The Time Is Now

Recession-proofing your business is almost certainly going to mean making changes, whether you are just starting out as a portable business or already established. You need to be prepared to pivot your business to keep it going and growing.

This is the second part of a three-part series on recession-proofing your business. In the first part, we focused on assessing your challenges and opportunities.

"What problem are you solving when pivoting?"

If you have not already listened to this episode, I highly recommend you tune in to take the first step towards recession-proofing your business. You will find the link in the resources below.

In this episode, we will look at how to use your challenges and opportunities to help you identify how you can successfully pivot your business. You will also learn how intentionally making changes will help you keep your current customers and attract new ones.

What You Will Learn

Why you need to address this crisis now, and how to do it effectively

What the six pivots are that you can use to recession-proof your business

What the one crucial question to determine your success is

This episode is also available in a blog format:

Click here to find the article

Resources And Inspiration:

Listen to part 1 of this series on creating a recession-proof business

Join Tandem Nomads Facebook group

Find support for solo parenting

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If you want to dream big and think you can’t do it because you have a portable business that is difficult to scale, or because you do not have what it takes to grow, or because you are a stay at home mom and can’t see how you can make it while living on the move, you need to hear this story!

"We actively listened to make the decisions that led us to our growth"

Erica McMannes started out her career path in 2003 working for the American Army in various Director and leadership positions. Erica is also a military spouse and after multiple moves in the country and abroad, 2 kids, and limited traditional job opportunities, she had to get creative with a way to find fulfillment and income that meshed well with the unpredictable military lifestyle.

Her entrepreneurial spirit started when she joined a veteran owned start up as a consultant and managed to find the flexibility she was looking for. In 2016 Erica co-founded her own startup, called Hire Mad Skills, a company that sources virtual work opportunities for military spouses to clients ready to outsource.

In 2017, she shared with us how she started her company and started generating real revenue.

However, in 2018, she and her partner decided to make major changes in her business model and even the name of her business that is now called Instant Teams.

In this episode, two years later, Erica will share with you why she and her partner made these changes and how they built thisseven figureportable business.

What You Will Learn

What triggered the decision to pivot the strategic direction and how this big change was managed

How Erica and her partners grew this seven-figure portable business

What are the learning lessons to succeed even if you have a small business

Resources And Inspiration:

How to build a portable startup and generate revenue in 9 months! – Erica McMannes

Founder Institute

Blue Startups

Veteran Women Igniting the Spirit of Entrepreneurship

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Whether you already have a business, are thinking of launching soon, or do not yet have a clear business idea, this is the perfect time to create a recession proof business.

In previous episodes, I've shared with you the mindset shifts that need to happen in order to be able to plan and lead with strength and also creativity so that you do not let your business fall behind during this time of crisis.

"You cannot wait for a better time - the time for action is now!"

So, if you have not listened to these episodes, I highly recommend you tune into them. Find the links in the resources below.

This episode is the first part of a three-part series, where we will FIRST discuss how to assess your current situation. We will look at how your business or business idea is affected by the current crisis and what to do about it. But you will also learn how to explore the opportunities that this crisis is opening up for you to grow your business, launch your business or even find a business idea.

What You Will Learn

How to assess the challenges you might experience due to the crisis

How to explore the opportunities that this crisis makes possible

Why this is the best time to create your recession proof business

This episode is also available in a blog format:

Click here to find the article

Resources And Inspiration:

Rising from challenges in times of global crisis

Three reasons you should not stop selling now

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Managing a family, a household and a business from home can get very overwhelming, especially when being an expat mom or an expat parent and living abroad far from a support system.

"You can now focus on your business and your clients instead of the admin hassles of your business"

Kelly Nolan is an attorney-turned-time-management-consultant. She empowers busy women to go from overwhelmed to having calm confidence about juggling all their roles.

She will share with you some tips to be able to manage your time effectively and get work done without getting overwhelmed.

