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This question is about careers.
What is a lifestyle business?
A lifestyle business refers to an entrepreneurial venture that centers around an individual's passions or interests and allows them a great deal of freedom in terms of how they operate it. Lifestyle businesses are often formed off the back of an individual's passions or hobbies, this includes activities like:
Writing
Photography
Film
Art
Blogging
Teaching
Coaching
Cooking
Training
Lifestyle businesses are typically formed to generate a certain amount of income for the founder, so they can choose to focus on more pleasurable lifestyle choices.
Lifestyle businesses have been gaining in popularity in recent years as they afford the opportunity for their founders to work at something they are passionate about and have a healthy work-life balance. The reason it is called a lifestyle business is because it is meant to create the ideal lifestyle for the particular founder of the business.
Long-term goals might include business expansion, however, more often lifestyle businesses have the main priority of maintaining a specified amount of income and continuing a certain kind of lifestyle.
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