There’s a big chance that you know many young people who already resent their jobs and just want to retire. Nowadays, it feels like all we’re bound to do is just work, and while working is a big part of life, it certainly should never be all of it.
That’s exactly what’s so attractive about the idea of becoming a lifestyle entrepreneur. You work on your own terms, whenever you like, for as long as you like. You get to make your work and life balanced. But is that truly all that it entails?
In this blog post, we will take you on a journey to learn more about what a lifestyle entrepreneur is, the benefits of becoming one, and what you have to do to “earn” this kind of job.
What’s a Lifestyle Entrepreneur?
A lifestyle entrepreneur is a person who starts a business with the sole purpose of making enough money to change his lifestyle. The idea here is not to make more money or get rich. In fact, it’s common for lifestyle entrepreneurs to make less money for the first few years after quitting their “standard” job.
Being a lifestyle entrepreneur is all about getting an opportunity to enjoy life more: be able to go on trips when you want to, rest when you need to and focus on your true passion in your spare time. Some of the rewards this kind of a lifestyle provides are
- Autonomy
- Time
- Freedom
- Flexibility
Unlike a typical 9-5 job, where you just work from the office or from your home every day, you get to work from anywhere by being a lifestyle entrepreneur. Since most of the work is typically done online, the only requirements for you doing your job are having an Internet connection and a laptop. Because of that, lifestyle entrepreneurs are never bound to a city or a country – they’re free to travel to any place, at any time.
How Can You Become a Lifestyle Entrepreneur?
It will be a lie to tell you that becoming a lifestyle entrepreneur is easy. Like starting any other kind of business or freelance work, the beginning is always difficult. However, if you follow the below steps, the journey might just be a tad more enjoyable for you.
Ask Yourself the Important Questions
Finding what you want to do in life is all about looking inward and diving into your passions. Before you start, you need to consider what kind of work will make you happy while being profitable. To help you find the answer, here are some questions you can ask yourself:
- What am I good at?
- What do I love doing?
- If money wasn’t involved, what would I be doing?
- How much financial stability do I want to have?
Answering these questions will give you a direction, and from there, you can start listing different options for businesses you want to start or occupations you want to take on.
Find the Best Place to Work
While working from home is the cheapest option, it’s not always the best. When you become an entrepreneur, the success of your venture relies on the work you’re able to do. That’s why you need to find a place where you can concentrate and work efficiently. For some people, staying inside all day is depressing and counterproductive, and if you’re one of those, you might consider working at a café or a co-working space.
Other people prefer being in silence, so the noise that comes from family members or pets can be distracting, and they need to find a quiet place where they can focus. Finding what works best for you will ensure that you’re able to do the best work that’s needed to make your business successful.
Use Proper Tools
Most of the work you will do as a lifestyle entrepreneur is done online. To be able to do your job well, you need two essentials:
- A good laptop
- Fast and stable internet connection
When choosing these tools, don’t be afraid to spend more. Having reliable, high-quality tech will be beneficial in the long run, especially as your venture grows and you need to take on more and more tasks. Along with that, ensure that your internet is fast and stable. If need be, don’t be afraid to spend a little more money if it means that the service will also improve.
Be Ready to Work Hard
Quitting your job and traveling around the world while working all sound great. However, they are easier said than done. Not having a 9-5 job is not the same as not working any longer. If you want to be successful as a lifestyle entrepreneur, you need to put in the work, especially in the beginning.
Keep in mind that success won’t happen overnight. You will likely face many disappointments and setbacks along the way. At some point, you might even feel the temptation to go back to your regular job. That’s why it’s essential to keep the long-term goal in mind at all times – you need to remind yourself that you have to go through challenging periods now in order to have success in the future.
Make Sure to Remember
Being a lifestyle entrepreneur is not just “living the life” and never working again. More so, it’s about finding a better work/life balance by doing something you love and finding time to enjoy the rewards that come with it. It’s all about giving your mind a break and getting to a place where you’re happy “going to work” every day, instead of being filled with resentment once Sunday night comes around and you know you’re at work tomorrow.