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For True Innovation, Change the Way You Travel

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For True Innovation, Change the Way You Travel

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Not Your Dad's Meeting.

This is Corporate Retreats 2.0.

THIS IS A REPRINT FROM MY ARTICLE IN INC -- here. 

Remember when business retreats used to mean holing up in a Marriott or going on a corporate outing? I'm going to let you in on a little secret: Those days are over. Millennials will make up 75 percent of the workforce by 2025, and they aren't satisfied with the status quo of older generations. With fast and affordable travel and a globalized economy, today's workforce is interested in experiences and adventures, not cocktails in the hotel lobby.

If I don't have your attention yet, these facts should help. Unemployment is at 4.1 percent, the lowest it has been in 17 years. Sixty-eight percent of all human resources heads say that talent shortage for full-time positions is one of the biggest challenges they are facing. What does this mean? It means that if you want to attract and keep talent, you need to differentiate yourself. Changing the way your company travels might be just what you need.

 

Millennials will make up 75 percent of the workforce by 2025, and they aren’t satisfied with the status quo of older generations.

 

Creating New Experiences

A friend of mine told me a story that illustrates this perfectly. On a recent trip to Mexico City, his six-person consulting team shared an Airbnb rental in a trendy part of the city instead of paying for hotel rooms. In the evening, they hung out in the shared space of the high-rise apartment and sampled street food from the markets. Some members of his team extended their stay for the weekend and explored other parts of the country on their own. This unique bonding experience led them to an innovative breakthrough with their client and a pivot in the direction he took his business.

This unique bonding experience led them to an innovative breakthrough with their client and a pivot in the direction he took his business.
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Have passport will travel.

They aren't the only ones. My teams have been known to fly to Mexico, where they take boxing lessons in the evenings and tour our clients' construction sites during the daytime. We even made a trip over to Valle de Bravo for a sailing competition. We may have lost that competition to the point of near embarrassment, but we got to know our clients personally and our team made the kind of memories that families share. 

Related How to Travel & Make Money

Making Your Company Look Good

What do these trends mean for you and your company? It's time to think outside the box. When you begin planning your next business retreat, mid-year meeting or stakeholder conference, go for something different. For less than you would spend to take your team to a resort in Palm Springs, California, you can share in an international experience while improving employee retention.

 
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Currency arbitrage 

Desitinations half the price, double the bonding.

In other words, this is an easy way to make your company more attractive and earn bragging rights in your industry. After all, who doesn't want to be known as the company that takes vacations abroad? According to The Boston Consulting Group, companies that don't reach out to millennials today, risk missing the boat as they become the core producers and consumers in our society.

Related: My Restaurant Guide to Do Business in Mexico City

 

Planning a Company Trip 

Planning a company getaway to another country might be intimidating for the decision makers at your firm. That's why I recommend using one of the many travel-planning services that have popped up recently. Remember to price check and make sure the company you choose offers the type of experience you are looking for.

Corporate Retreat

" Hosting your company retreat is about innovating your company's culture."

When you get back to the office after a well-planned trip, expect to see better communication, increased efficiency and lower employee turnover.
— Codie Sanchez

One of my favorites tools for planning is Mezi. Think of it as a free, personal-travel virtual assistant. They take trips from a twinkle in my perpetually wanderlust-inclined eye to reality by booking everything from outings, restaurants, hotels and flights -- and ensure my team gets the best deals. And a couple services that I've researched and would like to try myself include Digital Outposts, which specializes in "workcations" from two weeks to two months long, and Surf Office -- a beachfront workspace that can accommodate up to 80 people.

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"I prefer Latin America..."

Then again, I'm a wee bit biased.

As for where to go, I prefer Latin America. You can find everything you need for a successful corporate outing at a great price. If you're looking for an authentic cultural experience, you can't beat it for its exotic food, fantastic music and friendly locals.

In my experience, people who travel and seek out new adventures are more innovative. And, often, when innovation grows among your employees, so does your bottom line.

In the end, hosting your company retreat is about innovating your company's culture. When you get back to the office after a well-planned trip, expect to see better communication, increased efficiency and lower employee turnover.

