Doug Richard: Why do people hate lifestyle businesses?

14 July 2010 by Sophie

Doug Richard is an entrepreneur and investor, former
star of Dragons’ Den and founder of School for
Startups.

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?

via smarta.com

I’m in the same mindset here, especially I think for HK many small lifestyle businesses makes sense. We’ve got the right combination to be a service business hub, why not take advantage of it?