Location-Independent Business; Is It For You?

Location-Independent Businesses are currently a hot trend in the business world. But what are they exactly? Who are the people operating them? And most importantly, could a Location Independent Business be a fit for you? Fredrik and Charlie take a look at this growing phenomenon, and give you a complete guide to working out if you could benefit from being location-independent. KEY TAKEAWAYS A Location-Independent Business is a business that can operate from anywhere in the world at any time. With the advent of the digital/online world, permanent connection allows business owners to free themselves from the limitations of location. Get rid of stuff - Don’t let your possessions be a barrier to your operating independently of location. Free yourself from everything extraneous. Develop relevant skills - Some skills are better suited to employment, while others will allow you take advantage of being location-free. Set up a location-independent business of your own - If your skills allow you to be free of locale, then you could use this option. But ensure that you are paying tax in the correct country. Make sure your permanent belongings are designed for being location-free. Things such as mobile contracts and subscriptions need to work anywhere in the world. Nomad Community projects present a huge opportunity for professionals who wish to tie travel into work, and operate around the globe. Lower your costs - Mainly applies to your home country. It is about making sure the costs during your absence are as reduced as possible. You can sub-let any properties you own in your home country in order to provide yourself with an income while you’re away. FIRE (Financially Independent - Retire Early) is a movement that’s been around for some time. It involves living from accumulated wealth, and being allowed total freedom of movement.  Assets such as real-estate and investments keep earning for you no matter where in the world you are. Building a portfolio with this in mind for the future is a very wise plan for those who aspire to travel later. Be frugal or splash out? Do you really need those luxuries? Could you do just as well by saving your money this time? Added pleasures are always welcome, but be wise in how you spend your money. Communications will become more and more essential the more location-free you become. Remember to stay as connected as possible. Your income will depend upon it. Prepare your family, and to some extent, involve them in your travel plans. But remember that in the end, it’s your life, and the decisions you make are your own. Live your life your way. Timing is everything - Don’t assume that just because you want to be location-independent, that you can do it any time. You many have commitments that keep you from this lifestyle, so consider carefully. BEST MOMENTS ‘Customise your belongings so that they’re slightly more mobile’ ‘It was the best sushi I’ve ever had!’ ‘You can live like a king, depending on where you choose to go’ ’Systems free up time for you’ ‘You can have candles - That was very specific!’ ‘It’s your life and your choice'     VALUABLE RESOURCES Invest In You Podcast Nomad Communities - https://remoteyear.com/ ABOUT THE HOST Serial entrepreneur Fredrik Sandvall loves sharing ideas and interviewing world-class entrepreneurs and influencers. Invest in You is about investments, entrepreneurs, personal development and doing fun things. He hopes to ensure you take action, helping others and yourself, plus enjoy the journey we call life. CONTACT METHOD Contact Fredrik Sandvall – Invest in You https://www.linkedin.com/in/sandvall/?originalSubdomain=uk https://sandvallinvest.com/ https://www.facebook.com/FredrikinLondon https://itunes.apple.com/gb/podcast/investing-skills/id1445899547?mt=2