For every success story we hear about smart entrepreneurs who have founded a lucrative lifestyle business, there are hundreds of untold stories about those who have failed. So what makes the difference between lifestyle businesses that thrive and those that crash and burn?
I don’t believe that it’s simply a matter of bad luck that many wannabe lifestyle entrepreneurs struggle to launch a successful venture on their first attempt. In fact, many people are making the same mistakes over and over again.
Each person and business is a unique case of course, but there are five common factors in particular that can contribute to the downfall of a small biz start-up. Continue reading Top Five Reasons Why Lifestyle Entrepreneurs Fail
So you’ve heard the term ‘lifestyle entrepreneur’ and you’re intrigued. It sounds great, right? Location independence, financial independence and the ability to create something that has impact on the world, whilst living on your own terms. Who wouldn’t want those things?
Dealing with doubts
However, maybe the doubt has begun to creep in. You mentioned it to a few of your friends, or maybe your partner or family, and they just stared at you like you were talking in the Klingon tongue. Or worse, maybe they told you that it was a pipe-dream or unrealistic goal. Continue reading Examples of Three Successful Lifestyle Entrepreneurs
Are your efforts to build a bigger Facebook following failing? Are you seriously fed up and embarrassed by the deafening silence that greets your business’s Facebook Page updates? Join the club. Facebook has become a conundrum for businesses, thanks to their frequently changing algorithms about who sees what in their newsfeed.
Yet Facebook is one of the main destinations for our customers. According to TechCrunch, Facebook has 669 million daily active users as of 2013 which adds up to 20 billion minutes of usage per day, and those numbers are only growing.
Most importantly for entrepreneurs, your lifestyle business’s success will be judged by the size of its Facebook following as it is still one of the major metrics when it comes to online social proof (whether you like it or not).
So how can you build a bigger following for your lifestyle business? Here are a few tips. Continue reading How to Build a Bigger Facebook Following for Your Lifestyle Business
You’ve heard the hype about starting a lifestyle business but you haven’t made the leap yet. Maybe you think it sounds too good to be true or that only a lucky few are born with some kind of mythical entrepreneurial genetic code.
Maybe you’re worried that you don’t have the requisite string of childhood successes on your resume, such as selling rare Star Wars figures at overinflated prices to your gulllible classmates or inventing a killer iPhone app that sold for half a billion dollars to Yahoo! before you were old enough to legally buy yourself a beer.
Okay, so perhaps starting a lifestyle business isn’t for everyone, but that doesn’t mean it isn’t possible for everyone. The fact is that lifestyle entrepreneurism is a real opportunity that’s open to everyone who is willing to take it, and it’s not just for a special breed of superhumans with dollar signs for eyes.
Even if it’s just something you do on the side whilst working full-time, there are a multitude of reasons why starting a lifestyle business is a no-brainer for anyone who genuinely desires more freedom in their life. Continue reading Why Starting a Lifestyle Business is a No-Brainer
If you’re building an Ecommerce Store or lifestyle business you probably have two things on your mind; time and money.
The more time you have to work on your business, the more money you can make; and the more money you can make, the more time you can spend in the future doing what really matters to you.
We’ve already shared 10 Time-Saving Tips for Lifestyle Entrepreneurs, but it’s also important not to discount the importance of our energy levels when working on our business.
You can usually get much better results from a few solid hours of focused work than you can from a 12 hour day running around like a headless chicken, and if you’re well-rested you’ll make much better business decisions than you will if you’re frazzled and distracted. Continue reading 5 Ways Lifestyle Entrepreneurs Can Manage Their Energy Better
It is often said that time is money, and most start-ups/entrepreneurs have a lot more of the former than the latter, especially at the early stages of launching their business.
As a lifestyle entrepreneur, you want your business to be a success, but you don’t want it to take over your life. So from the very early stages of planning your business and how it will function, you want to consider ways to save time.
Note that I’m not talking about that overused term ‘time management’ here – after all, as lifestyle entrepreneurs we don’t want to find ways to fit more work into each day.
Instead, we want to find ways to fit our work into as little time as possible so we can spend more of our lives doing what is most meaningful to us rather than postponing our dreams until we retire.
With that said, here are ten simple ways to save time and still run a successful business. Continue reading 10 Time-Saving Tips for Running a Lifestyle Business
Career opportunities with great pay, benefits and perks are difficult to come by in the corporate world. That’s why we love lifestyle business models and, more specifically, the world of ecommerce. The barrier for entry into the online marketplace has never been so little – and it is diminishing right before our eyes. In fact, it’s not all that uncommon for an “e-tailor” (one who runs an ecommerce site) to sell a wide variety of products without a single piece of inventory. Nothing in stock. Zero inventory, yet positive cash-flow from the very first sale. Continue reading Why Dropshipping is Perfect for First-Time Entrepreneurs
So you have an awesome, one-of-a-kind product or service that you just can’t wait to share with the world; a seed, in the form of an online business, has been planted in your mind and you’re ready to get going. Buy a URL and let’s sell some goods, you say––but hold on, something to consider is the vast number of ecommerce stores out there. With budding technology and the internet’s accessibility, almost everyone is capable of opening and running an online store, but only a select few run a successful and profitable one.
Don’t worry though, we’ve got you covered and will discuss in this post the big mistakes most online outlets commit, leading to a failed business. Familiarize yourself with these common errors and put yourself ahead of the curve––while other entrepreneurs come up short, you and your company will be in the know and on the path to success. Here are 5 reasons ecommerce stores fail. Continue reading Top 5 Reasons Your Ecommerce Store Will Fail – Ecommerce Rules