this post was submitted on 08 Feb 2024
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[–] [email protected] 7 points 7 months ago (2 children)

What's a lifestyle business?

[–] [email protected] 9 points 7 months ago

It means it becomes your life. If you want a day off, you have to close, or run at a loss to hire staff.

Usually a lifestyle business can only just sustain the owners. Adding employees makes them not profitable.

Many, many businesses are like this. Often if there are staff in a small business, the owner draws a smaller wage than the staff.

[–] [email protected] 8 points 7 months ago

It's like things that look like you're doing something, but would fall apart if you actually did it. Like lifestyle shoes. Looks like running shoes. But if you ran a mile in them, they would self-destruct.