Does your Remote business pass the litmus test? Could you actually leave the country for weeks or months at a time and still count on the business to grow on its own and produce income.
In this article I am going to share with you some of the most important questions that you should be asking yourself to avoid a career that is going to keep you chained to your desk.
When I am approached with a business or come up with an idea, I ask myself these following questions to help me decide if I should even consider pursing the business. I wrote a blog recently about The Joys of working remotely and also my 5-Step process to finding the perfect career where you can travel the world and work from a laptop.
I have come up with a couple of questions that I use to test the remote possibilities of a business. These days, if they do not get passed these questions with a yes, then I am probably going to go a different direction. I wrote two articles that may give you more context when it comes to working remotely.
Now for the smell test questions:
1. If I spent a year building this business and I left the country for 2-4 weeks with out being able to call back or answer any emails would it still be standing when I go home?
This may take some introspection and some deep thinking about what the business is, who it would involve and what you would need to figure out to get all of the pieces together. This type of think and evaluation will become paramount when assessing situations for your business in the future, so play the tape out and visualise as best as you can where you would see yourself and the business in a year or two.
2. Is this a business I can run myself, or will I need to hire or contract out work to properly run it and if I do, will I be able to effectively manage the team remotely?
If you can do it on your own, great, do it! Unfortunately most enterprises even small ones will need to depend on others to accomplish what ever it is your business will do or provide for people. The question you need to concern yourself with is can you effectively manage then from a far or set the business up in a way where employees or partners can or would be self serving and motivated to accomplish tasks day to day to keep the company running smoothly.
3. On a scale from 0%-100% how much of the business can I automate?
(0%-60% is no good / 60%-80% is ok / 80%-100% is ideal). Automation is going to be key for you to managing efficiently from a far. It will allow you to batch work and delegate important work properly. Also it really allows you to step away from the business or parts of the business for days or weeks at a time and then come back to spot check at a later date. Most importantly automation usually takes the place of what human used to do and will allow you to perform more high value activities for the business.
4. Will it make me enough money to give me the life I desire to have and if so how long will it take to get me to that point? 60 Days? 6 months? A year?
For more on this topic check out my blog I wrote on Time vs. Money! This will really put this step in to perspective for you.
5. Pros and cons list – Now for the final step, write down all of the great things about how the business is going to get you what you want out of it. Examples could be things like “90% automation” or “allows me to travel 6 months per year” etc and then do the same for all of the potentially negative elements about the business. Make sure to be real with yourself here. Don’t sugar coat this part.
Once you have completed all of these steps, then you will have a solid understanding about what you could potentially be getting involved in. I can’t stress the importance of the exercises!
Working as a management consultant for a number of years I have a keen ability to understand what is going to make a business succeed or fail. Unfortunately most folks don’t even think about these things when starting a business. Instead they get excited about the idea, or one aspect of the new business and run with it throwing caution to the wind and ignoring or simply not flushing out the idea and all the pit falls that would ensue first.
Be smart, be savvy and get the business that will give you the life you desire but don’t ever be afraid to give your idea a litmus test! It will save you time, money and heartache in the future. These simple actions will keep you on the right track helping you to avoid a business or an idea that will stand in the way of a more well suited business or opportunity that will give you everything you need.
If you are like me and are a nomad traveler that works remotely then having a working smart phone is an absolute must. Aside from getting work emails, checking the market and other tasks that you may use your smart device for on a daily basis, your phone is the most incredible travel essential for a remote nomad.
Imagine being in Viet Nam for the first time and you need to rent a scooter to find your hotel you booked on kayak, well imagine if you could get turn by turn directions from your iPhone with out having to ask a sole for directions.
Or, what if you are in Indonesia for the first time ever and are trying to haggle with street vendors to buy a shirt or exchange American Dollars for Indonesian Rupiah but you have no idea what the exchange rate is? Imagine being able to jump on to the XE currency app and know exactly what your $20 USD is actually worth.
Smartphone owners spend an average of more than three hours per day using their devices. That doesn’t necessarily stop when they go on vacations or work trips outside of their home countries. But if it’s not done right, international mobile internet access can be sketchy and it can cost a lot.
Here’s everything you need to know to get affordable access to data while abroad.
Find out what you’re working with
International roaming has gotten easier and cheaper over the past few years, but some older phones may still have issues. The vast majority of smartphones in the world run on a common type of network called GSM, but some older phones from the US and other countries use a different, incompatible technology called CDMA, which could limit where they might work. (Most newer phones sold by CDMA carriers, including Verizon and Sprint in the US, are “world phones” that can use GSM networks.) When it comes to newer, faster “4G” networks, most operators use a format called LTE, which has other compatibility issues between wireless bands. But roaming often still happens on older, slower networks.
If you know your phone will work where you’re traveling, next check to see if your phone is unlocked, which would allow you to switch SIM cards to another operator. Many carriers still lock phones to their networks, especially when they subsidize the price. In the US, nearly all Verizon Wireless smartphones are sold unlocked. Some providers, such as Vodafone in the UK, also need to be told if you’re leaving the country, so make sure to check if you need to let your provider know before you leave. If you bought your phone unlocked, or have unlocked it through an unlocking service, then you’re all set.
