• How To Start A Lifestyle Business, Without Quitting Your Day Job | Johnathan Lyman | Responsibly Reckless | 05

  • May 23 2023
  • Length: 2 hrs and 42 mins
  • Podcast

How To Start A Lifestyle Business, Without Quitting Your Day Job | Johnathan Lyman | Responsibly Reckless | 05

  • Summary

  • Johnathan Lyman is the founder of Seaplane Coffee, founder of Cascade Handcrafts (a candle business), a full-stack developer at Heroku, and a loving husband and father.


    In this episode, Johnathan and I discuss topics like: How to build a lifestyle business. When to quit your job for your business? Misconceptions about lifestyle businesses. Should you pursue entrepreneurship or stick to your day job? How to effectively learn things. Relationship advice from Johnathan’s two marriages, and How to know when you're ready to have kids.


    #LifeStyleBusiness #Entrepreneurship #DecisionMaking


    Johnathan Lyman

    Blog - https://johnathan.org

    Twitter - https://twitter.com/_johlym


    Slide into my DMs 😄

    Instagram - https://www.instagram.com/jakedbernstein

    TikTok - https://www.tiktok.com/@jakedbernstein

    LinkedIn - https://www.linkedin.com/in/bernsteinjake


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    TOPICS WE DISCUSS

    (00:00:00) Intro

    (00:02:48) Johnathan's Coffee Business, Seaplane Coffee

    (00:06:45) What Would Johnathan do Differently if he Was Starting a Coffee Business Today?

    (00:12:21) When to Put in More Work Upfront VS Iterate as You Go

    (00:13:33) Warnings about Designing and Printing Product Labels

    (00:15:19) Learn by Doing and Leverage Existing Knowledge

    (00:17:31) Think About This One Thing Before Starting a Business

    (00:18:24) Common Misconceptions About Lifestyle Businesses

    (00:20:05) The Shortcut to Success

    (00:21:03) Should You Quit Your Job When Starting a Business?

    (00:22:56) The Importance of Minimizing Risk and Benefits of Following Your Passion

    (00:25:00) Day Job VS Entrepreneurship: What to Keep in Mind

    (00:27:57) Context Is Key. And Mistaking Comfort for Happiness

    (00:30:06) How to Know What Advice to Follow

    (00:34:03) A Trick for Thinking Outside the Box and Finding Inspiration

    (00:39:22) Why Johnathan Transitioned From His Amazon Business to a Coffee Business

    (00:40:15) How Your Income Level Affects Your Priorities and Decision Making

    (00:50:13) How Johnathan Decides What to Prioritize

    (00:54:49) Summary of Johnathan’s Decision Making Factors

    (01:04:10) What Tasks Should You Prioritize? And How to Define Goals You’ll Actually Act on

    (01:05:32) How Johnathan Met His Wife

    (01:06:31) Mistakes and Lessons from Johnathan’s First Marriage

    (01:17:18) The Dangers of a Scarcity Mindset in Relationships and Avoiding Uphill Battles

    (01:19:48) To Find the Right Life Partner, First Find Yourself

    (01:20:16) Relationship Advice From Johnathan’s Current Marriage

    (01:27:23) How Jonathan Overcame Poor Communication in His Relationship

    (01:30:51) Important Realizations if You Want Your Relationship to Last

    (01:33:59) How Jonathan Knew he was Ready to Have Kids

    (01:40:07) What to Think About When Picking a Life Partner

    (01:45:15) How Many Kids Should You Have? (And Mr Money Mustache)

    (01:57:10) What Age Should You Have Kids?

    (02:04:20) Where to Focus Your Time and Energy for the Best Results

    (02:07:31) Johnathan’s Advice to Podcasters and Why He Started Podcasting

    (02:30:02) What Does Success Mean to Johnathan and Why?

    (02:33:07) One Reason Johnathan’s Such a Happy Person

    (02:37:24) Johnathan’s Parting Advice

    (02:39:33) Where To Find More of Johnathan

    (02:41:27) Outro

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