The travelling entrepreneur lifestyle is a commonly debated one. On one side of the coin you have the people who believe it’s all fun and games, and on the other, there are those who feel that the grind never stops, and that entrepreneurship is a 24/7 job. 

Both sides, however, often have a misconception about what else the lifestyle actually entails, so today we’re busting some common myths. 

Offices Are a Thing Of The Past

First up, we have the myth that when you take up this lifestyle, offices become a thing of the past. In truth, many entrepreneurs actually make use of an executive office in a co-working space or similar workstation so they have a home base. This makes holding client meetings far easier and allows them to register their business to an address that isn’t their home – a major privacy perk.

You’re In Full Control Of Your Schedule 

While you definitely have far more flexibility as an entrepreneur, when you’re working with clients or other businesses, you won’t have full control of your schedule. This is because you’ll most likely need to meet with them during their operating hours, which can be particularly tricky as a travel entrepreneur given the difference in time zones. 

Invoicing Is The Only Money Management 

While invoicing and keeping on top of payments from customers will certainly be a large part of the money management for any entrepreneur, it isn’t the sole responsibility in this sector. 

You’ll also need to manage expenses, deal with taxes – pro tip here, consult a tax accountant if you’re at all unsure as it isn’t an area you want to get wrong – and handle any other economical aspects of the business. 

It’s All Fun And Games

As noted at the start of this piece, another common misconception is that living the travel entrepreneur lifestyle is all fun and games. While it’s certainly a lot of fun, and this career path can take you many places – both literally and figuratively – there are many difficulties faced by entrepreneurs, and lots of businesses fail within their first few years. 

The Grind Is 24 / 7

On the other side of the spectrum, while the entrepreneur lifestyle, especially while travelling, takes a lot of time and effort to maintain, it isn’t actually non-stop. Those who do work non-stop quickly burn out, and it’s particularly important to manage work/life balance when you’re your own boss. 

You’ll Be Paid To Travel

While it’s certainly true that you can be paid to travel as an entrepreneur, this isn’t the case for everyone. Some places will cover travel costs if you’re working with them, but others will expect that you absorb it as a cost of doing business, so it’s always a good idea to check before taking on a project. 

Tech Is The Only Sector That Allows This Lifestyle

Finally, many people believe that you’ll only be able to achieve the travel entrepreneur lifestyle if you work in the tech field. Luckily, this isn’t true. Any role that can be completed fully remotely can be tailored to provide this kind of lifestyle if you so desire, it just means you might have to be a little flexible about your work hours depending on time zones.

So there you have it, seven common myths about the travel entrepreneur lifestyle, and the realities that actually apply. Which surprised you the most?