What You Will Learn

What the simple strategies are to manage your little available time effectively

What you can do to build your support system

What to do when you don’t have that support

How to manage in extraordinary circumstances such as COVID-19

Resources And Inspiration:

5 Practical Tips for Successfully Working from Home with Your Toddler

Free guide: 3 things you should calendar to make you a more effective (and less overwhelmed) entrepreneur today

From Overwhelmed to Falling Asleep Proud of Today and Calm about Tomorrow

10 ways to get things done and control your time

Beat overwhelm with time management from within – With Kate Erickson

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Linkedin

Instagram

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If you find it slimy to be slimy in times of crisis, if you are hesitating to commit to your business or to keep selling in this time of recession and uncertainty, this episode is for you.

We are facing some real economic and personal challenges in the world right now, but this means that showing up in your business has never been more important. I cannot stress this enough!

"Your business will help the economy get back on track"

I am sharing my three big reasons why you need to focus on your business right now by putting even more efforts in growing your business and selling.

What You Will Learn

How your business can contribute to economic recovery for everyone

Why you should keep selling

What you need to do to meet new needs and opportunities

Resources And Inspiration:

Tandem Nomads Facebook Group

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Setting up your business in Estonia, via the E-Residency program, is a great solution for global nomads who struggle to find a legal base to set up their location independent business.

In episode 158 we described in detailed how this program works:

Click here to know more

In this specific episode, we will dive more into the practical aspects and steps that you will need to take to register your location independent business in Estonia.

"You can now focus on your business and your clients instead of the admin hassles of your business"

Chatlin Helm, the community manager of Xolo, will tell you about how this works.

Xolo was founded in May 2015 out of the urge to revolutionize the way people become entrepreneurs and manage their companies. The company provides accounting software and services to enable millions of freelancers, contractors and digital nomads around the world to start and run microbusinesses in a hassle-free way. Xolo helps manage independent businesses from anywhere, with access to secure banking, accounting, and one of the simplest tax systems in the world.

What You Will Learn

What the necessary steps are to register your business in Estonia

What the costs related to registering your business in Estonia are

What you have to know about taxes and managing your finances in Estonia

Resources And Inspiration:

Estonian E-Residency – where to register your business when other countries push you away – With Katrin Vaga

Find the list of service providers to set up your business in Estonia

How to legally set up your portable business – Rosiane Houngbo-Monteverde

Website

Facebook

Instagram

Twitter

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The spread of COVID-19 has been one of the most disruptive crises of our times. Although at very different degrees, everyone in most countries in the world is affected by this.

"Ask yourself what you can do differently to make it work"

In this episode, I want to specifically address those of you who might be struggling with anxiety or with staying on track with your business when your routine might be completely changed.

I also want to have a bigger conversation with you, about how to show up and lead in these difficult times as an individual and as an entrepreneur.

What You Will Learn

How we can reflect together on the impact of the COVID-19 pandemic

What you can do if your routine had been highly disrupted

How to approach this situation to rise from this as an entrepreneur

Why this is the right time to put your focus in growing your portable business

This episode is also available in a blog format:

Click here to find the article

Resources And Inspiration:

Tandem Nomads Facebook Group

Download the toolkit of indispensable online tools for your business

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Is this you Nomad Nation?

Is your home country (passport country or tax base country) not allowing you to set up a company if you do not live a substantial amount of days there?

Is your visa or resident permit in your host country not allowing you to work and set up a company from there?

Are the barriers to entry or the fees to register a business in the country or countries where you are based way too high for you?

Are you likely to move from one country to another every couple of years and need to set up a business that is location independent to not have to keep opening and closing a company locally?

If you said yes to at least one of these questions, this episode is for you!

Many global nomads, especially expat spouses, cannot set up their business anywhere because their home and/or host country’s regulations won’t allow them to do so.

Thanks to the E-Residency program this can change now and here is how it works.

"The E-residency program is a great solution to set up a location independent business,it is also a community of like-minded people."

