Comments on: In Praise of the Lifestyle Business http://www.getrichslowly.org/blog/2008/05/25/in-praise-of-the-lifestyle-business/ personal finance that makes cents Sun, 08 Nov 2009 12:48:31 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: naveed http://www.getrichslowly.org/blog/2008/05/25/in-praise-of-the-lifestyle-business/#comment-134062 naveed Tue, 27 May 2008 19:37:40 +0000 http://www.getrichslowly.org/blog/?p=1823#comment-134062 Great post. I have a distant friend of mine who works on his own doing real estate. He's a little lazy. But in response to the question "how's business?" - his answer is always "I can't complain one bit." He hasn't "complained" in four years of doing it. He makes enough money to smile and works as little as possible to do so. Attack small just to be happy! Great post. I have a distant friend of mine who works on his own doing real estate. He’s a little lazy. But in response to the question “how’s business?” - his answer is always “I can’t complain one bit.” He hasn’t “complained” in four years of doing it. He makes enough money to smile and works as little as possible to do so. Attack small just to be happy!

]]> By: jtimberman http://www.getrichslowly.org/blog/2008/05/25/in-praise-of-the-lifestyle-business/#comment-133963 jtimberman Mon, 26 May 2008 23:01:14 +0000 http://www.getrichslowly.org/blog/?p=1823#comment-133963 How about a book review of 48 Days to the Work You Love, by Dan Miller? How about a book review of 48 Days to the Work You Love, by Dan Miller?

]]> By: Andrea >> Become a consultant http://www.getrichslowly.org/blog/2008/05/25/in-praise-of-the-lifestyle-business/#comment-133955 Andrea >> Become a consultant Mon, 26 May 2008 21:03:06 +0000 http://www.getrichslowly.org/blog/?p=1823#comment-133955 Elizabeth, I'd be happy to take that up on my blog. I'm not sure I completely understand your question...feel free to elaborate or to shoot me an email. Contact form is on my webpage. Elizabeth, I’d be happy to take that up on my blog. I’m not sure I completely understand your question…feel free to elaborate or to shoot me an email. Contact form is on my webpage.

]]> By: Tim http://www.getrichslowly.org/blog/2008/05/25/in-praise-of-the-lifestyle-business/#comment-133922 Tim Mon, 26 May 2008 13:13:46 +0000 http://www.getrichslowly.org/blog/?p=1823#comment-133922 Glad to hear you'll be addressing entrepreneurship more frequently, J.D.! As you've written before, there are only two ways to increase earnings: Cut expenses or boost revenues. Looking forward to discussions about the "flip" side of the coin :) Glad to hear you’ll be addressing entrepreneurship more frequently, J.D.! As you’ve written before, there are only two ways to increase earnings: Cut expenses or boost revenues. Looking forward to discussions about the “flip” side of the coin :)

]]> By: Elizabeth http://www.getrichslowly.org/blog/2008/05/25/in-praise-of-the-lifestyle-business/#comment-133907 Elizabeth Mon, 26 May 2008 05:09:25 +0000 http://www.getrichslowly.org/blog/?p=1823#comment-133907 I've thought a few times about starting a business, or even just a blog with a few ads for revenue. However, fear of legal issues always stops me. I would love to see an article about what I would need to do to "cover myself" for these issues. My problem isn't "thinking big", it's "thinking small" and wondering how small I can get. If all I want to do is have a small blog with a couple of ads and post about once a month, do I need to create a business and have a lawyer and insurance, or can I just get a blogger account with adsense and stop worrying about it? I’ve thought a few times about starting a business, or even just a blog with a few ads for revenue. However, fear of legal issues always stops me. I would love to see an article about what I would need to do to “cover myself” for these issues. My problem isn’t “thinking big”, it’s “thinking small” and wondering how small I can get. If all I want to do is have a small blog with a couple of ads and post about once a month, do I need to create a business and have a lawyer and insurance, or can I just get a blogger account with adsense and stop worrying about it?

