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I don't think it's a matter of "hating" lifestyle businesses. It's just that most normal people don't see a 1-man operation as a "business". They assume that
by rmah 16y ago
I don't think it's a matter of "hating" lifestyle businesses. It's just that most normal people don't see a 1-man operation as a "business". They assume that if you don't at least have plans to grow, you're just trying to puff yourself up. My guess is that if you said you were a "contractor" or "consultant", there would be less antipathy.
That said, why should you care? If you're happy being a 1-man shop, just laugh at their "hate"!
- lol 16y agoLifestyle businesses aren't 1-man operations. There are lots of "lifestyle businesses" that make reliable two comma incomes.
- BerislavLopac 16y agoSorry, but why should a lifestyle business be a one-man operation? As I see it, a lifestyle business is a regular company like any other, with employees and everything -- but with no plans (or even possibilities) for huge growth, acquisition or IPO. Simply, a business which allows its owner to get a sizable salary without much work, but would never bring them millions in a liquidity event.
- byoung2 16y agoExactly. When I think of lifestyle businesses, the examples that come to mind are dentist offices, hair salons, and family restaurants. Usually the customers personally know the owner, and the business thrives because of it, but it's impossible to scale.
- LargeWu 16y ago20% of all small businesses in the US have only one employee. Why wouldn't you consider somebody operating as a contractor or consultant a small business owner? That's precisely what they are, whether they have an office or a storefront, or not.