Lifestyle Business – What Actually Is It?

What is a lifestyle business?

We hear the term lifestyle business branded about a lot these days but what does it actually mean?  What is a lifestyle business and what kind of people build them.  I set up my lifestyle business in 2015 because I had spent many years working for someone else and quite frankly I had had enough of it.  My entire life revolved around work and I was too stressed and tired to enjoy life.

I wanted my own business, be able to work from home, and not have staff or have to purchase huge amounts of product. I had heard of people making a living online but had no idea how to get started so  I began to do some research and discovered a lifestyle business was exactly what I was looking for.

People start a lifestyle business to have more freedom to do what they want when they want.  Their aim is to generate enough income to be able to live a lifestyle of their choosing. They have a business that can be automated, run from anywhere where tasks can be outsourced, allowing them the time freedom to be able to live the life they want. All they need is a laptop and an internet connection. Other benefits of a lifestyle business are:

Lower Start Up Costs

Initial start up costs are small compared to a traditional business.  All you need is a laptop and an internet connection.  However the quickest way to success is to invest in an online education and learn all the skills necessary.  Once you have mastered these skills you will have the security of knowing that no matter what happens you will always be able to earn a living online.

More Flexibility

As a lifestyle entrepreneur you have the flexibility to set your own schedule.  For many it is simply to have more time to spend with family and friends.  For others it’s travel and adventure.  I know people who travel around the world and they house swap.  They are not spending huge amounts of money on hotels and can keep their business going from wherever they are.

Less Stress

Reducing stress is the number one priority for a lot of people nowadays as it has been linked to so many health risks.  As a entrepreneur stress is minimized because you only have yourself to answer to.  Of course there will be stresses, but they are nothing compared to working for others or setting up a traditional business where so many other people are involved.

Profitable In Less Time

It generally takes 5 years for a new business to become profitable  An online business if done correctly will be profitable a lot sooner.  However, it doesn’t happen overnight, it does take a  lot of hard work, dedication and self-development to build a sustainable online business. The rewards are life changing.

A lifestyle business is not for everyone but  if you are looking for a more rewarding life and want the time and financial freedom to live life the way you want to then it might be for you. To find out more about how I got started click here to receive a 7 day free video series teaching you how to make a great living online.

 

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