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All statements about lifestyle business

41 statements about lifestyle business in 19 sources, by upload date.

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2023

  • 2023-01-05 (said on 2022-12-15, implied) · How Much Money I Made as a YouTuber & Entrepreneur (2022) — Ali: The Part-Time YouTuber Academy's success led Ali's business to hire many people and raise its fixed costs, so it had to keep running cohorts in 2022 to stay profitable, a hamster wheel. — 00:40:42
  • 2023-03-22 · Why I Have 12 Full-Time Employees (as a YouTuber) — Ali's business aims for 60% margins and a £2 million profit, both figures he says he picked arbitrarily, which needs about £3.3 million in revenue. (hedged) — 00:19:31
  • 2023-03-29 (said on 2023-03-13, implied) · My Goals for 2023 - Life Update — Ali realised in 2022 that instead of a big business he wanted a lifestyle business: one that makes money but optimises above all for freedom, fun and flexibility. — 00:00:58
  • 2023-03-29 (said on 2023-03-13, implied) · My Goals for 2023 - Life Update — Ali: For now a lifestyle business optimising for freedom, fun and flexibility seems ideal to Ali, though one day he may decide to build a bigger company or go back to medicine. (hedged) — 00:01:27
  • 2023-03-29 (said on 2023-03-13, implied) · My Goals for 2023 - Life Update — Ali: A lifestyle business focuses on profit rather than revenue: unlike a venture-backed startup that grows revenue at a loss to sell or go public, it makes a healthy profit every month that can be banked. — 00:01:27
  • 2023-03-29 (said on 2023-03-13, implied) · My Goals for 2023 - Life Update — Ali does not want to be a solopreneur, as he enjoys working with people in real life, nor to have a huge team or a very big business; he feels his team is now at the sweet spot of size. — 00:04:09
  • 2023-03-29 (said on 2023-03-13, implied) · My Goals for 2023 - Life Update — Ali no longer wants to run live cohort courses because, in a lifestyle business, they take away freedom and autonomy: Zoom calls at set times several times a week, no travel then, and a lot of stress. — 00:07:34
  • 2023-03-29 (said on 2023-03-13, implied) · My Goals for 2023 - Life Update — Ali: Running a lifestyle business, Ali keeps asking when enough is enough and at what point to put the brakes on making more money and focus instead on freedom, fun, flexibility and impact. — 00:08:18
  • 2023-09-27 · Starting A Business is Easy, Actually — Ali: In a feel-good business growth is not that important, Ali says: it optimises for the owner's fun, freedom, flexibility and lifestyle, so if working half as much kept profits the same, he would rather do that than work twice as hard to grow twice as much. — 00:04:01
  • 2023-09-27 · Starting A Business is Easy, Actually — recommendation: Ali: Slow, sustainable growth is much more relaxing than rapid exponential growth, Ali says: keep re-evaluating so you do not scale too fast or set ridiculously ambitious growth targets, because all of that adds stress. — 00:14:55
  • 2023-10-13 · The Best Book to Read About Running a Business 📈 — Ali says the calm-company philosophy of It Doesn't Have to Be Crazy at Work is the one he would like to embody in his own business and team. — 00:00:29
  • 2023-12-08 · Everything's Changing - Life Update — Ali: People Ali knows with big businesses say they had the most fun and were most fulfilled when their business was much smaller, with somewhere between 10 and 20 people. — 00:13:20
  • 2023-12-08 · Everything's Changing - Life Update — Ali's big realisation after months of soul-searching: once you have enough money for your basic needs, it is okay to leave money on the table and make less for balance, health, relationships, family and hobbies. — 00:30:54