]]> By: Mike Bahr http://www.getrichslowly.org/blog/2008/05/25/in-praise-of-the-lifestyle-business/#comment-133904 Mike Bahr Mon, 26 May 2008 03:39:02 +0000 http://www.getrichslowly.org/blog/?p=1823#comment-133904 Starting one's own business has the potential to pay off big, but popular endeavors like a restaurant are known as "one-stop bankruptcy shops" for a reason. If you want to succeed in your own business, you need to fill a niche that nobody else is filling and nobody else CARES to fill, and then you have to be fairly cutthroat about making sure you dominate your little swimming pool. Do that, though, and your prospects brighten. Starting one’s own business has the potential to pay off big, but popular endeavors like a restaurant are known as “one-stop bankruptcy shops” for a reason.

If you want to succeed in your own business, you need to fill a niche that nobody else is filling and nobody else CARES to fill, and then you have to be fairly cutthroat about making sure you dominate your little swimming pool. Do that, though, and your prospects brighten.

]]> By: Benjamin http://www.getrichslowly.org/blog/2008/05/25/in-praise-of-the-lifestyle-business/#comment-133903 Benjamin Mon, 26 May 2008 03:33:17 +0000 http://www.getrichslowly.org/blog/?p=1823#comment-133903 I know exactly what Hansson means by wanting to hit the lottery! I always had the entrepreneurial spirit even as a kid. I used to hawk golf balls off the local golf course and sell them back to the golfers for $.25 each! My dreams where smaller at the time and I could easily reach my savings goal by spending a solid day selling balls (after all I was only saving for comic books, or GI Joe action figures). However, as I got older my entrepreneurial dreams got bigger but so did my optimism and expectations for success. Starting my own website was a classic example of wanting to "hit the lottery" where my expectations where much larger than my own capability. It has been a humbling experience but I am slowly beginning to learn the value of patience and starting off small. Hopefully, by offering solutions to the little problems, I will once again reach the fullfilment I received selling golf balls as a kid. I know exactly what Hansson means by wanting to hit the lottery!

I always had the entrepreneurial spirit even as a kid. I used to hawk golf balls off the local golf course and sell them back to the golfers for $.25 each! My dreams where smaller at the time and I could easily reach my savings goal by spending a solid day selling balls (after all I was only saving for comic books, or GI Joe action figures).

However, as I got older my entrepreneurial dreams got bigger but so did my optimism and expectations for success.

Starting my own website was a classic example of wanting to “hit the lottery” where my expectations where much larger than my own capability. It has been a humbling experience but I am slowly beginning to learn the value of patience and starting off small.

Hopefully, by offering solutions to the little problems, I will once again reach the fullfilment I received selling golf balls as a kid.

]]> By: leigh http://www.getrichslowly.org/blog/2008/05/25/in-praise-of-the-lifestyle-business/#comment-133898 leigh Mon, 26 May 2008 02:29:41 +0000 http://www.getrichslowly.org/blog/?p=1823#comment-133898 when my husband lost his job, we briefly considered starting up our own business... after all, he was recognized as the best at what he did in the local market. but what scary numbers! in the end we decided against it for many reasons far beyond the financial scope of it all. i knew if he had his own business, he'd never draw the line between business time and family time either. when my husband lost his job, we briefly considered starting up our own business… after all, he was recognized as the best at what he did in the local market. but what scary numbers! in the end we decided against it for many reasons far beyond the financial scope of it all. i knew if he had his own business, he’d never draw the line between business time and family time either.

]]> By: Heidi http://www.getrichslowly.org/blog/2008/05/25/in-praise-of-the-lifestyle-business/#comment-133897 Heidi Mon, 26 May 2008 02:24:45 +0000 http://www.getrichslowly.org/blog/?p=1823#comment-133897 Thanks for the post, JD, and I plan on watching the 30 minute video as well. While my entrepreneurial skills are a bit lacking, I've been trying to work out a way to market my husband in the hard-to-get-a-foot-in world of web development & design. He's a pretty gifted designer but most of the information we can find on actually getting these jobs point to sites where one has to bid, and well, he just can't bid as low as someone from another country can. Any ideas? Thanks for the post, JD, and I plan on watching the 30 minute video as well. While my entrepreneurial skills are a bit lacking, I’ve been trying to work out a way to market my husband in the hard-to-get-a-foot-in world of web development & design. He’s a pretty gifted designer but most of the information we can find on actually getting these jobs point to sites where one has to bid, and well, he just can’t bid as low as someone from another country can. Any ideas?