Katrin Vaga it the Head of PR for e-Residency program in Estonia. She is a former TV and radio journalist and a foreign correspondent based in Brussels and London. While leading the communication activities in the UK tech company, she also ran her own small but successful retail business. Today, working for e-Residency program, she is dedicated to introduce this unique opportunity to entrepreneurs around the world who are looking for the platform of transparent digital services that helps to launch and run their borderless and paperless business remotely with no bureaucracy.

What You Will Learn

What the e-Residency is and what the benefits of this program are

Why the e-Residency is a great solution to register a location independent business

What you need to know before starting the process

Resources And Inspiration:

How to start a company in Estonia & EU

Service provides to set up your business in Estonia

Learn how to set up the business with the service provider Xolo

The Estonian e-Residents International Chamber Association

E-residents of Estonia Facebook group

How to legally set up your portable business – Rosiane Houngbo-Monteverde

Website

Facebook

Instagram

Twitter

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Whenever a client or an organization approaches me to ask me to bring insights about how to prepare the next move, my alarm bell rings, because I think this is the #1 question that can lead to expat life major challenges.

"Most expats and organizations spend more energy on planning the logistical aspects of the relocation instead of figuring out how it fits to the big picture."

Most expats and organizations that help expats prepare their move abroad are often focusing most of the energy on the short-term aspects. Here is what we need to focus on more in order to create a successful expatriation experience on the long run.

What You Will Learn

What has to change about the way expats plan their next move

What you should focus on instead when planning the next move

Why this is crucial for the success of your portable business

This episode is also available in a blog format:

Click here to find the article

Resources And Inspiration:

Finding and aligning with what you want:

Stop trying to reinvent yourself, do this instead!

3 steps to career and life reinvention with Sundae Bean

“Don’t bury your needs, speak up for yourself.” Evelyn Simpson – Edinburgh

Supporting your expat family on the move:

Sundae Bean

The Culture Blend

And Then We Moved To...

Third Culture Kids: The Experience of Growing Up Among Worlds: The original, classic book on TCKs

Making your business truly portable:

3 risky mistakes expat partners make with their portable business

How to know if your business is truly portable

15 portable business ideas that are not coaching businesses

What is a portable business and how to make it scalable

6 rules to grow your portable business – Amel Derragui

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When you grow a portable business and grow an online audience, growing your mailing list (list of people who sign up to your newsletter) is one of the top things you need to focus on.

However, you also must be aware of the EU regulations called GDPR (General Data Privacy Regulation) and your legal responsibilities to be compliant with the way you collect people’s emails and any other personal information.

After the first launch of the GDPR in 2018, there are now more tools and information to help online entrepreneurs to that effectively. However, it is still a vast topic and there are still some grey zones to figure out.

To discuss this topic and simplify where you need to focus, I am bringing to you a lawyer who is also an expert in online marketing strategies.

"Be very transparent about how you use people’s information and get their permission to do it. "

Bobby is a Harvard Law Grad turned Online Entrepreneur, but he’s not your typical lawyer! He speaks English (not legalese), he tells funny stories, makes fun of lawyers, uses wacky photos, and peppers in “dad jokes,” pop-culture references, and poop emojis.

He built a multi-six figure business selling legal templates to online entrepreneurs and in the process found his entrepreneurial superpowers… connecting with his fans at a deep level and writing addictive emails. The copywriters on his list tend to keep a “Bobby Swipe File” and one even called him one of the best email marketers in the business.

Nowadays, he helps online entrepreneurs build the badass businesses of their dreams… and make sure they’re protected along the way.

What the key things are that you need to know about GDPR

The safest way to collect and process emails from your mailing list

When you must have a data protection officer or a GDPR representative

How to create free content that will grow your portable business

What to know about GDPR and how it affects your portable business

The 3 legal aspects you must cover to protect your business – With Bobby Klinck

Iubenda

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