The Digital Nomad Podcast is a great series of shows by Alondo Brewington and Warren Moore, two super smart entrepreneurs who have had some success in breaking free. One in particular that grabbed my attention is Episode #11: Don’t Quit Your Day Job in which they address the realities of launching a business. They don’t get too far into the specifics of trying to launch a business while you’re remote, but it seems the remote part is somewhat implied, which the focus being on the business part. Some great takeaways are that you should give yourself at least a year (12-18 months worth of cash to support yourself) at launching something and highly consider having something steady on the side while you get your business going. They also make mention of a post by Jacques Mattheij’s called “It Takes Three Years to Build a Business“, which is a great read.
I commend them on bringing this topic up because it seems there is a lot of misinformation as to what people should do and how they should go about it. As a general rule I feel trying to do both things at once, launching a business and beginning a move or travel adventure are not a wise decision. As always, I will cheer on those who flat out go for it and make it work, plenty of us wouldn’t have gotten where we are by heeding the warnings of others, but when there are a series of steps you can take to have more success, it is worth your time to consider them. We’ll always do our best to have stories of various types, from those who were more careful and calculated about how they went remote to those who quit their jobs, sold everything and went for it, but personally I will always lean towards keeping your income scenario steady and stable. Keep your job or continue running your business and changing your location. Visit the Digital Nomad Podcast website and listen to episode 11 and all the others, you’ll be glad you did!