Entrepreneurship can be an exciting but lonely experience. You start off with nothing and most likely with your peers thinking you’re chasing an impossible dream, or worse, doing nothing of worth. If you manage to prove your worth and build a successful business, you’ll also lose touch with those same peers because your concerns are quite different from theirs, and they most likely start to regard you as the lucky guy.

They say it’s lonely at the top, and that certainly applies to successful entrepreneurs. You don’t need to achieve great wealth or success to start to feel that. Even the mere fact of owning a business and being fully responsible for your and your family’s financial future (not to mention that of the employees who depend on your company)

Baby Bathwater Insititute

Baby Bathwater is a collective of entrepreneurs, founders, thinkers, pioneers, and good-hearted, open-minded humans.

I’ve heard great reviews of these events from friends and look forward to attending at some point.

Visit the Baby Bathwater site

Entrepreneurs’ Organization

EO is the only global network exclusively for entrepreneurs. EO helps leading entrepreneurs learn and grow through peer-to-peer learning, once-in-a-lifetime experiences, and connections to experts.

Entrance to the EO requires you to have a business that generates more than a million dollars in revenue per year, and costs around $6000 to join. It’s aimed at entrepreneurs who are experienced and successful and certainly not at those just starting off on their journey,

Although it might seem a bit elitist, I think the requirements and high fees make sense. The success of the organization depends on its members sharing many of the same concerns and dilemmas, as well as providing useful contacts and advice to each other. It’s safe to say that a beginner entrepreneur will not have the same concerns and capacity to help others that a seasoned entrepreneur at the helm of a $1m and multiple-employee business will.

There are several events throughout the year, and you get subsidized rates to first-class hotels and tours as part of your membership. You’ll find entrepreneurs of all ages and industries in the EO, which means you will also widen your field of knowledge and be able to learn from other sectors that you were previously unfamiliar with or even unaware of.

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There comes a time when you need to sell your baby, I am referring to your website/s of course…

So in such a time, what do you do, where do you begin? Here are the sites I recommend you visit. This also applies to when you’ve got some cash on hand and want to make an investment in an existing website, rather than building something from scratch.

Make sure you read my beginner’s guide to buying and selling websites if you’re not familiar how the business works.

Investors Club

Investors Club is the newest platform of the bunch, but I really like the idea behind it. Basically, it’s a pay-to-join club where all members will be able to browse all the details of the properties available to buy. There is no need to apply and sign NDAs for every project, as happens with other platforms, since the buyers here are all serious and paying money to be in the club in the first place.

There is also the possibility of investing in websites and having the Investors Club team manage the project for you, making this an ideal platform for beginner investors as well.

QuietLightbrokerage

This broker specializes in sites valued at 60k to 5 million USD. They provide an excellent guide on calculating the value of your website.

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With the growing trend of digital nomadism together with location-independent workplaces, we are seeing an increasing number of high network individuals (HNWIs), freelancers and company owners realize that they have the luxury of choosing a country to be tax resident in and (for company owners) also deciding which country to base their company in.

I’ve personally taken a strong interest in this topic as I’ve spent several years as a digital nomad, before adapting my lifestyle to family life with kids, thus slowing down my travels and using European countries as my base.

If you’re looking for consultancy on European tax structuring, head straight to my contact page, or read on for more information about the options available.

The Case for Being Based in Europe

I love the diversity and culture of the European continent, and while I have traveled all over the world, I keep returning back to Europe as a base for living and conducting business.

Provided you can pull it off, residing in one European country while owning companies in other European countries typically brings the best flexibility and tax advantages.

Tax laws tend to change quite frequently, as do the relations between countries. For example, the big countries tend to have a blacklist of countries they consider tax havens, and of course, you don’t want to base yourself or your company there. I believe the European Union currently provides the best flexibility in moving around and building an efficient tax strategy, not to mention the best quality of life.

No EU country can blacklist another country, so you have the security of countries playing nicely. You would perhaps be surprised to know that within the EU tax rates vary between countries in a very significant way.

As of 2021, I believe the best tax setup for most working individuals and families to be comprised of Malta for the corporate setup and Portugal for personal residence.

When coming to this conclusion, I’ve not only considered tax rates but also various other factors that affect one’s quality of life, as I believe that while tax optimization is an important exercise to protect your wealth, it should never occur at the expense of lifestyle.

• Lowest effective corporate tax rate in Europe – Malta (5% with a trading and holding company structure)
• Lowest personal taxation in Europe – Portugal (0% under the NHR programme)

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