August 28, 2024
More and more people are choosing to set up their own businesses. Running a company is hard work, but it doesn’t have to mean giving up a sense of adventure. If you love to travel, but you have ambitions to discover new places, it is possible to combine travel and business. In this guide, we’ll share some practical ways to run a business effectively while satisfying pangs of wanderlust.
Running a business is notoriously difficult, especially if you’re trying to juggle a hundred balls at once. Entrepreneurs have to be able to spin multiple plates, but it’s essential to recognize when you need help. Building a strong team is an excellent way to grow your business, enhance performance levels and create opportunities for a more flexible work-life balance. Initially, business owners often take on several roles, but as your company expands and your client base grows, look for ways to develop the business through effective hiring and recruitment. Prioritize character traits and personal values as well as professional experience and skills. Teams need to be cohesive to function properly. Hire people who will gel with other members of staff to form a strong unit. If you have the best people around you, this will give you confidence when running your business remotely or handing over tasks to individuals or teams.
Many entrepreneurs are naturally programmed to work very hard and lead from the front. If you tend to take on every task, you may find that running your business becomes all-consuming. There’s nothing wrong with being dedicated and committed, but if you want to achieve a healthy work-life balance and make time for travel, it’s beneficial to learn to delegate. Delegating is all about passing jobs and responsibilities to others. It’s often a positive step for business owners because it means putting tasks in the hands of people who are better equipped to manage or get involved with projects. Delegating enables you to make use of people’s skills and experience and it can also help to build confidence and trust within your team. If you give individuals more responsibility, this shows that you trust them and it can help them progress and develop.
When you delegate, take time to choose the right people for each specific job or project, be clear when issuing instructions and keep in contact. Ask for regular updates, get involved with meetings and catch-ups and let everyone know that you’re available to chat if they need help or they have questions. Select tasks that are better suited to other peoples’ skill sets. This will free up time for you to focus on the tasks that match your skills.
Advances in technology have transformed the way we work, offering incredible opportunities to combine travel and business. If you’re thinking about launching a new business, or you already run a company, but you want to explore more of the world, take advantage of innovative tech solutions. Whether you run an online store or you have a service-based business, you can capitalize on the benefits of solutions ranging from automated software and live chat to online answering services, accounting software and communications technology that allows you to make and take calls from anywhere in the world.
Live chat options are brilliant for business owners who like to travel. With developments like conversational UI, you can offer outstanding customer service and support 24 hours a day, no matter where you are. Live chat enables you to answer questions, provide valuable information and respond to queries efficiently without adding to your wage bill. Customers can get in touch 24/7 and you don’t have to worry about missing messages or being unable to answer calls because you’re on a flight or you’re in a different timezone. Modern services interact with customers like human advisers and operators, ensuring your business makes a good first impression.
Remote working is increasingly popular. The Owl Labs State of Remote Work report shows that over 55% of global businesses employed remote workers in 2023. Working remotely offers greater flexibility and freedom, but it can pose challenges for company owners and teams. Technology solves many of these problems because it brings people together regardless of their physical location. State-of-the-art telephony systems, rapid, reliable Internet connections and tools like live chat, video calling software and group meeting features allow individuals to complete work-related tasks and interact with colleagues and clients seamlessly from any location.
If you plan to travel frequently while running your business, it’s beneficial to research solutions and tools that are relevant to your company. Analyze key trends and encourage your employees to share ideas and feedback. See what other businesses are doing to modernize and improve team communications and customer interactions. If you’re not familiar with the latest advances and innovations, or you don’t have an in-house IT team, for example, it’s worth considering seeking advice from third parties. IT consultants can review your current setup, provide recommendations and help you integrate new technologies through installation, training, troubleshooting and performance monitoring.
Outsourcing has become more popular in recent years. Once a feature of staffing structures for large businesses, outsourcing is now accessible to all companies. Outsourcing offers an alternative to hiring new employees. It involves working with third-party providers and external companies to access skills and services you don’t have on your core team. Examples of tasks and activities you may wish to outsource include IT management, cleaning and waste disposal, logistics, digital marketing and accounting.
Before you choose outsourcing partners, think carefully about what you want to outsource. Analyze in-house skills and identify gaps. Avoid outsourcing anything that is fundamental to the day-to-day running of the business and look for ways to optimize performance. If you own a store, for example, and you don’t have a marketing team, hiring a digital marketing agency will free up time for employees to focus on making sales, serving customers, creating beautiful displays and shop windows and restocking the shelves. With effective marketing strategies, you can boost sales, bring in new customers and put your brand on the map.
Cutting-edge technology means that it’s possible to work and travel almost anywhere in the world, but there are challenges to consider. When choosing destinations, think carefully about what you want to do in terms of work and managing your business. If you just want to check emails now and again or catch up with senior employees once a week, you can be more flexible. If you need to be contactable 24/7, or you have a busy schedule of meetings and calls, it’s important to choose a suitable location. Consider time zones, access to WiFi and business amenities and facilities. Make sure you’ll have everything you need to work efficiently before you book flights or reserve a room. Avoid going to remote destinations if you plan to do a lot of work while you’re away or you have a packed diary.
Traveling is a brilliant way to see more of the world and enjoy unique, memorable experiences, but it can also open doors in terms of tapping into new markets, developing new products and boosting customer numbers. Look for ways to expand your business horizons through globetrotting. You may find new suppliers in different countries or opportunities to grow your company by selling products and services internationally, for example. Build contact networks, research new markets and get to know local audiences. Find out if there’s a demand for the products and services you offer and identify potential barriers and obstacles. Examples include recruitment, language barriers and catering to different consumer preferences and demands.
If you plan to sell to audiences in different countries, it’s wise to work with local businesses and get to know your new customers. If you’re launching a digital marketing campaign, for example, you want the content to make sense and you need to be aware of cultural sensitivities and differences. You may also need to diversify or change your product range to suit a different target audience. Local knowledge can help you identify new customer bases, connect with prospective clients effectively and raise brand awareness. It’s also an excellent idea to attend local networking events, trade shows and exhibitions. You can learn how things work in different countries, meet influential business owners and potential partners and find out more about your competition. Trade shows also provide golden opportunities to meet customers, show the human side of your brand and promote products and services.
Statistics show that over 5 million new businesses launched globally in 2023. Setting up a company can provide more freedom and flexibility than conventional work, which offers opportunities to indulge other interests, including travel. If you love to travel and you have aspirations to be your own boss, you can combine business and globetrotting. Embrace innovative technology, build a strong team and learn to delegate. Consider outsourcing, use travel to discover new business opportunities and be mindful of challenges and potential obstacles. Understand the value of connecting with local businesses and customers and research and plan trips thoroughly.