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I hear the term “lifestyle business” a lot these days. It’s not uncommon for this to be, or become, the goal of many fellow Thrivealists. The name itself has a specific allure for those who could never achieve that mythical state of corporate nirvana: the fabled work-life balance.
Since the term has become so common, I wanted to explore what this looks like and how it compares to a previous lifestyle goal.
First, let’s define the term: “A lifestyle business is a business set up and run by its founders primarily with the aim of sustaining a particular level of income and no more; or to provide a foundation from which to enjoy a particular lifestyle.” (Wikipedia) Read more
Life can be stressful for the small business owner; it comes with the territory. So anything that can reduce that stress is more than welcome in my life. Anyone who knows me well knows that one of my favorite things (in business) is annuity payments on seasonal work.
Seasonal businesses make most of their money during their peak season, and they can take on many forms: ski resorts, beach motels, landscaping, and yes, tax preparation. Read more
One of the great things about owning your own business is getting to make every decision exactly how you want. You are in charge of every aspect – how you work, when you work, what you work on. You can even stock your favorite pens. As some of my fellow Thrivealists like to say, “You are ridiculously in charge.”
At first glance, this sounds like every disenfranchised employee’s dream, but making decisions is the easy part. Having to live with consequences of these decisions is completely different. That’s when things get real.
Whether it’s the impact of hiring your first employee or choosing to work in a narrowly defined niche, you are no longer running the same business you were before that decision. You may even be losing sleep over these effects. Once you hire someone, you’re in charge of making sure they get paid every single time. Once you narrow your focus, you’re going to see a lot less business come in. Read more
Dress codes are simultaneously infuriating and amusing, like presidential candidates.
They were the topic for Jason, Caleb, and me on our last #WhatsNext in the Accounting Profession Blab. I thought it would be a fun, light topic, easy to make fun of, but not too deep. Turns out, dress codes are a quick path to the seventh circle of HR.
This week, I asked some friends who work at two different mid-size CPA firms to send me their company’s dress codes. And it turns out they are awesome.
For one company, under “Examples of Not Acceptable Attire” they listed “stirrup pants,” “bolo ties,” and “bathing suits.” Bathing Suits?! How the hell do bathing suits get explicitly banned on the dress code?
Audit Manager: “Hey, Rebecca, are you ready to head to the client’s office for … what the f**k?! Are you wearing a swimsuit?” Read more