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Maybe I'm wrong, but I've always considered "lifestyle" business to refer to something that pays your salary, but that doesn't really grow beyond maybe hiring a
by jasallen 12y ago
Maybe I'm wrong, but I've always considered "lifestyle" business to refer to something that pays your salary, but that doesn't really grow beyond maybe hiring an admin or two. Something like an Insurance Agent type of scope.
- aggronn 12y agoAs an example, most web consultancies are not meant to be high growth startup type businesses, but its apparent that many grow to be fairly sizable. There are lots of large botique organizations, for instance companies that specialize in RoR development, which can employ 30+ people while still being owned entirely by a single person who expands the business organically to accomodate demand.
- jasallen 12y agoYeah, I wouldn't really consider that a lifestyle business, maybe I'm wrong, but I guess I think there is a middle ground between lifestyle business and "high growth/big exit" business.