Lifestyle Related Blog

Why do Lifestyle Entrepreneurs become CEOS of their life?

A lifestyle entrepreneur is an individual who creates a business for the purpose of changing their lifestyle or decides on the kind of lifestyle they want to enjoy and then builds a business that supports it.

Lifestyle entrepreneurs put great emphasis on freedom and passion, life rewards rather than monetary rewards. While this idea has been very popular recently, there are many examples in history where individuals could be considered lifestyle entrepreneurs – think Richard Branson or Oprah Winfrey.

The Laptop lifestyle

The question on people’s minds lately is “What kind of life do I want?” instead of the usual “What kind of job do I want?”.

They are called the digital nomads, solopreneurs, freelancers, travelpreneurs/passionpreneurs etc. and they’re all after the Work-life balance.

Thanks to the internet- building an e-commerce business and leveraging technology have shed traditional barriers to entry. These businesses have flexibility in time and location. It’s a business that you can operate from anywhere in the world or takes you anywhere in the world.

How can I become a lifestyle entrepreneur?

You first must decide on the lifestyle you want to design your business around. Ask yourself the following questions:

  • What do I want in life?
  • What are my passions and goals?
  • Do I want to live and work while traveling?
  • Do I want to own my time?
  • How much do I value freedom?
  • Am I comfortable working for myself?

Once you’ve made a decision, it’s time to:

  1. Select a nichebasically select whatever interests you the most like health & fitness, motivation etc.
  2. Connect & InteractResearch, and study your competition. Your target audience & future clients.
  3. Build a social media following: Social media connects us to everyone. Build an engaging audience.
  4. Influencer Marketing: Build your audience base and companies will approach you or you approach them to promote their products and services and get paid for that.
  5. Build your brand & business: This is the real deal. You’ve built a following who believe and trust you. Now you can start an eCommerce store, start a website – sell your products or a blog, everything is in your hands.

Made for you Planners and Templates

But wait- you need to build your Skillset

There are different sets of skills required for a 9to5 employee, a traditional businessman, and a lifestyle entrepreneur.

Most of the trainers, coaches, bloggers, online sellers, or people with passion projects focus on acquiring and developing their technical skills while ignoring the other skills required to become a businessman.

You might be a great coach but if you don’t know how to expose yourself and connect online then you can’t build an audience, a market, and a brand. The internet is a huge space full of people who are searching, marketing or selling, the business here never sleeps.

So if you want to be an online entrepreneur don’t limit yourself to technicalities- start to learn Entrepreneurship! How? By acquiring new skills.

Consider taking courses or study online for:

  • Mindset
  • Social Media Skills
  • Sales Skills
  • Marketing Skills
  • Video Editing Skills
  • Writing Skills – Articles and Books
  • Public Speaking Skills
  • Copywriting skills
  • Funnel and email marketing
  • Ads and more

“The best way to predict the future is to create it.”- Peter Drucker

Here are some hacks:

1. Acquire one skill at a time

Do not hop from one skill to another. Be a focused learner. For example, learn sales for a few weeks, master it and then go and learn other skills.

2. Outsource things if possible

You may not like to edit videos as this is not your strength. You may hire a video editor who can do a better job. Suggestion: learn it so you can do something in case things don’t go right.

3. Take Action

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When you learn new things, implement them immediately before you forget. Speed is power!

4. Practice makes perfect

Repetition is the only way to master any new skill. But just because it’s not perfect doesn’t mean you shouldn’t start “Better done than perfect”. Just practice more to get better.

5. Mind your mentors

Learn only from the person who has achieved the results you are looking to achieve. Do not go to a preacher or a trainer with no valid results.

Conclusion

That being said, being a lifestyle entrepreneur means you live your dreams, ignite your passions, live free in your own space and time. Whatever your definition of success may be – be it monetary, freedom, or fame. You are responsible.

Here’s another great read: 11 EASY ONLINE BUSINESSES THAT ANYONE CAN DO

11 Comments

  • Reply Vi-Zanne March 24, 2022 at 12:05 am

    I just started blogging, and I agree with your hacks – acquiring one skill at a time to avoid overwhelming oneself, and also only learn from those who have succeeded in this field. Hopefully by writing and practicing more, I can improve upon my skill sets. Thanks for sharing this post!

    • Reply Lani March 24, 2022 at 4:25 am

      Hi Vizanne,

      You are absolutely correct. As with anything Practice makes progress or some would say perfect! Take your time and learn from the best. Good luck to you.

  • Reply La Ivana March 24, 2022 at 8:50 am

    I love that you said that we need to implement the things we learn. It’s so easy to take endless notes and fill our brain with new information, but the real change happens when we take action on what we learn.

    • Reply Lani March 26, 2022 at 4:18 am

      Hi Ivana,

      I totally agree with you. Knowledge is only useful if applied and shared.

  • Reply Barbara March 24, 2022 at 9:07 am

    Great advice and inspiration! Keep up the good work!

    • Reply Lani March 26, 2022 at 4:17 am

      Hi Barbara,

      Thanks for your comment.

  • Reply Scott Harrison Rees March 27, 2022 at 10:49 pm

    I’ve not heard the term lifestyle entrepreneur before. Thanks for the education and the emphasis on it being a process, as with most new endeavors. That Peter Drucker quote was pretty spot on!

    • Reply Lani March 27, 2022 at 11:17 pm

      Hi Scott,

      Thanks for the comment. I’m glad you enjoyed the post. As with a lot of things entrepreneurship, it is a process- but a process combined with passion and freedom in mind.

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  • Reply Bethany March 28, 2022 at 5:38 am

    This was a great read! I’m definitely working to become a lifestyle entrepreneur and ditch the 9-5 so really appreciated the advice!

    • Reply Lani March 30, 2022 at 5:02 am

      Hi Bethany,

      Thanks for your comment. We are in the same boat. I hope this post gave you some ideas.

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