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Travel & Business: How to Become a Successful Location Independent Entrepreneur

If you feel ready and excited for the cultural shift or just want to experience something new, working towards becoming a location independent entrepreneur might be perfect for you! Besides, some countries offer great perks and benefits for remote workers. Location-independent movement is gaining popularity, and more people are interested in this dynamic lifestyle. The freedom it provides to individuals is certainly alluring, but it doesn’t come without its challenges.

So, let’s see how you can work remotely while traveling and successfully live the lifestyle of a location independent entrepreneur

Taking the initial steps

At first, think local. Thinking too big too quickly is not just overwhelming and intimidating; it can also be a not-so-wise idea. If you are ready to quit your 9-5 job, refrain from doing so until you have a sustainable alternative. Before leaving your day job, pick up some freelance work in your city first. Put in the extra hours whenever you can, so you can grow your reputation and your business.

Once you have enough of a workload to replace your current income abroad, you can start building your global lifestyle. Also, make sure to protect yourself and your work, as you are out there on your own, so you need to know what you are up against as a freelancer. 

Choose the perfect destination

As a location independent entrepreneur, you get to travel and explore the world while earning your income. The opportunity to move to any place in the world and stay for as long as you like is a major perk of this lifestyle type. Thailand, Portugal, Spain, Bali, and Indonesia are often discussed as some of the most popular global destinations for remote workers. Do thorough research on your top destinations, and choose the country you are most excited about. You can pick a smaller city, or a major metropolis, based on your personal preferences.

Finding accommodation

Airbnb and hostels are popular among location-independent remote workers, but Airbnb can be pretty expensive. On the other hand, at hostels, you won’t have enough privacy or the right environment to focus on work. So, what should you look for? 

Studios may be the best option, as they are not as pricey, yet you can count on having peace to be as productive as you need to be. That’s precisely why renting a service apartment in Hong Kong became popular among location independent freelancers! They provide a safe environment at a great location, which is very important, especially if you are on your own. And as a bonus, Wi-Fi and housekeeping services are included too!

Calculate your living expenses

Transitioning from a regular 9-5 job to something more flexible requires a good deal of planning. And the first place to start is calculating your budget. It goes without saying that saving up as much as you can before beginning life as a location-independent remote worker is the best way to go. Living expenses vary greatly depending on the location you choose, so it’s hard to tell how much money you’ll need. The amount that will cover your rent for 3-6 months and other necessary living expenses might be the best place to start.

Refining your spending habits will help you save up more and spend more wisely so you can ensure your financial stability for the long run. In general, Asian countries are more affordable than North America and Australia, but there are other factors to consider when calculating your budget besides the destination itself. Season of travel, accommodation, how long you plan on staying, are you traveling alone or with a fellow worker, will all affect your living expenses.

Create a global network

Make connections! Start with emailing your mailing list, and let them know about your plans to spend some time abroad. Don’t be afraid to ask them for introductions. Don’t forget to utilize social media for this purpose too! You’ll be amazed at how many people will be willing to help you make connections by recommending friends. Also, there are numerous online groups and websites where you can interact and connect with other location independent entrepreneurs. 

Be proactive, and create meetups and dinners wherever you end up. Attend networking events and conferences, and similar happenings so you can start building your global network. networking, accommodation. And if you still need more tips on choosing business accommodation, look into more information, so you don’t end up dissatisfied and stressed!