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Ask the Entrepreneurs: 8 Ways to Save Money During Business Travel

Ask the Entrepreneurs: 8 Ways to Save Money During Business Travel

Ask The Entrepreneurs is a regular series where members of the Young Entrepreneur Council are asked a single question that aims to help Lifehack readers level up their own lives, whether in a area of management, communication, business or life in general.

Here’s the question posed in this edition of Ask The Entrepreneurs:

What’s your best money-saving tip for business travel?

1. Use Startup Stay

Christopher Pruijsen

    Use a platform like Startup Stay to connect to the local startup ecosystem and save some cash — it’s like couchsurfing for entrepreneurs. Who knows? The connections you make might result in some unexpected opportunities.

    Christopher Pruijsen, FounderBus

     

     

    2. Stay an Extra Day

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    Kelly Azevedo

      Instead of rushing in and out of an event, consider staying for an extra night or two. This lets you take advantage of peak flight rates and better hotel rates when you’re staying for several nights. It also enables you to have time to catch up with new contacts, local leads or colleagues.

      Kelly Azevedo, She’s Got Systems

       

       

      3. Don’t Do It

      Jim Belosic

        There are other ways to connect with people, like Skype and Google+ Hangouts. Travel is expensive and can be tiring. Also, meetings and events don’t always turn out to be as productive as you think they will be.

        Jim Belosic, ShortStack/Pancake Labs

         

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        4. Decide Early

        Aaron Schwartz

          In our early days, I used to wait until the last possible minute to book a trip — I was never sure if the business would “need” me to be onsite, so I deferred the decision. Plan your trips for the year and decide early on which events you can extract the most value from. Then, commit by booking your airfare and hotel at lower rates.

          Aaron Schwartz, Modify Watches

           

          5. Stack Trips Together

          Thursday-Bram 2

            If you know that you’re going to need to take multiple trips in the next couple months, see how many of them you can block together. Last month, I was away from home for two weeks straight — but I don’t need to take another trip until May. It’s exhausting, but it saves money in the long run.

            Thursday Bram, Hyper Modern Consulting

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            6. Don’t Pay Cash to Travel

            Anthony Saladino

              Leverage the purchasing power of your business by charging all your company’s expenses on credit cards with aggressive reward points programs. Purchase everything from materials to office supplies to vendor payments and marketing services on your credit card to rack up points. When it’s time to travel, simply trade points for airfare and hotel rooms.

              Anthony Saladino, Kitchen Cabinet Kings

               

              7. Find a Flat-Rate Airport Car Service

              Benji Rabhan

                Find a flat-rate airport car service that will get you where you need. Almost every city has one. Not only will you save money, but you will most likely be in a more luxurious car with a more professional experience.

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                Benji Rabhan, MorrisCore

                 

                 

                8. Find a Credit Card Without Foreign Transaction Fees

                Matt Wilson

                  If you travel a lot, cards like American Express Platinum are well worth the $500/year fee. If your foreign transaction fees add up to more than 3 percent, this type of card is well worth it. Add in all the mileage rewards, bonuses for signing up and other assorted travel insurances and perks, and you end up saving big in the long run.

                  Matt Wilson, Under30Media

                   

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                  Last Updated on June 1, 2020

                  10 Reasons Why Following Your Passion Is More Important Than Money

                  10 Reasons Why Following Your Passion Is More Important Than Money

                  Elite Daily have got some great points as to why you should chase down your dream job, regardless of how much the wage is. If you’re feeling unfulfilled in your career, maybe it’s because you’re on a path that doesn’t connect with your passion? Maybe it’s time to steer right off that road and take a different route:

                  Money is a very powerful thing, it builds empires and breaks down kingdoms, it allows for dreams to come true and it takes others away, it makes some people happy and others completely miserable. Today the pursuit of money is almost directly linked to the pursuit of happiness, many will argue that money = happiness.

                  However, this is inherently problematic as this mindset leads many people to stray down a path that doesn’t best suit them. When people choose their careers, they are sometimes blinded by money and so choose to follow the paper trail. Although money is great and can buy us all the things that will temporarily make us happy, no amount of money can buy time. Time is our most valuable asset and it is something, that while on this earth, we should spend most wisely. You shouldn’t feel like you’re mindlessly wasting your life away

                  This generation is particularly in trouble because jobs are scarce and many of us will be stuck doing jobs we hate just because we need money. Although this may be the right move for our careers now, this shouldn’t be something we do for the rest of our lives. it is best we search for something we are passionate about. Here are the 10 reasons why you should follow your passion and not the money.

