Doug Richards: Why Do Some People Hate Lifestyle Businesses?

by Mark Nagurski

in Etcetera

I don’t normally dedicate entire posts to linking to someone else’s, but I thought this particular article by ex-Dragon’s Den investor Doug Richards was both relevant and a good read to boot – and he says f**k twice.

I have never understood the antipathy that otherwise rational people have for the so-called “lifestyle business”. Quite recently I heard someone in a position of responsibility in the small business community disparage lifestyle businesses. They weren’t real businesses, he said. They only enriched the owner, he said. What the f**k, I thought to myself? …

The heart of the issue is this question: what constitutes business success? In an age of growing awareness of carbon footprint, in a time when the fastest growing businesses are social enterprises, at a point in the economic cycle when we need to drive entrepreneurs to help solve social issues; we no longer have time for these false dichotomies.

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