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I think that's stretching the definition of lifestyle business a bit much. Surely not every person who starts a business for the long haul is building a lifesty
by gizmo 15y ago
I think that's stretching the definition of lifestyle business a bit much. Surely not every person who starts a business for the long haul is building a lifestyle business?
A lifestyle business is a business you start in order to live a certain lifestyle. The dictionary definition talks about generating an income that is sufficient to sustain a lifestyle, but no more. Steve certainly didn't start Apple because he wanted to maintain a specific lifestyle.
- nirvana 15y agoI don't know if there's a definitive definition of "lifestyle business", but I've often seen this phrase used derogatorily, on hacker news, to dismiss any business not taking venture capital, not trying to be the next google, or not being built to flip. In a way, Apple is, then, a really good example of a "lifestyle business" as that term is used here. They didn't take a lot of venture capital, they weren't built to flip, and they weren't trying to be the next anything. They focused on long term business success. Choices made based on long term business success (Such as, retaining enough control to make sure the business doesn't get flipped against the founders will) often, on this site, results in the accusation that you're "just building a lifestyle business".
- philwelch 15y agoMaybe leading and inspiring talented people to build world-changing products was Steve's preferred lifestyle.