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	<title>Comments on: What is Lifestyle Entrepreneur (Part 2)</title>
	<link>http://homeofficewarrior.com/2008/04/24/what-is-lifestyle-entrepreneur-part-2/</link>
	<description>The Internet Magazine for the Home Office Entrepreneur</description>
	<pubDate>Wed, 20 Aug 2008 17:36:41 +0000</pubDate>
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		<title>By: The Lifestyle Entrepreneur at Home Office Warrior (Part 2) &#124; HomeOfficeVoice</title>
		<link>http://homeofficewarrior.com/2008/04/24/what-is-lifestyle-entrepreneur-part-2/#comment-2174</link>
		<dc:creator>The Lifestyle Entrepreneur at Home Office Warrior (Part 2) &#124; HomeOfficeVoice</dc:creator>
		<pubDate>Tue, 29 Apr 2008 14:14:51 +0000</pubDate>
		<guid>http://homeofficewarrior.com/2008/04/24/what-is-lifestyle-entrepreneur-part-2/#comment-2174</guid>
		<description>[...] What is a Lifestyle Entrepreneur (Part 2) follows on from part one. [...]</description>
		<content:encoded><![CDATA[<p>[&#8230;] What is a Lifestyle Entrepreneur (Part 2) follows on from part one. [&#8230;]</p>
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		<title>By: Martin Neumann</title>
		<link>http://homeofficewarrior.com/2008/04/24/what-is-lifestyle-entrepreneur-part-2/#comment-2173</link>
		<dc:creator>Martin Neumann</dc:creator>
		<pubDate>Tue, 29 Apr 2008 14:13:04 +0000</pubDate>
		<guid>http://homeofficewarrior.com/2008/04/24/what-is-lifestyle-entrepreneur-part-2/#comment-2173</guid>
		<description>Hey Chris - You're right. Not every business type is suited to a lifestyle endeavor. But... this is where a certain amount of brainstorming and change of mindset can come in to play.

Example: your marketing can be outsourced. If not all, then a large portion of it. If you spend, lets say, 5 hours a week on marketing over a year that amounts 260 hours a year. Outsource 80% of it  and you have found yourself with 208 extra hours - that can be your free time or time spent developing passive income producing products.

You can create products (physical and downloadable) in your niche. Think: DVD's, audio products, membership sites etc., 

The end result is to reduce your client base (over time) to those of high value and master the art of passive revenue.

This is all just off the top of my head, but with your type of business it may take more time and tweaking but I'm sure you could easily end up with a balance of lifestyle and income to suit your needs.

And you can bet your life on it that more wisdom on this topic is coming. :-)

That's the niche I'm aiming at with HomeOfficeVoice - lifestyle entrepreneurs.

Cheers,
Martin Neumann
HomeOfficeVoice.com</description>
		<content:encoded><![CDATA[<p>Hey Chris - You&#8217;re right. Not every business type is suited to a lifestyle endeavor. But&#8230; this is where a certain amount of brainstorming and change of mindset can come in to play.</p>
<p>Example: your marketing can be outsourced. If not all, then a large portion of it. If you spend, lets say, 5 hours a week on marketing over a year that amounts 260 hours a year. Outsource 80% of it  and you have found yourself with 208 extra hours - that can be your free time or time spent developing passive income producing products.</p>
<p>You can create products (physical and downloadable) in your niche. Think: DVD&#8217;s, audio products, membership sites etc., </p>
<p>The end result is to reduce your client base (over time) to those of high value and master the art of passive revenue.</p>
<p>This is all just off the top of my head, but with your type of business it may take more time and tweaking but I&#8217;m sure you could easily end up with a balance of lifestyle and income to suit your needs.</p>
<p>And you can bet your life on it that more wisdom on this topic is coming. <img src='http://homeofficewarrior.com/wp-includes/images/smilies/icon_smile.gif' alt=':-)' class='wp-smiley' /> </p>
<p>That&#8217;s the niche I&#8217;m aiming at with HomeOfficeVoice - lifestyle entrepreneurs.</p>
<p>Cheers,<br />
Martin Neumann<br />
HomeOfficeVoice.com</p>
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		<title>By: Chris Moander</title>
		<link>http://homeofficewarrior.com/2008/04/24/what-is-lifestyle-entrepreneur-part-2/#comment-1663</link>
		<dc:creator>Chris Moander</dc:creator>
		<pubDate>Fri, 25 Apr 2008 11:39:58 +0000</pubDate>
		<guid>http://homeofficewarrior.com/2008/04/24/what-is-lifestyle-entrepreneur-part-2/#comment-1663</guid>
		<description>Grant,

I really like the idea of the lifestyle entrepreneur, but the lawyer side of me says this concept is very fact-dependent, especially in an area where you offer services and have a high turnover of clients/customers.  My primary example is a solo attorney.  A certain amount of time has to be allocated to both legal work and marketing.  Perhaps I'm being naive, but it seems to me that's easily going to be a 40 hour a week job, especially if you're looking for a 6 figure salary.  

I'm looking forward to some more wisdom on this topic to help me correct any of my flawed (or pigeonholed/antiquated) thinking.</description>
		<content:encoded><![CDATA[<p>Grant,</p>
<p>I really like the idea of the lifestyle entrepreneur, but the lawyer side of me says this concept is very fact-dependent, especially in an area where you offer services and have a high turnover of clients/customers.  My primary example is a solo attorney.  A certain amount of time has to be allocated to both legal work and marketing.  Perhaps I&#8217;m being naive, but it seems to me that&#8217;s easily going to be a 40 hour a week job, especially if you&#8217;re looking for a 6 figure salary.  </p>
<p>I&#8217;m looking forward to some more wisdom on this topic to help me correct any of my flawed (or pigeonholed/antiquated) thinking.</p>
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