If you feel your career is not fulfilling enough, or you have taken the wrong path, think about building a lifestyle business that can support you. If done correctly, they can provide you the freedom, security and flexibility to enjoy life to the fullest.
For people that want to live a certain lifestyle, a full-time job can take away time to pursue that lifestyle and to start up a business can be difficult and expensive. With a lifestyle business, you work for yourself, you earn enough income and to cover your expenses while you have full control to live your dreams.
What Is a Lifestyle Business?
A lifestyle business is a simple concept where you are the only employee; you have the time and freedom to do whatever you want. Being self-employed is about having no one boss you around. It is also about having flexibility to sustain your perfect lifestyle, be it traveling, pursuing hobbies or spending time with your children.
Rather than stressing to make the company big so you can get a return to your investors, the most important part of a lifestyle business is to give a great quality of life to the owner. It is very much less about success and more about living the life you want now rather than later.
Reasons to Start a Lifestyle Business
Start-Ups Can Be Risky
We see the amazing things that happen from start-ups: Instagram and Facebook. However, the reality is that there are hundreds that struggle to make a step in the market. When building a company from scratch, a lot of intense pressure and commitment is dedicated to the business. With lifestyle business, there are few costs needed and it is all about you.
Leave The 9-5 System
The modern society norm is 9-5 which becomes frustrating and tedious. Starting a company will require even more hours in the beginning and then back to 9-5 once you get going. With a lifestyle business, you can choose your hour’s right from the start and decide when and how much you want to work on any given day.
With a full-time job, you have a routine that you must stick to and with a start-up you must work as much as you can if you have investors waiting for success. A lifestyle business provides the opportunity to create your schedule, however, many hours and days you need to work on wherever you want to get what you need to be done.
You can choose where you want to work, be it your bed or a beach in the Bahamas, it’s your choice. As long as you are productive and have the internet, the world is your oyster.
With any job or business, stress will always be there. When you are running or working for a company, however, the amount of pressure, you are under can be extremely stressful on a daily basis. With your own lifestyle business, you are your boss and can set yourself targets to reduce pressure. While enjoying the freedom and things you love to do, life will be a lot more enjoyable and much less stressful.
Not Waiting Years For Profit
Any new business can take a long time to start making profit, no matter how much money is invested from the start. There are overheads that need to be covered, and it can take years before a profit is made. With your lifestyle business, there will be fewer overheads, profit will be made from the start and all the money is yours.
While it will still take effort and time in the beginning to establish yourself, there is a greater chance to make money quicker than larger businesses.
When you are the only one working, you learn many more skills than just working in one field. You will be in control of everything so will have become experienced at everything, gaining many more skills than before. You are in charge of your finances, marketing, sales and more so you will become experienced in all fields of business.