]]> By: Rich http://www.getrichslowly.org/blog/2008/05/25/in-praise-of-the-lifestyle-business/#comment-133892 Rich Sun, 25 May 2008 23:43:23 +0000 http://www.getrichslowly.org/blog/?p=1823#comment-133892 It's not an article, but the E-Myth Revisited is a very good entrepreneurship book. It focuses mostly on building a business in such a way that it can grow and make money for you (mostly through franchising), but it opened my eyes to some of the work involved in starting a business. It’s not an article, but the E-Myth Revisited is a very good entrepreneurship book.

It focuses mostly on building a business in such a way that it can grow and make money for you (mostly through franchising), but it opened my eyes to some of the work involved in starting a business.

]]> By: Andrew http://www.getrichslowly.org/blog/2008/05/25/in-praise-of-the-lifestyle-business/#comment-133880 Andrew Sun, 25 May 2008 20:36:17 +0000 http://www.getrichslowly.org/blog/?p=1823#comment-133880 Two of the most significant problems with lifestyle businesses is that people do, as you said "do what they love" and "work at their own pace". It is difficult to outperform competitors if you are only giving partial effort (in terms of time) to your business and often times starting a business to do what you love involves much more than just expertise in that domain. Just a thought. Two of the most significant problems with lifestyle businesses is that people do, as you said “do what they love” and “work at their own pace”. It is difficult to outperform competitors if you are only giving partial effort (in terms of time) to your business and often times starting a business to do what you love involves much more than just expertise in that domain.

Just a thought.

]]> By: Tom Printy http://www.getrichslowly.org/blog/2008/05/25/in-praise-of-the-lifestyle-business/#comment-133879 Tom Printy Sun, 25 May 2008 20:30:56 +0000 http://www.getrichslowly.org/blog/?p=1823#comment-133879 Thanks for the link to the video. I am a software guy and find this very interesting. I also like the comment about working shorter hours. I know that I get drained at the end of the week and find it very hard to be creative and write new software. Thanks for the link to the video. I am a software guy and find this very interesting. I also like the comment about working shorter hours. I know that I get drained at the end of the week and find it very hard to be creative and write new software.

]]> By: Carl Benjamin http://www.getrichslowly.org/blog/2008/05/25/in-praise-of-the-lifestyle-business/#comment-133873 Carl Benjamin Sun, 25 May 2008 19:08:38 +0000 http://www.getrichslowly.org/blog/?p=1823#comment-133873 I started doing content writing for Associated Content. They pay you in two ways. First if they except your article, you can make between $3 and $20 per article. Second everyarticle has a chance to make a performance payment over the long haul based on clicks the article gets. This is two streams of income coming in. However they both go into your paypal account. The company is slow but, very dependable. Feel free to check it out by going through the link below. www.associatedcontent.com/join.html?refer=54047 Good Luck I started doing content writing for Associated Content. They pay you in two ways. First if they except your article, you can make between $3 and $20 per article. Second everyarticle has a chance to make a performance payment over the long haul based on clicks the article gets. This is two streams of income coming in. However they both go into your paypal account. The company is slow but, very dependable. Feel free to check it out by going through the link below.
http://www.associatedcontent.com/join.html?refer=54047

Good Luck

]]> By: Hugh Bien http://www.getrichslowly.org/blog/2008/05/25/in-praise-of-the-lifestyle-business/#comment-133871 Hugh Bien Sun, 25 May 2008 18:18:40 +0000 http://www.getrichslowly.org/blog/?p=1823#comment-133871 I went to startup school and I have to say that DHH's talk was my favorite one. A lot of the new startups are giving away their product for free in order to get a large user base and then hoping to flip it or IPO. It's probably because those types of businesses get a lot more press (youtube, facebook, etc..). I went to startup school and I have to say that DHH’s talk was my favorite one. A lot of the new startups are giving away their product for free in order to get a large user base and then hoping to flip it or IPO. It’s probably because those types of businesses get a lot more press (youtube, facebook, etc..).

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