Welcome to Episode 8 of Rules Aren't Real! Join us as we debunk the rule, "You have to have a home base to run a business." Both Lydia and I are SO stoked about this episode, since we both work really hard to be able to work and travel simultaneously. It's a core value, and a hell of a good time. So what does it take to work remotely? We discuss what we've learned from our own experiences, our network, and our research. Check it out to learn if working while exploring the world might be for you!
NOTES & RESOURCES:
How I Built a Startup While Traveling to 20 Countries
- Traveling is not the same as vacation
- I’m traveling because it’s cheaper, more productive and more inspiring than sitting in one place. Traveling is the most responsible choice for the sake of my company, my finances, and my personal growth.
- I REJECT:
- the idea of a 9-5 job
- the idea of stuff
- the ideal of settling down
- the idea of boredom
- the idea of a bucket list
- I LEARNED:
- Traveling is cheaper than staying at home
- Traveling makes me more productive
- 9-5 is not optimal
- Travel expands my cultural bubble
5 Secrets to Managing Your Business While Traveling
- Challenges: not choosing the fun adventure with the new people; internet madness & mishaps; balance; routine; discipline
- (1) Know your optimal working hours
- (2) Create a schedule
- (3) Take a day off the road (or: dedicate certain days ONLY to work, so you aren't torn...my addition - do the same for days dedicated ONLY to travel, so you can have fun without guilt!)
- (4) Learn to say no - (a) to things that don't directly help your business, even if they sound fun (you need that time for travel & actual productivity), (b) to people! You are actually working, not on vacation
- (5) Plan ahead - keep a calendar and dedicate days to work
- (6) Take advantage of technology
- (7) Hire an amazing team
How to Run a 6-Figure Online Business While Traveling the World
- Interview with Natalie Sisson, who is a best-selling author of The Suitcase Entrepreneur — a title that she calls herself.
- Links Mentioned In The Episode
- Natalie’s Blog: The Suitcase Entrepreneur
- Natalie’s Best-selling book: The Suitcase Entrepreneur
- The Freedom Plan
- 6 Minute Morning Miracle
The rise of the traveling entrepreneur
- Hire the right people if your business is location dependent and you don't want to be
- Really take advantage of technology - online schedulers, virtual assistants. What's out there that would take this from the realm of impossible to the realm of possible.
- It doesn't have to be all or nothing: Cantwell advises her coaching clients that if they want to travel the world while running their business, they don't need to just set off with a backpack on a round-the-world trip. "Ask yourself, how do I take my business on the road for three weeks? And try that," she says. "Then you come back and iron out the kinks."
- Don't stop taking holidays
- Take your relationship on the road! (Why have just ONE good, "vacation" week per year?)
- location-independent business owners say that running a company this way can also be good for profits. Theocharous has said she's seen her business grow since moving around the world. "A new perspective grows when you meet new people," she says. "Sometimes re-discovering yourself personally allows you to discover what it is you want most out of your business."
This Is How a Young Entrepreneur Runs a Successful Business While Travelling Around the World
- Kisha Mays is only 33 years old and she has already founded her own company—Just Fearless, a business-development consultancy to help women entrepreneurs who want to expand into international markets.
- 1. She uses technology to streamline her workflow. (Recommended apps include Trello for project management, Evernote, and Currency App)
- 2. She keeps her overhead costs low. ironically, traveling can sometimes be cheaper than staying in your home town
- 3. She doesn’t stay in hotels.
- 4. She is always ready to give her elevator pitch.To perfect your elevator pitch, you need to cover in 30–60 seconds the following aspects: who are you, where do you work, how are you different from others, what do you do and why do they need to know this.
- 5. She is not afraid of failure.
How to Run a Business While Traveling Six Months a Year
- Personal Challenges: They said that maintaining friendships and dealing with the fact that family is not close by can be tough. Likewise, constantly being with your partner in life and in business, while in foreign territory, can be trying at times. They started with one-month trips and gradually increased their time away to six months at a time.
- Managing a Business Online: To accommodate team members and clients, the couple adjusts their schedule to fit that of the business. They work normal U.S. hours no matter where they are
- Advice for traveling and running a business on the go: Valbuena and Evans both agreed that their one piece of advice is to not believe the hype about entrepreneurs and start-ups doing 40-hour work weeks. "This is not true," said Evans. "You need to be ready to give your business your all. Our team members are like family and the fates of their future lies on our shoulders."