During the third month of my bootstrapped
existence, I was blinded by an opportunity that put
my business at risk.
I’m still a little bitter, but I’ve learned an
important lesson the hard way: “Travel is a
significant investment that deserves your attention
as an Entrepreneur.”
After the bad experience, I took a proactive
approach to managing travelling costs and worked
hard to find ways to save money while on the road.
As the empire grew, it turned from a necessity to
a way of conducting business and keeping costs low.
From that experience and others, here are  FIVE
ways to travel for your business without blowing
your small startup budget on fruitless opportunities.
1. Schedule and plan your meetings yourself
I learned the importance of planning MY own
meetings the hard way.
Plan ahead and make reservations instead of leaving
all of the decisions up to the preferences of who
you’re meeting with.
2. Layover rule
Many major airlines allow up to 24 hours for a
layover without charging an additional fee.
This comes in extremely handy when trying to cram
several stops into a longer trip.
“Stop in Tokyo for a layover and conduct
business, and in less than 24 hours, onto Hong
Kong without paying for a multi-leg itinerary.”
This strategy has been huge for businesses and has
helped trim travel budget by thousands each year.
3. You have to have points to win
I’m a big believer in points and The Points Guy, a
website that helps travelers find the best deals and
use of their frequent-flyer miles.
Points may seem arbitrary to some, but when you’re
travelling multiple times every single month, you
have to take advantage of flight programs and hotels
to make the most of a small travel budget.
I rack up points with every meal, hotel stay, rental
car or flight, and these have helped get many free
trips throughout the year.
Also be sure to get business credit cards with
lucrative points earning plans and great travel
Lastly, check out Skiplagged to find the cheapest
4. Auto rental: book, cancel, book
Whenever I’m going to need a car for a trip, I book
far in advance.
Nine out of ten times, the rates for that same vehicle
are cheaper when I land than when I first booked.
I check rates right when I touch down in a city, and
if it’s cheaper I cancel my original rental and rebook
for the cheaper rate.
5. Land first, book second
Staying in a Marriott in every city is nice, but I wait
until I land to book a hotel room for the night using
either Hotwire.com or HotelTonight etc.
Do your research beforehand to make sure there
isn’t a Penn State football game that forces you to
stay 50 miles away in Altoona -- I learned that
lesson the hard way.
Always think of meals when considering a hotel as
Some chains have free breakfast in the morning and
a free dinner or appetizers from 5-7PM, leaving you
one meal in between to cover outside of the cost of
To making life better!!!
The Entrepreneur Annex!