need to roadmap a plan for your success. The following steps show you how it’s done.
Decide on the Lifestyle You Want
You first must decide on the lifestyle you want to design your business around. You may ask yourself the following questions:
* What do you want in life?
* What are your passions and goals?
* Do you want to live and work while traveling?
* Do you want to simply earn enough to support a grander mission?
Pinpoint Your Passions
What are you passionate about? In some cases, you might be able to combine your passion and your business. For example, if you love food and travel, you might be able to build a lifestyle business around a travel food blog.
Brainstorm Ideas That Align With Your Passions
There are essentially three ways to make money: sell your skills, sell physical products, or sell information. Using your list of passions, come up with business ideas that involve making money from them.
Research Your Ideas
Pick a few of your top ideas and research whether or not they can help you create the life you want. If they don’t provide you with the freedom to pursue your lifestyle goal outlined in the first step, then they’re not the home business you want.
Develop a Business Plan
Make a list of what is involved in getting your lifestyle business off the ground. The basics include a website and email list service. But you also need to consider what you’re offering and how you’ll deliver it. In this step, you want to list all the to-dos and equipment you’ll need to get started.
Take Care of the Paperwork
Obtain any permits and licenses necessary to set up your business structure and legally form your business. If you plan to be a traveling lifestyle entrepreneur, you still need to pick a place to call home. Even if you don’t live there for most of the year, you need a place of residence that will be listed on all your business documents.
Develop Pricing and Marketing
Set up pricing for your products or service. Make sure you’re charging enough to fund your lifestyle goal, but not so much that you don’t have a market willing to pay your prices. You’ll need to define your ideal client/customer, figure out the best place to reach them, and create materials and systems to get your business in front of them.
Automate, Systematize, and Outsource Where Possible
Automation can include things such as digital product delivery after a sale or social media scheduling tools. You can hire a virtual assistant (or several) to manage many of the day-to-day aspects of your business, such as customer support, social media management, public relations and marketing, and bookkeeping. The more work you can delegate to someone else, the more time you can spend on your lifestyle goals.
By Leslie Truex
Culled From:https://www.thebalancemoney.com/how-to-become-a-lifestyle-entrepreneur-4163947
