When did “lifestyle” business become negative? Heaven forbid your business allows you to enjoy your life. Sounds like another symptom of venturepreneurship.
@ryangraves
The problem is lifestyle businesses usually require a similar level of commitment for extended periods of time to see success. Same stress, less upside.
Then it becomes a question of opportunity cost if you're able to do it vs venture.
(I own two lifestyle businesses)
@ryangraves
Lifestyle vs enterprise business. Yah in my circles lifestyle business can be looked down as as not playing big/maximizing potential. It can be if it’s coming from place of fear. If from place of balance and to truly enjoy life, different bag
@ryangraves
It’s not a negative term, it just means it can’t scale. So it’s difficult for the next level to invest if they can’t see a 5X, 10x, + possibility quickly. Still great for the individual business buyer.
@ryangraves
Haha the other day I tweeted about how I built my startup to get a base salary out of it.
Someone said “it’s not a startup, it’s a lifestyle business”.
SO WHAT, ARE YOU ELON MUSK? 😂
@ryangraves
💯 agree. Some of the happiest people I know have a profitable SMB business kicking off a few hundred grand to maybe a million a year in free cash flow. I think many in the tech/VC echo chamber could benefit by diversifying who is in their real life social network.
@ryangraves
At , we have a multi billion dollar vision AND maintain an abundant lifestyle—4ks+ PTO, no tracked hours, minimal meetings etc.
If we’re trying to create abundance for the world, we can’t deny it from ourselves. We think best on trails, beaches, trips etc
@ryangraves
Well said. I think a no code based SAAS in a niche you know well, with no investors that clears 100k a year without working 9-5 is now a achievable and worthy goal for everyone. Its not all Ycombinator and VC. Lifestyle indeed.
@bubble
#nocode
@ryangraves
I consider myself to be pretty ambitious but would love to start a sustainable lifestyle business one day. not everything needs to be about world domination!
@ryangraves
so as an engineer you get all the bad parts about working at a tiny company with none of the potential upside
Good luck attracting any talent