Building a Lifestyle Business
Building a lifestyle business gives you the freedom to work the hours you want to work when you want to work them. The operation of the business runs alongside your life and supplements income for travel.
Maybe you have a skill that you can teach others in an online course, or, a membership site. You might have an idea for a product that you can sell and generate revenue – there are lots of ways to create a lifestyle business.
Work on your passions
While building your lifestyle business you have to be focused, dedicated and want to wake up and work hard. If your business is based around your passions in life, this will make it more enjoyable and you’re much more likely to succeed.
Don’t quit your job before you have your business off the ground and generating revenue. Plan to spend at least one year prior to focus on building out the business plan, test different strategies, and make this your side hustle.
Building a business does not happen overnight
It’s important to know that building a business and making money online is not going to happen overnight, so like me, you might have to freelance until you are in a position where your lifestyle business is generating an income that allows you to work on it full-time.
You’re going to need patience, focus and self-belief that you can make a success of the business. Plan to spend at least 12 months on building the business, and creating content should be the focus to attract your target audience. Don’t believe the hype that making money online is easy, or, al you have to do is create a blog and write.
Build your goals
The first step is knowing what you want your lifestyle to look like. What do you want to accomplish in your business? The goals we are referring to are personal goals: what you personally want to happen by starting your business.
When defining your goals, consider the following: The amount or extent of freedom that you want with respect to your personal life. This relates to financial freedom, location freedom, and time freedom. The level of income that would be enough to support the lifestyle that you want. Knowing this beforehand will help you going forward.
Think long term
Is your business idea sustainable? Is technology going to disrupt your business in the future? What is your end goal, do you want to sell the business in the future? All of these are important questions to think about while planning your lifestyle business.
We’re going to go into much more detail in my monthly email.
We’ll give you the actionable steps that you will need to take to get your lifestyle business off the ground. Share with you the types of lifestyle business you could build, and what skills you will need to make it a success.
Join our free community and learn
We’ll take a look at the steps needed to get a business off the ground and all you have to do is subscribe by entering your first name and email address in the form opposite. Let’s help you get that lifestyle business and ideas off the ground.