Still not convinced? I'll leave you with this. In my experience, people who travel and seek out new adventures are more innovative. And, often, when innovation grows among your employees, so does your bottom line.

So it's not a question of, "Can I afford to take my team overseas?"

It's a question of, "Can I afford not to?"

xoxo,

Codie

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Luck Favors the Bold

Go big... 

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How to Travel & Make Money?

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How to Travel & Make Money?

Office chair redefined... p.s. all these clothes are thanks to  PrAna . Get you some. 

Office chair redefined... p.s. all these clothes are thanks to PrAna. Get you some. 

Getting Lost to Get Found

I have a belief that if you follow your adventure while traveling, you’ll find yourself and perhaps, make money while you do it. That's why I partnered with PrAna to dig deeper into consciously consuming around this beautiful world of ours (see me sporting all their lovely threads!). You see, I’m an Adventure Capitalist at heart. What is that? It’s that roaming soul who follows their adventure to create an opportunity for themselves and others. It’s the explorer who looks at the world around them and is brimming with questions. It’s the human that when they see opportunity, they seize it. I first discovered it with Jim Rogers book of the same name.

Us adventure capitalists, we’re the wanderers, the curious, the Magellan’s who don’t travel to escape but to create. 

If you follow your adventure, you’ll find yourself and perhaps, discover a new person entirely.

We consume and create consciously, focusing on that intersection of passion, profit, and purpose. Many don’t know it yet, but we are the next generation. If you’re one of my tribe of creators, or just curious about how to become one and release that inner wild soul of yours, let me take you on a journey. 

We consume and create consciously, focusing on that intersection of passion, profit and purpose.

My story started years ago as a journalist along the US/Mexico border (you can view my video here) where I got lost to ultimately get found. It continued through finance and corporate America, but it accelerated the moment that I stopped playing by the rules. It took off the moment I focused on becoming a healthier, happier, well-traveled, more interesting human and applying those lessons to business and lifestyle design. That decision to be my crazy self despite the rules led me to understand finance, international business and how to make the globe my office. It led me to the belief that how I consume, create, and cultivate teams and relationships are the most important things I can ever focus upon. 

 

You see I used to have many days spent watching the clock, getting a case of the Monday dreads on Sunday afternoon, counting the days to Friday and otherwise having steady anxiety about my job. Because I used to think that in order to be truly successful you had better bide your time, climb along with everyone else, and maybe even had to wear matching business suits. The horror. 

 

Then one day I picked up The Four Hour Work Week, like so many other young millennials. I read it cover to cover, then I read The Hard Thing About Hard Things, then I read Man’s Search for Himself. And what happened after blending this idea of working to produce, not to log time, with how to build a company, with why it all matters, and finally with how to find yourself, led me to follow my adventure. I left my gig at Goldman Sachs at the time and started traveling for a living in the world of international investments across the Americas. I found this niche that fit me. Emerging economies that necessitated speaking Spanish, where my unique experiences created an edge, and where opportunity abounds because it is just a bit more chaotic than the U.S. 

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Have Passport

WILL TRAVEL... ALWAYS

So I started traveling south, almost weekly. I explored countries like Chile, Colombia, Peru, Brazil, Mexico, Panama, Argentina, and Paraguay to name a few. I was hooked. I realized how you can feasibly make the world your office, can adventure consciously, make money while traveling and then consume so much more thoughtfully.

 

It’s why I partner with companies like PrAna, certainly because I love their sustainable, killer active lifestyle clothing (plus they have their HQ in my second home Carlsbad!), but also because they walk my kind of talk. See it here. With motto’s like “OUR MISSION IS TO INSPIRE HEALTHY, ACTIVE, AND FREE-SPIRITED LIVING,”

Or how they write stories about… “Far off places, inspiring people, and tales that need telling,” what is not to be intrigued by.

 

So if you are with me, if a bit of wanderlust flows through your veins, the question becomes how do you create a life yourself that follows your adventure? When I realized this, my adventure truly began…

Us adventure capitalists, we’re the wanderers, the curious, the Magellan’s who don’t travel to escape, but to create. 

