Have you ever dreamed of running a location-independent business but don't want to be bogged down by the time and effort of building one from the ground up?
Today I am joined by digital nomad, entrepreneur, and founder of buyingonlinebusinesses.com, Jaryd Krause, to explore how anyone can buy and grow a location-independent business.
If you have ever considered traveling the world and running your own business, you are not going to want to miss this episode. Jaryd openly shares his wealth of knowledge including what types of businesses to consider, where to look for investment opportunities, and how to properly vet a prospect. We also dive into some of his favorite places to travel, how to keep a healthy balance while working on the road and so much more.
What tips would you give to a first-time traveler? I'd love to hear what they are and hope you will share them by sending me an audio message.
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Today’s episode is brought to you by the US Bank Altitude Go Visa Signature Card, get 4 x the points on eating out and 2 x points for groceries, streaming services, gas, and EV pit stops. Visit usbank.com/altitudego to apply and learn how to earn 20,000 bonus points.
Tune In To Learn:
- Why traveling the world has shaped Jaryd’s life
- When Jaryd decided to leave his job as a plumber for good and how he found balance in work and travel
- Advice for people who want to start traveling full time
- Conquering mindset and overcoming fears when buying an online business
- Why do people want to sell their businesses
- How to decide whether you should buy a business or start your own business
- 3 types of online businesses you can buy and how to decide what works best for you
- What financial investment is needed to purchase an online business
- Where to start the research and what questions to ask
- Do you need to be emotionally invested in the business you buy
- How to assemble the team and hire the skills needed to sustain and grow your business
- What is the process of due diligence when buying a business
- Best practices for building a sellable business
- Questions to ask yourself before making a purchase
- Why solo travel is important for personal growth
- The value in embracing boredom and creating space for yourself in daily life
- Jaryd’s most life-changing trip and favorite places to travel
- And so much more
- Join Zero To Travel Premium Passport
- US Bank Altitude Go Visa Signature Card
- Check out the Buying Online Businesses website
- Get your copy of the Due Diligence Framework
- Recommended Website Brokers- Empire Flippers, Flippa, FE International, Quiet Light, Motion Invest
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- The Paradise Pack
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- How To Design Your Life And Create A Location Independent Business
- How To Start A Drop Shipping Business & Live Anywhere w/ Anton Kraly