question archive Sven opening his own business servicing private swimming pools
Sven opening his own business servicing private swimming pools
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Sven opening his own business servicing private swimming pools. Sven worked hard to build up his customer base, often performing services on last-minute notice, or even on holidays and weekends. Now, Sven has a comfortable number of routine services he provides for his customers and his business is profitable enough to support himself and his family. Which type of business does Sven likely own?
Select one:
a. a lifestyle business
b. a traditional small business
c. a high-performing small business
d. a unicorn
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ANSWER
A. a lifestyle business
A lifestyle business is a business set up and run by its founders primarily with the aim of sustaining a particular level of income and no more; or to provide a foundation from which to enjoy a particular lifestyle. Some types of enterprise are more accessible than others to the would-be lifestyle business person.
