Start a low cost business

Small businesses and startups often have a high initial cost to start a bakery, you need a building and bakery supplies. To start a fertility app, you’ll need medical specialists and a few software developers. While a lifestyle business is not without its costs, they’re generally low. Here are a few examples of costs a lifestyle business might incur

• Software subscriptions As an internet-first business, many of your costs will include subscriptions for online services, hosting, invoicing, and more (e.g., Mailchimp, Shopify, WordPress, QuickBooks, Thinkific, etc.).
• Operation costs Like any business, your lifestyle business will incur operating costs (e.g., incorporation, insurance, taxes, etc.). 
• Outsourcing For anything you can’t do yourself, you might hire outside help to enable your company to grow without eating into your time (e.g., freelance designer, virtual personal assistant, marketing consultant)

As a lifestyle entrepreneur, you can start your business with minimal upfront costs while keeping expenses low, creating a profitable business that supports your lifestyle.

Build a lifestyle business on your own terms From the low cost to the location independence, a lifestyle business is one of the most flexible options for anyone looking to leave behind an office job and design their ideal life. Whether you have a passion for software development or a knack for social media marketing, building a lifestyle business lets you turn your expertise into a product or service that generates enough income to live the life you want.