Comments on: Reflection: What Lifestyle Businesses CAN’T DO http://thelifedesignproject.com/reflection-what-lifestyle-businesses-cant-do/ raw real life dismantling of efficient living, automating income, entrepreneurship & living your dreams Fri, 03 Feb 2012 06:23:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: John R. Sedivy http://thelifedesignproject.com/reflection-what-lifestyle-businesses-cant-do/comment-page-1/#comment-674 John R. Sedivy Sat, 07 Aug 2010 21:34:55 +0000 http://thelifedesignproject.com/?p=1434#comment-674 Similar to what you had stated I have found a key difference between lifestyle and other businesses (such as VC funded businesses) is many lifestyle businesses do not have a clear exit strategy. In a lifestyle business owners just do what they do day in and day out. They are generally not open to investor funding, because as you had stated they probably wouldn't know what to do with it, and second they likely wouldn't want to be under an investor's thumb.<br><br>The other types of businesses, such as VC backed businesses are generally concerned with rapid growth of value. Many VC-backed founders know their exit strategy on day one. Create a team, build a product - all while building value in the company so they can cash out and do it all over again.<br><br>Concerning your lifestyle business - why not put some serious consideration into the 10K scenario. If someone handed you 10K what would you do with it? Here's one possibility - hire a design person and content generator to begin work on your second IT Arsenal e-book while you convey your ideas to your design/content generators and ensure they are in alignment with your vision. This would greatly accelerate your product development process (in your case e-books) and provide you with yet another possible revenue stream over time. <br><br>Just some food for thought :) Similar to what you had stated I have found a key difference between lifestyle and other businesses (such as VC funded businesses) is many lifestyle businesses do not have a clear exit strategy. In a lifestyle business owners just do what they do day in and day out. They are generally not open to investor funding, because as you had stated they probably wouldn't know what to do with it, and second they likely wouldn't want to be under an investor's thumb.

The other types of businesses, such as VC backed businesses are generally concerned with rapid growth of value. Many VC-backed founders know their exit strategy on day one. Create a team, build a product – all while building value in the company so they can cash out and do it all over again.

Concerning your lifestyle business – why not put some serious consideration into the 10K scenario. If someone handed you 10K what would you do with it? Here's one possibility – hire a design person and content generator to begin work on your second IT Arsenal e-book while you convey your ideas to your design/content generators and ensure they are in alignment with your vision. This would greatly accelerate your product development process (in your case e-books) and provide you with yet another possible revenue stream over time.

Just some food for thought :)

]]>