2022

  • 2022-01-07 · 15 Books To Read to Change Your Life — Ali wants his business to be less about metrics, targets, KPIs and growing every year, and more about building a cool lifestyle and helping people while being profitable and having fun. — 00:17:13
  • 2022-05-12 · What Am I Doing With My Life? — Ali's ten-year goal is a profitable business that helps people while having fun, without worrying too much about the numbers. — 00:01:56
  • 2022-05-12 · What Am I Doing With My Life? — Ali: Citing the law of line extension from The 22 Immutable Laws of Marketing, Ali warns that being good at one thing does not make a business good at the next, and it risks spreading itself too thin. — 00:12:03
  • 2022-11-30 · How to Make Difficult Decisions (without overthinking) — Ali says his business is going to make a couple of million dollars in profit in 2022. — 00:03:09
  • 2022-11-30 · How to Make Difficult Decisions (without overthinking) — Ali: Weighing a few months earlier whether to grow his business further, Ali found that all four of his mental advisors said no: optimise for lifestyle and what energises you, since more money does not mean more happiness beyond a point. — 00:03:38
  • 2022-11-30 · How to Make Difficult Decisions (without overthinking) — Ali: Many of his business's decisions about its direction are now made by asking whether a choice will energise or drain him; Ali calls it a privileged position, since he runs the business. — 00:11:37
  • 2022-12-16 · How I Failed in 2022 — Ali would much rather make less money and have a more chilled-out time doing what he enjoys while still making decent money. — 00:08:37
  • 2022-12-16 · How I Failed in 2022 — Ali: After months of journaling on when enough is enough, Ali has realised he is already at the point of enough and no longer feels a need to grow his business. — 00:10:43
  • 2022-12-16 · How I Failed in 2022 — Ali once thought he wanted a team of 50 and a whole office; he now finds he likes being a doer rather than a manager or leader, and does not really like running a business. — 00:11:05
  • 2022-12-16 · How I Failed in 2022 — recommendation: Daniel Priestley (quoted): Daniel Priestley says that to optimise for fun, freedom and flexibility you want a lifestyle boutique business doing at least 100,000 in revenue per employee per year. — 00:12:01
  • 2022-12-16 · How I Failed in 2022 — Ali: If Ali could make six figures doing what he loves, he would be living his best life; growing far beyond that for the sake of growth is not the way forward. (hedged) — 00:15:53
  • 2022-12-16 · How I Failed in 2022 — Ali's business ran into the problem of line extension from The 22 Immutable Laws of Marketing: being good at one thing and trying to be good at others. — 00:18:36
  • 2022-12-16 · How I Failed in 2022 — Ali: Wanting both a small lifestyle business and a bigger business, two very different visions for a business and for life, Ali pulled his team in two directions. — 00:19:44

2021

  • 2021-01-10 · Does money REALLY buy happiness? — John O'Nolan says he cares more about the freedom he has than about money; freedom is what he really optimises for. — 00:10:49
  • 2021-02-14 · The Book That MOST Changed My Life — Ali: The second part of automating is finding a muse: Tim Ferriss's term for a lifestyle business that takes little of your own time to run but makes reasonable money. — 00:13:57
  • 2021-02-14 · The Book That MOST Changed My Life — Ali: Reading The 4-Hour Workweek helped Ali set up his first company, SixMed, which helped people into medical school: a lifestyle business where he worked probably under four hours a week for a full-time living. (hedged) — 00:14:26
  • 2021-10-10 · In Conversation with Charlie from Charisma on Command #ptya — Ali does not care about the numbers: his 10-year vision is a profitable business that helps people while having fun. — 00:42:04
  • 2021-10-10 · In Conversation with Charlie from Charisma on Command #ptya — Charlie Houpert: When focused on business Charlie is not adding views or subscribers but doing a good job, being ethical and adding profit: he wants a lean business with a large profit margin, built sustainably with no short-term cash grabs. — 00:56:34
  • 2021-10-20 · Everything's Changing - Life Update — Ali: The more people Ali's business hires, the higher its fixed costs and the more it relies on the YouTube channel and the courses doing well, which ramps up the pressure. — 00:05:44
  • 2021-10-20 · Everything's Changing - Life Update — Ali: With a team of 20 to sustain, Ali's business needs its YouTube channel to succeed: the more you grow, he says, the more you have to grow to keep up with the demands of growth. — 00:15:04
  • 2021-10-20 · Everything's Changing - Life Update — Ali: A solo operator building a lifestyle business can do what he wants, Ali says, but building an actual business with a team changes that. — 00:32:58
  • 2021-10-20 · Everything's Changing - Life Update — Ali: All Ali really wants is a profitable business that helps people while having fun; he does not care about hitting revenue targets or growth metrics. — 00:42:15
  • 2021-11-13 · How I Run this YouTube Channel - Day in the Life — Ali's business has no dreams of reaching a set number of people, revenue or team size: it just wants to build a profitable business that helps people while having fun. — 00:03:02
  • 2021-12-03 · Reflecting On My Fears - Day in the Life — Ali: In Ali's dream world his business would not rely on the YouTube channel hitting numbers and would be a lifestyle business, not trying to be huge, just sufficiently profitable while having fun and helping people. — 00:07:13
  • 2021-12-16 (said on 2021-12-03, implied) · How Much Money I Make as a YouTuber (2021)💰 — Ali: Most YouTubers run lifestyle businesses as highly paid freelancers; few build a team of 20. Ali does not think it was more fun with fewer people: he worked late then, and now Angus runs the business while he focuses on content and enjoys the team. — 00:32:00
  • 2021-12-16 (said on 2021-12-03, implied) · How Much Money I Make as a YouTuber (2021)💰 — Ali: Asked by a business coach for his 10-year vision, Ali says it is a profitable business that helps people while having fun, the only thing he cares about. — 00:35:34

2019