How Traveling Makes You a Better Entrepreneur
You learn something new every time you travel. You discover new cultures, meet new people, figure out a new public transit system and you interact with many local entrepreneurs. These experiences provide valuable insights that positively affect your life. Traveling means being outside your comfort zone and that’s where personal growth happens. Here’s how travelling can make you a better entrepreneur.
You Learn Change Management
Traveling is all about adapting to constant changes much like a growing business has to. When traveling, you’re forced to learn on the go and adjust to new situations fairly quickly. Your brain learns to make fast, efficient decisions and evaluate different options within seconds. You become flexible and learn to champion unexpected changes.
You Step up Your Communication Game
Throwing yourself into a foreign environment can be quite alienating as you struggle with strange languages and cultures. You have no choice but find a way to communicate with those around you. You’ll find yourself in unusual situations where you might need to get creative, use body language and even make a fool of yourself a little to have people understand you. These experiences translate into better communication skills that you can apply in a business context.
You Learn to Stay Calm
Traveling can be stressful, just like running a business. Flights get delayed, luggage gets lost and hotel conditions don’t live up to your expectations. If you get stressed every time something goes wrong, or not the way you expected, your vacation will most probably be ruined, so instead of getting upset you learn to stay calm and make the most of it. This approach will help you control your emotions the next time a work project gets derailed by unforeseen circumstances.
You Get New Ideas
Walking down the street window shopping in a new city can inspire new business ideas. Your entrepreneurial mind will notice everything other entrepreneurs did well and what they could have done better. You’ll see new interesting products and services that might be missing from your local market. Many amazing business ideas came from abroad and if you’re attentive and curious, you might spot a new trend worth bringing home with you.
You Evaluate New Opportunities
In a world where you can order anything from anywhere online, expanding your business to a new market might not be as hard as you imagine. If your business has an ecommerce website already, selling to a new country could be a great opportunity to diversify your revenue streams. Have a look at businesses in your industry and you might discover an opportunity waiting for you to capitalize on.