10 Motivations to Become a Location Independent Entrepreneur

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Pura Ulun Danu Bratan Temple at Lake Bratan

Pura Ulun Danu Bratan Temple at Lake Bratan

  1. Potential to meet like minded people. Nothing would be more inspiring for a budding entrepreneur than to be able to meet up with another location independent entrepreneur. Someone who is already leading the lifestyle you want to live. Being able to have a conversation with someone who gets where you are coming from would be like winning the lotto.
  2. Choice of location. This one is a no brainer. If a business can be run from anywhere, than you can choose where you want to spend your business and free time. This location could be your regular home so you can be with your family, it could involve a road trip to see friends and relatives (no more rushed weekend only trips), you could relocate to a different part of your home country for a few months to see what another town or state is like, or you could move to the other side of the world.
  3. Freedom of time. Generally when we work for a company, we have no choice in the structure of our hours. So often, people can be working when they are the least productive. For example a morning person being forced to work night hours. Lack of productivity means that companies need to spend more on employee time to get the desired outcome. If you have freedom of time, work output generally increases. Think about it. If you have a busy job with constant phone, email and co-worker interruptions, you are going to get less work done than if you worked in  a quiet, interruption free environment. Freedom of time makes perfect financial sense.
  4. Working on projects that inspire you. Many location independent muse business owners have a couple of projects on the go at once. Often their main source of cash flow is a low energy input business that pays the bills, allowing them to work on more meaningful projects either for income or just for fun. Having the choice to work on projects that inspire you is a key ingredient in happiness.
  5. Balanced life. By choosing when, where and how your work is completed through being location independent, you can adjust your work/life balance to suit you better. Exercise can be broken up throughout the day, there is time to cook nutritious meals rather than grabbing fast food 3 hours after you were supposed to finish work, you can juggle your workload around important events in your life etc. The list for gaining better balance in your life is endless.
  6. Health benefits are high. If you are sick, you can be kind to your body and rest it properly rather than trying to work through the illness or pain. If your business is set up correctly, it can be easy to prepare for such times so they aren’t such a big issue when they happen. Sometimes a company can make employees feel incredibly guilty for any time off. So the peace of mind that comes from knowing you can take time out if you do get sick, often means you don’t get sick in the first place.
  7. You can work in your PJs or a suit – whatever suits your style. Not having a business wardrobe can also save you some serious coin. You can be comfortable whilst you work and therefore more productive. Making a concerted effort to get properly dressed is a good thing for your mindset. It is nice to be relaxed at the same time though.
  8. You can take breaks whenever you want. If your brain is fried and you can’t think straight, you can head out for a walk and some fresh air without feeling guilty. A more flexible work environment provides a massive increase in productivity.
  9. You can’t get fired. Unless you decide to fire yourself of course. You hold the power to your own destiny. You can decide how many streams of income you wish to create. If you want to go back to working for someone else you can if you want to. Ultimately you have the choice of how you swap your time for money.
  10. You can leverage your time and therefore money/income through using virtual assistants to help you run your business. Taking some of the workload out of your hands means you are free to do other things. This could be more meaningful work such as for charity, just having fun and enjoying your life, or even moving into other business ventures. Through leveraging comes choice. The right virtual assistant is worth his or her weight in gold and can seriously help your business. If managed the right way, your stress is reduced, you have less menial jobs to do and you can focus on the important aspects of running your business.

What are your tips for being a successful Location Independent Entrepreneur?

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