Expat Living 101.com Blog » rich

What’s your biggest obstacle to building a successful career abroad?

Paul Allen — Thu, 31 Mar 2011 17:05:52 +0000

Millions of people around the world dream of a new, more fulfilling life by moving abroad. Unfortunately, only a small percentage ever makes it happen.

So what is stopping the rest?

For most, I imagine, it is money. After all, if you are rich enough to live where you want, and can come and go at will, then the world is your oyster.

Most of us are not in that liberating position. Instead, we have to find a way to fund this dream life overseas.

Which is where the challenges start. Questions crop up like …

Am I eligible for a working visa?
Will my qualifications be recognised?
What job can I get?
How much will it pay?
Can I get my business idea off the ground?
What hoops will I have to jump through?
Is there local demand?

There can be so much uncertainty about making your relocation financially viable that I think many people just give up on the idea.

Seems a shame, doesn’t it?

If any of this has happened to you then Megan Fitzgerald, an expat career and personal branding coach, would love to hear from you. She is conducting a poll of current and aspiring expats to find the answer to an intriguing question: what is the biggest obstacle to building a successful career abroad?

The poll’s findings will reveal the most common problems people face, and hopefully offer some useful insights into how to overcome them.

To take part in the poll go to http://linkd.in/i9pnWY.

UK Opens Arms to the Wealthy

Paul Allen — Wed, 19 Jan 2011 22:59:25 +0000

As ever, money talks. The UK government may be trying to curb overall levels of immigration into the country, but for those with the cash the doors are opening wider.

At the tail end of 2010 the government’s Home Secretary announced new limits on various components of its points-based immigration system, making it harder for non-EU citizens to enter the country. The changes will take effect from April 2011.

However, it also emerged the Tier 1 Investor and Entrepreneur categories would be made more attractive to applicants. In addition, a new Tier 1 category, Persons of Exceptional Talent, will be introduced for internationally recognised people.

No details of the changes to the Investor category were released at the time of the announcement. However, it appears one aspect will be to reduce the time it takes for a qualifying person to be granted residency.

Investor criteria

The Investors category is designed for those who intend to make a substantial investment in the UK[1]. To be eligible, applicants need:

a) A minimum of £1 million of your own money in a regulated financial institution that you can dispose of in the United Kingdom, or

b) Personal assets of more than £2 million, and a £1 million loan from a financial institution regulated by the Financial Services Authority.

Successful applicants receive a three year visa initially, which can be extended for a further two years. Partners and dependent children are also covered by the visa, and are free to work/attend school. After five years visa holders can then apply for permanent residency.

Residency fast-track

Under the upcoming changes, though, it appears there will be a new fast track to residency for the wealthiest. The qualifying periods look like being:

5 years for those investing £1m-£5m
3 years when investing £5m-£10m
2 years when the investment is £10+m

When you’re rich, the world really is your oyster.

[1] See the UK Border Agency website for more details, http://www.ukba.homeoffice.gov.uk/workingintheuk/tier1/investor/

Book Publishing: The Future … Part I

Paul Allen — Mon, 12 Oct 2009 14:51:26 +0000

Many years ago I read Peter Mayle’s classic A Year in Provence.

At the time I remember thinking ‘Blimey, that’s the life.’ Writing a few hours a day and then trailing around the French countryside the rest of the time.

Hardly a deep, or unique reaction I know. Everyone thought the same, which was why the book went on to sell so many copies and turned Peter Mayle into a rich and famous man.

What was perhaps different was my next thought – ‘That’s what I want to do.’ Become a writer, first and foremost. And live abroad.

Well, I’ve done the moving bit all right – first to the States, and then six years ago to Spain. But now, at last, I’ve got a book coming out too, which I hope will be the start of an even more wonderful journey.

There is, after all, a certain kudos to being a writer.

Millionaire novelists like J.K. Rowling, John Grisham and Stephen King spring to mind. Or perhaps the literary cool of an Ernest Hemingway, Jay McInerney or Zadie Smith.

And the non-fiction arena is an even bigger market. Self-help bibles, business success stories, health and fitness guides, even cookery books have the power to turn their authors into celebrity figures.

And even if it doesn’t make the New York Times bestseller lists, a book can act as a badge of status that a writer can leverage for speaking engagements, workshops, coaching programmes and a host of other money-spinning activities.

No wonder so many people dream of becoming an author.

But the traditional publishing world has an uncertain future.

There are the big success stories of course, with millions of copies of certain titles – not least the Harry Potter series – flying off the shelves.

Nevertheless, reports indicate that for years the general public as a whole has been reading less and less. It doesn’t bode well for your business then if demand for your product is steadily falling.

Plus publishing has an idiosyncratic business model. For while the publishers bear the expense of producing and – less frequently these days – promoting their books, any unsold ones can be returned by the retailer without having to pay for them. The publisher then has to find warehouse space to store them, or pay for them to be pulped.

In other words, they face all the risk for the success or otherwise of their products. Can you imagine any other business working that way?

So it’s no wonder publishers are keen to focus on what they think will be surefire successes – the celebrity writers with marketable names, and established literary big guns with a track record.

Which isn’t to say new writers can’t break in. Arguably those that are good enough, and keep submitting, will get noticed by agents and publishers, who are full of talented people as keen to sign the next literary superstar as the writer is to be one.

But it’s not easy for the aspiring debutant. And the rewards for all that work are often pitiful.

Meanwhile a mass of mediocre books continue to hit the display stands, largely on the strength of the author’s name blazoned across the top.

But an alternative future is emerging … which I’ll come to in Part II.