Expart Entrepreneur – Do You Have What It Takes

Expat entrepreneurs live a certain lifestyle that allows them to be at home in a foreign country so to speak. There are different reasons why people move abroad. Retirement, health reasons, family, the climate, the career of the other half for example. I have been living abroad for longer periods in my life and I have always enjoyed it. For me, being a Dutchman living in foreign countries has always been good. We meet each other in the so called expat communities and find ways to support each other on may occasions. This really is an article based upon my own experiences and observations.

Expat Entrepreneurs Categories

I have been observing quite a few people who moved abroad initially for job reasons. If they are not diplomats who are automatically rotated to next destinations, they usually end up in three categories after the expat contract has come to an end.

1. Accept a regular job

Usually, this happens if they get roots in their new country and need to make a living. Continuing the profession they had is the easiest way to keep themselves going in the host country. Big disadvantage usually is the drop in salary, bonuses and other nice perks that come with an expatriate contract. Life is all about choice.

2. Go back or move on

If they do not have roots in the host country, they are likely to move on again. Either to another location on another expatriate contract or they might simply go back to where they came from.

3. Become self employed

If you like to be in a foreign country and have saved up some cash from your expatriate assignment, becoming an entrepreneur is a very attractive option. Most of these entrepreneurs tend to choose something they can take with them should they decide to move on. Also, because they are not completely local or might not speak the language, they typically benefit from globalization allowing them to plug in from anywhere in the world.