Sorry, but why should a lifestyle business be a one-man operation? As I see it, a lifestyle business is a regular company like any other, with employees and everything -- but with no plans (or even possibilities) for huge growth, acquisition or IPO. Simply, a business which allows its owner to get a sizable salary without much work, but would never bring them millions in a liquidity event.
Exactly. When I think of lifestyle businesses, the examples that come to mind are dentist offices, hair salons, and family restaurants. Usually the customers personally know the owner, and the business thrives because of it, but it's impossible to scale.
