Basically what this article is talking about are two breeds of entrepreneurs:
1. Lifestyle business guys like the ones featured in the article
2. Big exit guys who are after the Forbes cover, the big IPO / acquisition, the VC funding, etc...
There's merit to both styles of entrpreneurship; style #2 obviously brings with it a lot more stakeholders (employees, investors, etc...) and therefore a lot more responsibility and accountability on the part of the entrepreneurs / founders, but the potential rewards reflect that.
Style #1 doesn't have all of the fame and glory, the 8-9 figure exits, but it creates a self-owned source of income which can be really liberating. The trick with a lifestyle business is to make your operation lean enough so you don't have to hire a tremendous number of people to run the business.
1. Lifestyle business guys like the ones featured in the article
2. Big exit guys who are after the Forbes cover, the big IPO / acquisition, the VC funding, etc...
There's merit to both styles of entrpreneurship; style #2 obviously brings with it a lot more stakeholders (employees, investors, etc...) and therefore a lot more responsibility and accountability on the part of the entrepreneurs / founders, but the potential rewards reflect that.
Style #1 doesn't have all of the fame and glory, the 8-9 figure exits, but it creates a self-owned source of income which can be really liberating. The trick with a lifestyle business is to make your operation lean enough so you don't have to hire a tremendous number of people to run the business.