#Scaling: The Lifestyle Business and Why Investors Won’t Approve

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Hole in the Whole

Business


Does your lifestyle choice promote business growth, or is it in conflict with your business objectives? Listen, as Yana and Tom discuss the suggestion that if a business hasn't grown and reached a certain level, it is viewed as a lifestyle choice of the founder. Yana believes that you can only prioritize your lifestyle if you use your time wisely and focus on the right things, and Tom agrees to a point. Do you agree?  If you enjoy this episode, please share it with friends, leave comments and reviews and help us get our podcast heard.  Today's Episode: [00:24] Hello, everybody! [00:34] Yana shares the topic of this conversation. [01:02] Yana says that some suggest that If a business hasn't grown and reached a certain level, it is viewed as a lifestyle choice of the founder. [02:04] Tom believes that the focus on growth will be a thing of the past. [02:48] Yana says she doesn't know where this comes from, most people she knows don't have a lifestyle she would strive for. [03:52] Tom says that fintech should be able to appreciate more balanced business models. [04:38] Yana speaks about some startups she knows that are still grinding for success; they haven't been able to focus on lifestyle. [06:38] Tom believes the question for balance versus grind is difficult to tip in one direction. [07:42] Yana agrees with Tom's insights into this balance. [10:34] Tom shares a book he has been reading. [13:06] Tom discusses the book's description of needs inside of a framework. [14:33] Yana says she can see why Tom likes the book because it is so confusing. [16:48] Yana speaks about adapting the framework in the book. [18:54] Tom believes that a business is there to make money and succeed and grow. [21:16] Yana shares a story about a founder that asked her for feedback. [23:34] Tom says there is a workaround for just about everything, which is a hard lesson for engineers. [26:34] Yana speaks about times when her engineers didn't listen to what she was trying to tell them. [27:28] Yana wants to end this with prioritizing lifestyle is only possible if you use your time wisely and focus on the right things. [28:44] Tom and Yana are eager to hear your lifestyle choices and how they either promote business growth or conflict with business objectives. [29:35] Thank you for listening. Bye for now! Show links: How to get in touch with us, if you’d like to tell your startup story: Yana on Instagram, Tom on LinkedIn