Self-e Project

Entrepreneurship and self-employment (SE)

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What are similarities and differences between entrepreneurship and Lifestyle Entrepreneurship?

Theme: Entrepreneurship and self-employment (SE)
Exercise: What are similarities and differences between entrepreneurship and Lifestyle Entrepreneurship?
Developed by: CARDET

Aim: To distinct and realize the differentiation between entrepreneurship and Lifestyle entrepreneurship

Learning outcomes:

Ability to indicate the typical characteristics of Lifestyle entrepreneurship
Understanding the difference between entrepreneurship and Lifestyle entrepreneurship

Expected duration: 15 minutes

Description:
This exercise will help you to check your knowledge and to distinguish between entrepreneurship and Lifestyle entrepreneurship.

Task: For each question, please select possible answer that you think.

(1/5) Is Lifestyle entrepreneurship different from traditional entrepreneurship?

Your answer is correct!

There is a great distinction between traditional entrepreneurship and Lifestyle entrepreneurship. On the one hand, traditional entrepreneurs mainly focused at financial profit and are willing to take huge risks. On the other hand, a Lifestyle entrepreneur is focused on discovering new opportunities for creating a business around his lifestyle skills and hobbies, while he/she has a very strong social mind-set for helping vulnerable groups of people and making a change.