Will Your Life of Travel Affect Your Business Management Skills?
09 Sep 2021
Entrepreneurs sacrifice their time, social life, and leisurely activities for their businesses. It is especially hard for them during the early stages of their entrepreneurship. The business can’t stand on its own yet, requiring the constant presence of its owner. What’s more, a newly opened business isn’t staffed yet, so the owner carries all the roles, from customer service staff to cleaner.
Contrary to popular belief, being your own boss isn’t as fun as it sounds. It may be rewarding financially, but in terms of free time, a business won’t give much. Many CEOs can’t even spend enough time with their own families.
That said, if you live a life of travel, can you be a good business manager? Being your own boss suits your lifestyle better because employment doesn’t offer enough vacation leaves. But now that you know how entrepreneurship takes up your time, is it still worth considering?
How Travelers Can Manage a Business
Since you need a source of income to support your travels, a business is definitely worth considering. It’s the better option compared to employment. But your career’s not going to be easier.
As a business owner, you’re responsible for overseeing the day-to-day operations of your business. And that’s not a nine-to-five job. Sometimes, you have to keep working until midnight, or only until noon, depending on your business’s performance for the day. The changing seasons also matter. Most businesses have a seasonal peak, where sales are highest. During that period, you’re taking in more work than usual.
Fortunately, there are hacks to being a good business owner while living a life of travel. See if you can do all of them before developing your business idea:
Determine Your Optimal Working Hours
You don’t travel 24/7. Somewhere in your daily schedule, you’d have sufficient hours to dedicate to work.Whether that’s four hours or 12 hours, set aside some time strictly for work. Ideally, it should be thehours whenyou feel the most productive. If you’re a night owl, try to do some work in advance, so that by the next morning, everything’s all set for opening your business. Be consistent in your schedule, because once you hire staff, they’d be counting on it.
Develop a Realistic Routine
To be consistent in your work schedule, you have to make it a routine. That means sacrificing some activities if they fall outside of that routine. Breaking your routine for the sake of traveling will only cause you to enjoy it less. You might be in the middle of an epic beach trip, but your mind will be at work because your body is accustomed to your work routine.
It’s fine to break your routine every once in a while. But if your business isn’t stable yet, you have to sacrifice your travel time.
Choose a Business that Suits Your Lifestyle
Even if you dedicate enough hours to working, your business could ultimately fail if it doesn’t suit your lifestyle. For example, you ran a small grocery store, but you didn’t have enough time to make an inventory of your stocks. As a result, there were barely any products to sell, leading to your sales declining.
To avoid this, carefully contemplate if your business idea is one you can actually fuel to life and keep alive for a long time. Starting a business is costly, so the margin of error is small. If you borrowed money to start it, the failure of your business could mean losing one of your assets.
Business Ideas for Travelers
Since the most important hack is choosing a business that suits your lifestyle, consider any of the following ideas:
If you love road trips more than international travels, you may be a good truck driver-operator. Truck driving is a stressful job, but it pays well. And if you’re skilled at maintaining diesel engines, you can enjoy better fuel economy and lower operational costs. You’d know where to get value-for-money diesel engine parts, aftermarket modifications, tech add-ons, and such.
You certainly know that you can make good money from vlogging. If you already have a huge social media following, take advantage of it by monetizing your vlogs. A social media career is one of the best income sources for frequent travelers.
If your life of travel has honed your skill in foreign languages, try offering language lessons to kids. Or, engage in translation side-hustles, which may get you in the path of movie directors and high-profile individuals.
From those three ideas, you can get a clearer picture of what kind of business suits your lifestyle. It should be related to your hobbies, interests, and passion. Don’t let your globetrotting reduce your entrepreneurial flair. If you put your heart into it, you’ll excel in it.