their lives to also get called lifestyle businesses. People that aren't taking big rounds of funding, only reinvesting profits. People that don't intend to IPO or be acquired, rather are building a sustainable business.
Whether that is the official definition or not, that seems to be the distinction I have seen around here.
Re: The lifestyle business bullshit (2009)
#5Amen. There's more to life than business. If you want to devote your life to creating and running a world changing business, do it. If you want to devote your life to your family and kids, and use a "lifestyle business" to fund it all, do it. Just remember one is not better than the other. To each his /her own.
I don't think it is that clear, businesses that people to devote their lives to also get called lifestyle businesses. People that aren't taking big rounds of funding, only reinvesting profits. People that don't intend to IPO or be acquired, rather are building a sustainable business. Whether that is the official definition or not, that seems to be the distinction I have seen around here.
Agreed.
My point is simply that either way is fine. There is no right answer here.
Re: The lifestyle business bullshit (2009)
#6Some people don't realize the implications of hours worked on effective wages. If you work more for the same income you are giving yourself a pay cut, and worse a free time cut. If you work less then you are giving yourself a raise, and increasing your free time as well, a double whammy.
Most people have trouble thinking like this though. They lose themselves in their work, filling up their time with trivial and menial work (or even, as is typical, spending a lot of time in the office not actually working very much) instead of trying to maximize their effectiveness. They think that somehow they shouldn't work too little because of some sense of a work ethic based on economic systems that are now outmoded. And too they think that earning a high income while working only a little is too much like being actually "rich". Nobody likes being rich these days, they like the money well enough, but they don't like the idea, they want to justify their wealth with long hours at the office.
Re: The lifestyle business bullshit (2009)
#7First of all, "lifestyle business" is a terrible name. I'd like to know who coined that term?
To my main point - With risk of getting downvoted. Why not think bigger? Building business is hard. Be it local publishing house or web based product serving millions of customers all across the globe. It requires same amount of (to quote Churchill) "blood, toil, tears and sweat". Then why not to swing for fences? In smaller markets chances of survival might be higher but survival doesn't equate to success.
Re: The lifestyle business bullshit (2009)
#8First of all, "lifestyle business" is a terrible name. I'd like to know who coined that term? To my main point - With risk of getting downvoted. Why not think bigger? Building business is hard. Be it local publishing house or web based product serving millions of customers all across the globe. It requires same amount of (to quote Churchill) "blood, toil, tears and sweat". Then why not to swing for fences? In smaller…
> Why not think bigger?
Because the happiness can be bigger. Also thinking bigger the chance of success go down, how many medium and small companies exist?
Re: The lifestyle business bullshit (2009)
#9First of all, "lifestyle business" is a terrible name. I'd like to know who coined that term? To my main point - With risk of getting downvoted. Why not think bigger? Building business is hard. Be it local publishing house or web based product serving millions of customers all across the globe. It requires same amount of (to quote Churchill) "blood, toil, tears and sweat". Then why not to swing for fences? In smaller…
Thinking bigger requires working harder, not working longer.
Re: The lifestyle business bullshit (2009)
#10I think it's mostly investors that make fun of lifestyle businesses. Other entrepreneurs, not so much.
Exactly!