Running a business while traveling the world
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April 18, 2020

Running A Business While Traveling The World

Yes, it’s possible. If you have long dreamed of having the kind of lifestyle where you can travel the world while running a business, you’ll be pleased to hear that it can be done. It depends on the business being a certain kind of company, of course, and it takes a lot of effort to make it right, but it is something you can do if you are determined enough. The benefits to this kind of lifestyle are plentiful and obvious: seeing the world without having to worry about money, forging your career path and not having to sacrifice the joys of life to get there, and so on. But how do you actually make it work in practical terms? There are many things to consider and learn when starting your own business, a startup bookkeeper New York is perfect for learning the tax and accountancy side of a business.

The Online Business

It should be obvious to most people that the best way to do this is to set up some kind of online business which you can run from anywhere in the world. That way, once it is all set up, all you will need is your laptop and your smartphone, and you can continue to run your business no matter where in the world you might be. The online business is now easier to set up and manage than ever before, but the first thing you are going to need is a strong idea for the business.

There are so many possible online businesses you might choose to run that it is impossible to list them all here. It could be as modest and simple as running your own monetized blog – these can earn you thousands every month if you know what you are doing – or it could be something like running your own online store. You might even simply be working as a freelancer in some way, selling your work online – for example ebooks, jewellery or even digital art or svg files. Whatever it is, make sure that it’s something you can do from anywhere – but also that it is the kind of thing you really want to spend your time doing. Even in the best case scenario you will still be having to put some time in each day, so make sure it’s something you love.

Time Management

That brings us nicely on to the next point: time management. This is something that is always going to be important if you are to lead your business to success, but it can be quite hard at times when you are travelling around the world and never quite in one place. To a certain degree, you have to make sure that you are giving your business enough time each day. It could only be two hours, or it could be four, but either way you need to be serious and strict with yourself about managing your time. Otherwise, you might find that the business fails and then before you know it, you simply can’t afford to keep on traveling. That way, you lose out on both counts, so make sure that you focus on how to manage your time well while traveling.

IT Security

One problem that does need looking into is the issue of IT security. You have your entire livelihood on your laptop, which means that if anything were to happen to it you might struggle to get back on track – unless you have the appropriate security measures in place, that is. Just as any other business needs to think about its IT security, so too do you, and in some ways it might be even more important for you than it is for normal home-based businesses. One thing to mention is that you don’t want to keep all of your data on your laptop itself. If it is stolen, you will be in a very bad place. Instead, store it on a cloud server, so you can access it anywhere and keep it safe from your laptop. And don’t store the password for your cloud storage on the laptop itself!

You also need to make sure that you are only using IT that is necessary, and that includes the software you have on your laptop. If you are running a business that is in operation back home too, then you also need to ensure that the IT over there is streamlined and automated wherever possible. That might require a decent digital transformation strategy. What is digital transformation? Simply, it’s a way of ensuring that you have a means of automating your tech which is safe and secure. It’s one of the most important things you can possibly do to keep your tech secure.

Finally, make sure that you are also encrypting any sensitive data that you do have to keep on your laptop, and even that which is on the cloud server. That way, even if it ends up in the wrong hands, it shouldn’t matter too much.

Make Traveling Cheaper

If you do it right, traveling can be cheaper than staying at home. This is especially true if you are used to paying rent on a flat or house, and if you tend to live in an expensive area. If you travel a lot, you can find ways to make it more affordable, and you might even find that you have more cash to spend than if you were at home all the time. So it shouldn’t be too hard to make traveling cheap, but there are things to focus on in order to make sure that you do it right. Doing this is vital for the business too, as it means you remain free to run the business as you see fit, no matter where you are.

The main way to make travel cheaper is to move around sparingly. Set yourself up in a place and stay there for at least two weeks or a month, before moving on. That way, you will be able to carry on, explore the place as you wish, but not spend a lot on the transportation part, which is often the priciest bit of traveling. Then you can work and travel as long as you like.

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  1. […] For business owners, they are technically the ones who limit themselves, so if they want to travel while running a business they most certainly could.  If you’re a business owner or freelancer who would like to have the […]

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