Location Independent Business Essentials with Dan O’Donnell #138

dan-odonnellLocation Independent Business Essentials with Dan O’Donnell

Dan O’Donnell is an entrepreneur and host of the Bored Breaker weekly meetup in Chiang Mai. In this episode Dan shares the pros and cons of creating a location independent business.  He shares examples of where digital nomads have found success and where others have failed. You’ll also learn a bit about what it’s like working in Asia. It may seem exotic, but it’s not as strange as you might think.

Lifestyle Online Business Model Characteristics

During our conversation Dan spoke about Position,  Strategy, Community, Starting, and the power of Peristance.

1. Not all models work for all people. It’s dependent on personality, history, and runway on capital. In many cases, people move to Asia to figure out how to make $1K/mo and live well. It’s a great place to bootstrap a business.

2. Too often people try to reinvent the wheel when it would make more sense for them to copy what works in a slightly different model.

3. Amazon FBA is a common path for Digital Nomad success.

4. It’s important having a community that can help you. If you’re all alone it will impede success.

5. Take action and get started. Don’t let perfection kill an opportunity.

6. Perseverence wins the race. Don’t take rejection personally. Move on to the next opportunity.

How To Find Dan O’Donnell

You can find Dan on the internet!

Entrepreneurial Mindset

Here are some other episodes on the entreprenurial mindset. Check them out today!