The entrepreneurial path is popular for nomads. Even a lot of the remote workers I meet (or people living abroad) have some type of longer-term entrepreneurial vision.
Plus, it’s easier and more accessible than ever before to pursue this path.
For example, Japan recently(ish) launched a Startup Visa program, letting foreign entrepreneurs come to Japan for up to 2 years (by extending their initial visa) to basically “test” an idea and establish connections to build a business in Japan. This visa is much easier to get compared to the business visa (which requires higher capital and proof).
But whatever entrepreneurial path you take, choose the path that best aligns with your skills, goals, interests and experience.
Also, stay focused on that path and watch out for shiny objects (especially when things inevitably get tough or you experience difficulty).
Popular entrepreneurial paths:
Ecommerce
Selling artwork
Digital products
Digital marketing
Coaching/consulting
Building a micro-SaaS
Building a personal brand
Start a business overseas
Starting a location-independent business
Blogging or content creation (YouTube, IG, etc.)
Starting an online agency (marketing, AI automation, etc.)
Requirements for entrepreneurship
Solid work ethic
A willingness to fail
A drive to be an entrepreneur
Something to offer the market
A business visa if you’ll be operating in a foreign country
Tips for becoming a travel-preneur
Learn the visa rules (and be cautious about doing business in a foreign country, especially if your clients/customers are there)
Have another income source or savings before you leave if the business is new
Go to places that have a thriving entrepreneurial community (like Bali)