3 Myths about Running a Location Independent Business

January 29, 2018

Many of us have spent years of our lives daydreaming about quitting our boring 9-to-5 office job and running a location independent business. You may have heard about how amazing it is to work and travel at the same time, while having an opportunity to experience other cultures, climates, and different ways of life.

On the other hand, we’ve also heard many horror stories about the difficulties of running a location independent business. There are lots of myths permeating the zeitgeist about this business model and becoming a solo entrepreneur. Some of these myths will assure you that you can work four hours a week and still make a good living. Other myths will convince you that you’ll find it impossible to stay focused at work because of your new lifestyle.

Whether you’re an online business looking for a gateway to collect money for your new freelance customers, or you’re well on your way to making this dream a reality, just know that there are certain myths about location independent businesses that we’d like to dispel for you today. So pay attention and finally learn the truth.

Myth #1: It’s Really Lonely Running a Location Independent Business

We’ve decided to tackle this myth first because it’s so far off the mark that it’s not even funny. It also scares so many good people away that it’s time to bury this inaccuracy once and for all.

You see, running any type of solo entrepreneurial business is going to have its lonely moments. There’s no way around it and you have to be willing to accept this fact if you decide to become a freelancer or a solo entrepreneur.

On the other hand, it doesn’t mean you have to stay locked in your hotel room all day long working for clients when you should be out enjoying yourself. In fact, you can spend your days working in bustling Internet cafés, occasionally you’ll be able to work on the beach, you can work by the side of the hotel swimming pool, and you have the option to work in places that are filled with plenty of people.

Sure, none of these people may have location independent businesses, but that doesn’t mean you shouldn’t talk to them and get to know them. You can have all kinds of interesting conversations with people while working in coffee shops, restaurants, amusement parks if you’re feeling bold, or anywhere else for that matter.

Myth #2: It’s Really Easy to Run a Location Independent Business

You’re going to be in for a rude awakening if you think it’ll be easy running your location independent business. Contrary to popular belief, being a digital nomad definitely has its ups and downs.

As an example, you may need to get an important SEO project completed and sent to one of your clients quickly, only to find out that there isn’t a good Internet connection for miles around. The satellite Internet in your small town is acting up because of a storm.

Time zone differences are also another potential problem. Your customers might be sleeping while you’re awake and vice versa. So you may need to work odd hours in order to accommodate them.

Myth #3: Running a Location Independent Business Is Expensive

Yes, running this type of business could be expensive, but it definitely doesn’t have to be. It’s your job to figure out a budget and stick within it. Choose inexpensive locations so your dollars go a lot further.

Remember, you don’t have to sleep in the most expensive hotels. Plus, nobody ever said you have to eat the most expensive meals. Frugality is the name of the game, so live within your means and try not to go overboard.

Conclusion

It should be very clear that some of the location independent business myths aren’t necessarily true. If any of these myths were holding you back, please ignore them and do yourself a big favor and take the plunge. You won’t regret it.