Figure out what your provider offers
Most mobile providers have international partners and offer international calling and data plans. And while they continue to come down in price, most are pretty expensive—and some are absurd. In the US, for example, AT&T charges $30 for 120 megabytes of international data use—which could last hours or days, depending on your mobile-data frugality. Sprint is worse, charging $80 for just 85 MB of international data. WIND in Canada charges C$8 ($7) per day to lower its international data rate to C$1 per megabyte—which is still rather expensive. The worst are plans or countries that still charge very high amounts per megabyte. In the United Arab Emirates, for example, Verizon Wireless still charges $20.48 per megabyte, which is prohibitively expensive for almost all uses.
Some providers offer a flat daily rate for international use, on top of regular charges. Vodafone in the UK charges £5 ($8) extra a day when you use its phones abroad. The European Union recently slashed data maximum roaming rates allowed across the region, so if you’re traveling from one EU country to another, you can find out the maximum that your provider can charge you.
There are a few providers that have international roaming—to select countries—included at no cost in their plans. Recently, T-Mobile in the US started offering unlimited roaming to over 120 countries, with the catch that download and upload speeds are capped at slow speeds. (It’s fine for most uses, including email, maps, and social media, but it won’t work for video or VoIP calls. But you can pay more for faster speeds—$50 for 500 MB over 2 weeks.) Three in the UK offers free roaming in some other countries, such as the US, France and Australia. Japan’s SoftBank recently launched a promotion that allows customers to pay the same rates when using Sprint’s US network (which SoftBank owns.)
Buying a phone abroad
If all you want to do is make calls while you’re abroad, there are some countries where you can buy a cheap pay-as-you-go phone. In the UK, you can pick up a simple phone for just 99p ($1.50). Some of them even have some amazing Siri-like features. In most countries, however, the cheapest phones won’t be less than about $50, so it would make sense just to stick with getting a new SIM-card for your own phone, or using a Wi-Fi-calling app on your smartphone.
Buying a SIM abroad
If you’re going to be somewhere for more than a week, or plan to use a lot of data, it may be worth buying a local SIM card. At London’s Heathrow Airport, for example, you can buy a variety of SIM cards from vending machines after baggage claim.
For the best deals, you’ll be better off heading to the local high street or mega-mall. With Vodafone UK, for example, you can buy a £10 ($16) top-up and get 500 MB of data and 100 minutes that you can use for 30 days. In France, Orange sells prepaid SIM cards at its stores, and 500 MB data top-ups for €10 ($12). If you’re visiting the US, T-Mobile offers prepaid SIM cards for $10, with an option to pay by the day for unlimited data for $3 a day. In Japan, B-Mobile offers relatively inexpensive data-only service to foreign visitors.
Some providers, like Three in the UK, also offer short-term contracts that you can cancel after the first month that are equally affordable. Just don’t forget to cancel them when you leave the country. China Mobile offers a SIM that works in Hong Kong and mainland China for 90 days for HK$120 ($15).
Some countries have mobile resellers, like the UK’s Carphone Warehouse, which will have options for multiple mobile providers. Find a sales representative and ask them to help you figure out which option works best for you. If the country doesn’t have resellers, many will still have standalone stores for each mobile provider. If you’re buying a SIM for your phone, figure out which providers are compatible with your phone before you go in. If you don’t speak the language, it might be helpful to write down some basic requests, like “nano-SIM, 1 GB data”—or look for their sales pamphlets.
If you’d rather have everything sorted out before leave home, GigSky is another option. For $19.95, they’ll provide you with a SIM that lets you access data networks in most countries. But their rates are generally higher than buying a SIM from a local provider.
There are some downsides to using a foreign SIM. Most notably, unless your phone has two SIM slots, you likely won’t have access to your home number, or calls or text messages that go to it. And certain services tied to your home number, including Apple iMessage and WhatsApp, may need to be reconfigured—an annoyance at best.
An O2 mobile store in the UK. Mobile stores are often clumped together, so make sure to shop around.(Reuters/Luke MacGregor)
Many countries ask for a passport for identification when you buy a mobile service. In some countries, such asSouth Korea and South Africa, it’s difficult to purchase any mobile service without a local address or a visa that lasts longer than 90 days. If you have a friend in the country you’re visiting, ask them if you can use their address to sign up for an account. If you have no contacts, check to see if there are options to rent a phone from a local provider. Otherwise, you may have to rely on Skype and messaging apps over Wi-Fi, or whatever roaming your home provider offers.
Using your phone
Make sure to test out your new SIM card before you leave the store. Usually, you’ll need to restart your phone before the new service will start working. (Sometimes, it could take hours to activate—less ideal.) It’s a good idea to send a text or call someone just to make sure everything is working. You’ll also need to figure out the country dialing code for the country you’re in so that people back home will know how to reach you.
Penalty fares for going over data limits are severe on most carriers, so make sure to choose a plan that will cover the amount of data you’re likely to use while abroad. AT&T has a calculator to help you estimate how much data you use if you’re not sure. It’s probably best to avoid doing anything too data-heavy while abroad, like streaming music or videos, or downloading games.
Calling home will be expensive on almost any plan you purchase. You can check to see if the provider you’re using offers any international dialing plans that you can add on to your service. In the US, AT&T’s international dialing plan is an additional $5 a month. In the UK, you can add an international dialing package to a PAYG plan for £10 ($16). Alternatively, you can stick to Wi-Fi options, like Skype or Apple’s FaceTime.
There are also apps you can use to call from abroad. Roamer lets you make and receive calls from your regular number, even while you’re out of the country. Vonage also offers cheap VoIP calls through its apps for iOS and Android phones.
Other things not to forget