People who want to be their boss prefer starting their own business, but only if they understand and are inclined to be an entrepreneur. However, entrepreneurs must face various challenges and uncertainties that prevent them from leading a comfortable life with fixed working hours and limited responsibilities. Your business keeps you occupied 24×7 and holidays are a distant dream. Even finding some free time might seem impossible. Work engulfs the lives of entrepreneurs who find it impossible to maintain work/life balance. But it does not mean that all entrepreneurs are workaholics. To maintain a good work/life balance while discharging the entrepreneurial responsibilities without sacrificing the pleasures of life or what they enjoy doing, most people prefer to become lifestyle entrepreneurs.
What is a lifestyle entrepreneur?
Generally, businesses aim to generate revenue and profit, but business perception is entirely different for a lifestyle business. The business aims at altering the entrepreneur’s lifestyle, and the goal is not only to make money. Fulfilling the personal desires and finding happiness in doing things that the entrepreneur like most is the primary motivation for earning money from the business. In short, maintaining an entrepreneurship lifestyle with an emphasis on personal gratification sets lifestyle entrepreneurs apart from other entrepreneurs.
More focus on the rewards of life
The entrepreneur lifestyle pays more attention to life rewards over monetary rewards, the pleasure and enjoyment they derive in fulfilling their desires in doing the business. Only those truly passionate about the work and who enjoy what they are doing are fit to pursue their dream of leading an entrepreneur lifestyle. Making money is not the primary choice as many lifestyle entrepreneurs make less money for the first few years than what they were earning from some conventional jobs. Entrepreneurs who value their lifestyle more than what they earn from business are content to reap the rewards of life, such as freedom, autonomy, flexibility, fun, time, and happiness above all.
Business on the go
Lifestyle entrepreneurs prefer to work online, which allows them the flexibility and freedom necessary to enjoy the pleasures of life. It will enable them to change locations frequently and engage in activities that enrich their lives while balancing their work by working remotely. Many such entrepreneurs live life out of the suitcase to fulfill their desires of seeing new places and meeting new people. They are passionate about their work and create a support system to sustain the business while finding time to pursue their enjoyment. An entrepreneur in New Zealand enjoys his entrepreneur lifestyle by managing his business remotely with a computer and internet while spending most of the time on his luxury yacht. He has created a solid team to oversee the daily operations while providing the leadership to make the business grow.
Not everyone chooses to become a lifestyle entrepreneur. Only those who value freedom and flexibility and are keen to create a lifestyle that gives enough access to the pleasures of life without immersing completely in work to earn money are the right people for the job. A heady mixture of excitement, fun, and freedom best describes the entrepreneur’s lifestyle.
