Lifestyle vs Exit Business: An Entrepreneurial Choice
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Lifestyle vs Exit Business: An Entrepreneurial Choice
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In this episode of Investing in Accessibility, co-hosts Kelvin Crosby and Chris Maher dive into the difference between a Lifestyle business and Exit business. Kelvin shares his personal experience with his company, See Me Cane, explaining how he chose to build a Lifestyle business rather than pursue rapid growth through venture capital. He highlights the benefits of having more control, balancing social mission with financial goals, and the creative funding strategies that made his business successful. Chris elaborates on the decision-making process for entrepreneurs, discussing how market size, funding sources, and growth potential influence the choice between Lifestyle and Exit businesses. Entrepreneurs must carefully assess what aligns best with their personal goals, whether it's pursuing venture investment, scaling quickly, and aiming for a liquidity event, or opting for alternative funding sources, maintaining more control, and adopting a slower, more organic approach to growth.
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