By lifestyle business, I mean one which is a lifestyle, rather one that is tied to the exit strategies of investors. This ranges from a small retail outlet to a growing software firm that is bootstrapped.
The difference is that you are interested in long-term earnings on your revenue, not in making it big by selling shares (either via the stock market or by selling the business). The real difference, I think, is that a lifestyle business is not for sale. And that's a deal breaker if by an investor you want to make money by selling your interest.
The difference is that you are interested in long-term earnings on your revenue, not in making it big by selling shares (either via the stock market or by selling the business). The real difference, I think, is that a lifestyle business is not for sale. And that's a deal breaker if by an investor you want to make money by selling your interest.