The biggest requirements for a year on the road are time and money. With more money you can see the world in less time, and with less money it will take more time.
We are focusing on saving enough money for a $200/day budget with more time spent in less expensive countries and less time in the more expensive countries.
Besides just saving the money, our situation is further complicated by the fact that we own a small consulting business that functions as my day job (Husband works for a large software company).
What happens to the business while we are gone? Can I take it with me, or alter it in some way to function while we are traveling?
Better yet, can I make this business so flexible that we don’t even have to come back in a year if we don’t want to? It should be an achievable goal to earn $200/day virtually if I set things up right.
The 4-Hour Workweek by Timothy Ferriss is a book that explores this option in great detail, and it is one of the instigators of our trip. Since much of my work can be done online, why does it have to be done in Seattle?
Currently my work consists of showing business owners how to attract more of the right kind of clients with less effort. It is all about systems, really, and I’ve come to understand that the same philosophy can work for me in “virtualizing” my business.
This is how I plan to make my business travel-ready over the next 12-18 months:
- Document my processes and knowledge into do-it-yourself guides and books
- Create audio and video programs to go along with those books
- Teach my processes to other consultants/coaches
- Explore alternate streams of income and affiliate partners that make sense
- Write about the “virtualization” process as a guide to other business owners
I’ll keep you posted as I work through this process. Even if you aren’t planning to take an extended period of time off, you could probably do with some extra time and money, couldn’t you?