working for yourself abroad? here's how to be a good boss

Working For Yourself Abroad? Here's How To Be A Good Boss

Source: www.expatfocus.com

Moving overseas is often about freedom“Many expats are looking to get away from long, grinding hours chained to a desk. Even after the move, though, it’s possible that you’ll still be slaving from nine-to-five in a different time zone.”

Ultimate freedom

“Working for yourself is the ultimate freedom. You can be your own boss and steer the business in the direction you want to take it. Im

Transformation from wage-slave to managing director “One of the biggest

problems faced by the self-employed is drawing a line between work and life. It’s tempting when you are the boss to take work home with you, to put in extra hours and to avoid taking time off.”

Self-employed expat rules to avoid burning out:

“The unexpected will happen. You may be hit by an unexpected bill, equipment may break down and you may fall ill. In extreme cases, you may face a surprise tax bill as the government back home takes a cut of your overseas income.”

#10 Put money aside

#9 Work wherever suits you best

“You’ve already moved around the world to seek the life you’re after, so set up the business in a way that suits you. You may need nothing more than a laptop and a phone, so working from home can give you the flexibility to spend time with family.”

#8 Learn new skills“Make this work for your business and make your business work for you in this regard. Seek out courses in your area of expertise and learn the local way of doing things as well as brushing up on business skills.”

#7 Network“You need to build up a reputation fast, not only as being competent in your trade but as a trustworthy, pleasant person to work with. Creating this rapport with potential customers is not easy unless you get to meet them.“

#6 Learn to say ‘no’

“It may be that the client is asking you for too much and offering to pay too little, or the deadline is too tight or the order just too large. You run the risk of harming your reputation by promising something you cannot deliver.”

#5 Don’t work for free“Especially if you do something creative, you’ll have clients asking you to do great big projects ‘for the exposure’. As much as they may insist that it’ll be good for your business, it really won’t be. Unless you are brand new to the industry and are still learning the tricks of the trade.“

#4 Spread the load“It’s impossible to be an expert in everything, so don’t try to be. Find the experts and see how you can work together. It may be that parts you’ve been making yourself can be manufactured elsewhere for a reasonable price, freeing up time for you to focus on other things.“

#3 Don’t be afraid to take time off“In this digital age, it’s easier than ever to keep in touch with the office, using smartphones and laptops to keep an eye on emails and phone calls miles from your desk. But these same tools can all be set up to let customers know that you are away for a week and will get back to them.”

#2 Make your business work for you“You’ll be working hard and putting in late nights. So it’s only right that you see some kind of reward for it. Cash is not the only motivator, which is a good thing because you might not have much of it to spare in the early days. Use your business to do things you find rewarding.“

#1 Reward yourself“As you sit down in the beginning to write your business plan, identify key targets or milestones and celebrate them accordingly. For the first client you sign, buy a trophy of some kind to mark the occasion. Then buy a bigger one for your 100th customer.“

ThankYou

working for yourself abroad? here's how to be a good boss

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