Does your business model fit your lifestyle?

Here’s a question for you! When you are creating your business model and your business plan, do you think about how you want to spend your time, and how to get the balance right between work and life? Often, passionate and enthusiastic people leap head-first into a particular business model because they get excited about the service or product they have created, or by the potential money to be earned. Yet, there is a reality check to this approach as it may not bring the happiness or lifestyle that is ultimately desired. So before you finalise your plans for the year ahead, ask yourself a few key questions. Firstly, what is the cost of your ideal lifestyle and what are the logistics associated with that lifestyle? Secondly, how much time do you want to spend travelling for the business, or how much work could be done from one place, or online? Thirdly, do you have family commitments that will need to be accommodated and that will limit your availability at certain times? By answering these questions, you’ll be able to create a business model that fits with the life you want to live.