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                  1. Working for money may seem like good enough motivation for one to keep at their career.

                  Every morning Monday through Friday you go to work 9 to 5 sitting their punching away the hours stressing about the work at hand. This is not a way to enjoy your life. Working for 8 hours a day 5 times a week at something that makes you miserable is not the way you live life to the fullest.

                  Many people who choose careers that don’t make them happy will tell you that they would all do it differently if they had the chance. You only have one life, so don’t waste it working somewhere you hate just because of the money.

                  2. You’re more passionate about the work you are doing.

                  There is nothing worse than having to wake up every morning during the week to mindlessly go do work you don’t even care about. However, this is never really an issue when you are passionate about the work you do. If you are not forced to work somewhere because of monetary constraint, you truly enjoy what you do and you never really work a day in your life.

                  3. You can relate more to the work and come up with better ideas.

                  Being forced to do work is one of the most draining experiences. While there are times at every job where you may feel the work may be draining and dull, you have to realize that not every day is going to be an enjoyable one. There are highs and lows, but when you are passionate about the work you you look past the dull days. Your creative process is also different. You are more inclined to come up with creative ideas when you like what you do.

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                  4. Work doesn’t feel like it’s forced upon you.

                  When you value money over your overall health and your passion, you will find yourself in an endless cycle of misery. Work no longer becomes a career or a journey, but more of a  taxing nuisance on your mind and body that has to get done.

                  Every day that you go to work with this mindset you begin to hate your job more and more. While many people feel that they must work hard to retire and have money to enjoy themselves, what’s the point of enjoying yourself in your later years when you spent your life being miserable?

                  5. No matter how much money you make, nothing will help you overcome the feeling of doing something you hate.

                  Many accountants come into corporate America, put in reckless hours during the week and make a great paycheck on pay day. Many of them have all this money piled up, but they never really get to enjoy the fruits of their labor because their labor takes up most of their lives.

                  Many of them hate their jobs because they aren’t really passionate about what they do. Is there a worse feeling than doing something you hate? Eventually this hatred will cause stress and in the long run, it will have lasting effects on your health.

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                  6. You are more inclined to work later hours.

                  When you work somewhere that you are passionate about, putting in later hours isn’t as much of a burden as it is when you don’t like what you are doing. To you, putting in the extra hours doesn’t hurt as much because you don’t feel like you are forced to do it, which makes the experience that much more enjoyable.

                  Every industry has a busy season and without a doubt there will come a time when you will need to put in the extra hours. Will it be easier for you to work longer on something you can relate to or something you can’t stand doing?

                  7.You are willing to go above and beyond the call of duty.

                  Certain obligations at your work will require you to go above and beyond the call of duty. In certain times during the busy seasons, you may be asked to do certain tasks that are not part of your everyday schedule. It is much easier for you to put in the extra work if it’s something you actually care about. Because you are passionate about your job, you will be willing to put in the extra effort to go beyond what is required of you.

                  8. No obstacle will stop you from achieving success.

                  When you really enjoy what you do, nothing will stop you from getting your work done. Because you are passionate about what you do, you feel unstoppable and nothing can obstruct you from achieving greatness. Your passion ignites your work, and like a rocket, it accelerates you past road blocks that may come about. Any obstacle that comes your way is accepted and fought off with a creative solution.

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                  9. Our working careers will consume most of our lives, so we might as well do something we enjoy.

                  You will spend a majority of your life working and there is no other way around this fact unless you are born into a wealthy family or marry rich. For the rest of us who weren’t fortunate enough, we will be spending a good portion of our lives working in order to make ends meet.

                  There is no way around this, so we might as well accept the cards we are dealt. Many people go about this the wrong way because they feel like work is something they have to do rather then something they can enjoy. Once you realize that your career should be something you enjoy, then you will lead a more happy and fulfilling life.

                  10. You will get more fulfillment when you finally make it.

                  There are few feelings better than achieving a level of success you set out for yourself. Nothing like crossing off your bucket list of goals you set out for yourself to achieve. When you finally reach the pinnacle, it is that much more enjoyable knowing you got there doing something you love. Remember work doesn’t have to be something that you hate doing, stay true to yourself and always do what makes you happy.

                  The 10 Reasons You Should Follow Your Passion And Not The Money | Elite Daily

                  Featured photo credit: Randalyn Hill via unsplash.com

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