How to Start Building a Lifestyle Business

One term that has been gaining in popularity in recent years is lifestyle business. Lifestyle business is a kind of business that aims to give you the freedom to live the lifestyle you want. The goal is not to make a lot of money, but to have freedom. The freedom will then give you space to live the lifestyle you want. Three Criteria of a Lifestyle Business Since the goal is freedom, a lifestyle business should meet three criteria: Location independence. This means that you can work on your business wherever you want. You are not constrained to a certain place. If you want to work on a tropical island, then you can do that. If you want to work on a mountain, that’s also possible. Time independence. This means that you can work on your business whenever you want. There are no office hours that you must abide to. Plus, in my case, I require that there is no deadline from an external party (for example, a client). Having such a deadline means that I don’t have complete control over my time. Passive income. This means that you don’t have to keep working to earn money. If you want to stop working for, say, one month, you can do that and the money will still come. Ideally, you should meet all three criteria, but it’s up to you. For example: if you value location independence but don’t mind having deadlines from your clients (as is the case with online freelancing), then that’s fine. Just choose the degree of freedom that works for you. Personally, I aim to meet al...
Source: Life Optimizer - Category: Consumer Health News Authors: Tags: Working Source Type: blogs