It’s not a new term in the business world, but it is a hard one to define. Some people say a lifestyle business is a small company that allows the owner to work the schedule he or she wants and isn’t overly concerned with the bottom line as long as it covers the bills. It’s more about a comfortable schedule than it is about profits.
Others disagree with this definition, but there are common themes within these kinds of businesses. The New York Times takes a look at these different definitions and asks people if the term ‘lifestyle business’ has a negative connotation or a positive one. What do you think? How would you describe a lifestyle business? Let us know.