Startup vs. Lifestyle Business
"To me, a lifestyle business doesn’t equate to running a tiny business as an alternative to having a job. A lifestyle business doesn’t have to be small at all, either in revenue or employees. The main requirement of a lifestyle business is just that it allows the entrepreneur/owner to live how he or she wants to live now, while running the company."
"With VC money in your bank account, you jump on the all-or-nothing train."
Came across this interesting article which puts things in perspective and maybe a lot of Indian entrepreneurs and founders need to rethink their next move. I know the new India is about aggression and the go-getters and definitely we need them and celebrate them, but maybe we ALL aren't built like that. I meet a lot of young entrepreneurs who have a great idea and plan in place but are trying to fit it to the Startup high growth rate road-map and setting themselves for huge disappointment.
Do Startup mentors and Entrepreneur training schools inform and guide entrepreneurs towards this business model?
Disclosure - Growing up I always looked up to people who started a business to run it. They didn't necessarily have certain growth numbers in mind. The investments were well thought out and the assets were created over time. Founders who were making a business to run it rather than exit it.