As the world begins the process of returning to life as we once knew it, air travel is back on the horizon. Along with some much-needed vacation time, entrepreneurs and busy professionals alike are seeing the value in incorporating travel into their lifestyle in more ways than a mere two-week vacation per year. In fact, more and more business owners are successfully fulfilling their dreams of travelling the world while running a business.
While many people think the digital nomad life is reserved for the likes of graphic designers, and content writers, it’s become increasingly feasible for a much broader range of professionals and entrepreneurs.. As long as you have access to the internet, a proper game plan, and excellent management skills, running a business remotely could be the best of both worlds..
Here are some factors to consider if you want to keep your company thriving while you sip cocktails in some exotic destination.
Hire the Right People
Having a team of employees that you can trust and manage easily is a critical part of running any business – especially when doing so remotely. When onboarding new employees, you’ll want to ensure that they’re capable enough to make sound decisions and swiftly find solutions when problems arise. Employees who need any sort of hand-holding could be detrimental to a business where the owner is physically absent. In addition, business owners who can strategically manage their companies from afar tend to see higher profits because they spend more time focusing on growing the business rather than being buried in operations.
Technology is Your Friend
Whether you need to forward your business number to your mobile, implement an online scheduler, or hold weekly zoom calls, technology is an obvious must for managing an enterprise from overseas. Fortunately, there are a plethora of applications and programs that exist to keep your affairs organized and generally make your life easier. Managing a team of employees and a few freelancers can get hectic quickly, so project management apps like Asana and Trello are great for keeping track of things. Pro tip: the currency conversion app, eloquently called Currency App, is super helpful for understanding exchange rates and currencies while continent-hopping.
See Travel as a Competitive Advantage
Apart from the freedom to experience other parts of the world, frequent travel is surprisingly good for business. When travelling becomes a constant in your life, you never know who you will meet. It would be a good idea to sharpen up your elevator pitch in the event you’re met with a potential investor or partnership. If your company has ties in other countries, consider renting a long-stay Airbnb central to those areas rather than living bicoastal. Moreover, location-independent entrepreneurs can often create more inspired ideas just by being in new environments. You gain a fresh perspective from meeting new people and experiencing different cultures while finding new problems or markets that your business could be just the right solution for.
If you’re a single entrepreneur with a nomadic spirit, consider becoming a location-independent one. With the right work ethic, organization, and yearning for freedom, running a successful business while travelling is more than possible.