(This post was originally published on jacksonfish.com.)
The way the term “lifestyle business” is bandied about has bothered me for some time. I’ve decided to try and come up with a new definition. Twitter friendly version:
“Lifestyle business” is the patronizing term for businesses unwilling to grow at the expense of the quality of their product or workplace.
Twitter unfriendly version:
“Lifestyle business” is the patronizing term used by many big businesses and investors for businesses that are unwilling to pursue growth at the expense of a) the quality of their product/service and/or b) the happiness of their employees. The terms is often applied to businesses that don’t want said investors’ money.
Do you have a better definition? Feel free to take a crack in the comments.