Changing the generational patterns and building lifestyle business.
One of the most difficult part of starting your own business is deciding what kind of business it should be. We know we will have to work hard for several years to make this business successful. Even if we don’t say it loud – that’s the intention of most of the people while deciding to become an entrepreneur.
We all want to be successful, nobody starts a business with the intention of failure.
But here’s the reality:
- 1 company is formed every minute in the UK (GOV.UK, 2019)
- approximately 660,000 new start-ups are registered in the UK every year (Telegraph, 2019)
- less than half of UK start-ups make it longer than 5 years (GOV.UK, 2019)
- 20% of new businesses will close their doors within the first 12 months (Telegraph, 2019)
- 60 % of new businesses will finish trade within three years (Telegraph, 2019)
Focusing on passion
I have never been employed, since the age of 19, I have been running my own business. Gaining 23 years of experience as an entrepreneur.
Trust me, I ticked all these statistics.
Since I made the decision to do something new, I knew, this time I will focus on passion, purpose and satisfaction. It was obvious – I wanted to build a lifestyle business.
All these years of struggling for success made me realize that I want to run a business by doing something that gives me a pleasure.
Business that will allow me to live a great life now, not when it become successful, as this may never come.
The generational pattern
My father always told me, “Tom, a work has to be done.”
This is how he lived his whole life. Going to work, earning money for our family, eating dinner at home and going to another job to make our life better.
The biggest lesson from him is that if you want to achieve something in life, you have to work hard.
I respect my father a lot for this lesson, but I want my sons to learn from me how to live with passion, purpose and fulfillment, and not just work hard all their lives.
I have many different reasons to start building a lifestyle business, but breaking the generational patterns was the main one.
Repeating unhealthy generational patterns
As parents, we always want our kids to have a better life than we do, but it doesn’t work that way.
What we want our children to learn from us, and what they learn, can be two different things.
Most of us are unconsciously repeating generational patterns we learned from our parents, friends, and the society we grew up in – even if we didn’t want to live that way when we were kids.
In adulthood, we repeat what is known to us, what is the social standard, what we have seen every day in our lives.
Dozens of times I find myself repeating the same unhealthy generational patterns, even when hoping for different results. As habit-driven beings, changing certain self-defeating behaviors can seem virtually impossible at times, no matter how hard we try.
Liza Ingrasci, the CEO of The Hoffman Institute, explains:
“Humans are born helpless and dependent on their parents and caregivers for survival. In childhood, to know that we will be taken care of, we bond with them emotionally. To feel love and belonging we indiscriminately absorb their ways of feeling and behaving and make them our own. Out of our need for love, we emotionally bonded with them in whatever experiences they offered up. No matter how much our parents may have loved us, they were by no means perfect; they had their patterned ways of being that they learned in childhood. And, unfortunately, we bonded with them in their counter-productive negativity as well as what was life-affirming. These negative ways of feeling, thinking, and behaving are what we call “patterns.” Patterns are always inauthentic and result in unwanted consequences.”
Getting to the bottom of it
If you want your children to fight for a better life than you have, it’s not enough to tell them to do so. You have to go out there and do it yourself.
What’s a lifestyle business?The main lifestyle business postulate is that it allows the owner or entrepreneur to live the life he wants to live now, running the business. Click To Tweet
I can tell you from my 23 years of experience as an entrepreneur and running several businesses – each time working on a new venture takes time and a similar amount of energy.
When running a lifestyle business you achieve a completely different level of satisfaction and fulfillment.
You don’t need to wait for it for several years until a time when your business is successful.
You can build a business that will allow you to live the way you want, while generating income through new age opportunities.
In a lifestyle business, you’ll likely be generating most of your revenue online by selling courses, classes, coaching services and subscriptions.
The list is endless.
You can specialize in a very narrow niche. Add corporate consulting. Earn from speaking at events that will allow you to travel around the world to your revenues. Of course, if you start today, it won’t happen tomorrow. You have to build it the same way you build any other business or career up the corporate ladder.
This type of business and lifestyle is run by many entrepreneurs. It has been part of my life for over five years, with intensity over the past three years.
Since starting building an Athletic Lifestyle Business, I have been running across a few countries and islands.
Speaking at universities, providing corporate advice and increasing my income through multiple online streams.
If your goal is to build a lifestyle business and ensure freedom of location and financial security. Don’t miss my next article this week.
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