 

When I Found the Travel Secret:

Start with WHY it matters at all..
The secret is that exploring is as crucial to our evolution beyond primates and past the unrealized 80%, as water is to a plant, or as tequila is to my personal sanity. It's a tactile education that opens your eyes, your ears, your soul to all the possibilities inherent in the world. If you can internalize the resounding belief that your adventures further your education, you are on the path.

My suggestion: Read the book Walden. Opens your eyes to the beauty of travel. 

 

Learn the Solo Routine:

“What do you mean you are going to Patagonia by yourself?” just about everyone questioned me. I would reiterate, “I am going by myself because I want to. I'm just heading down south and seeing where it takes me. No itinerary and probably the wrong shoes.”

To which at the end of this conversation most people say, “Be safe,” and promptly switch topics. Here's the thing I'm 30, not 22. Solo international travel is utterly questionable to most people, especially considering I have a relatively high-powered job, familial obligations and then throw on that I travel almost weekly regardless. However, the truth is, if you don't go now you just may never go.

My suggestion: Plan a solo getaway. Could be nothing more lavish than a road trip. Travel courage is a muscle, you just need to flex it. 

The man who goes alone can start today, but he who travels with another must wait till that other is ready.
— Henry David Thoreau.

When the Inevitable Moment Comes SEIZE IT:

Seizing every opportunity in my life is one of the key reasons I've been successful, in a slightly less horrifyingly caricature of Jim Carey in the movie Yes Man, (where he says yes to everything). I do try to take on as many experiences as humanly possible. Carpe Diem may have become a cliché but it became one for a reason, we so very seldom do in fact seize the day. Instead, one day rolls into the next until we look back and exclaim where did the years go? In this way, we fantasize about the future and what we will do with it while putting off today what we will supposedly do tomorrow.

My suggestion: Start with waking up an hour before you normally do. Get work in early and learn to produce at level that is above those around you, freedom is given to those that produce.

 

Your Job Title Is Not Sit At Desk All Day Associate

I want you to ask you a question; are you paid specifically to be present at your desk from 9-to-5? Is your job title, “On Location for 8 Hours Associate”? For most, I doubt it. Your job is related to what you do not how long it takes you to do it. If my team can do in 4 hours what the other teams do in 8, all the better. The rest of the time should be theirs to grow, engage and become better humans. The problem is we need to get your bosses, or if you own your own business yourself, to understand this, and set measurable goals to get the job done while not requiring your entire life be spent doing it. So can you realize that your biggest opponent is yourself? That you haven’t tried to ask the question of, HOW can I become a nomadic capitalist? 

My suggestion: Go to your whiteboard. Or buy one if you don't have one. Write on there how could I travel more and earn money while doing it? Write up as many solutions as possible. See what happens when you start testing them. But be ready, once you take the red pill... you'll never go back.

 

Consume More Consciously

Unless you're hiding a trust fund like Trump, travel may be something that seems to be for those lucky few without real responsibilities. If you are feeling like you don't have the time, the money, the opportunity, start adding by subtracting. So that means we buy less, better things. That next graphic tee you see, skip it. Invest in conscious pieces, reduce, reuse, recycle your wardrobe and your wallet. 

My suggestion: Go to your closet. What in there can you sell online on ebay? Repeat with every room in your house. Money is literally surrounding you. Start making room in your wallet and in your space to allow in the new. AND try a spending hiatus. I like to think of this like a juice cleanse. Before you buy anything you have to wait 24 hours to pull the trigger. It's amazing how many small dimes will accumulate. 

Travel Purposefully

I travel every week. However, I cannot remember the last time I took a trip and didn't incorporate work into it. AND I love that. We aren't talking the kind of work you gouge eyes out over, we are talking playing for a living. Before I took my last two-week trip to Belize here is my list of how I maximized travel so I can do more of it (now you can too):

  1. I reached out to every single hotel to ask for discounts. I got one at every hotel.
  2. I reached out to brands/hotels to see if they would sponsor parts of it in exchange for content.
  3. I got up at 6am every day on vacation and worked the first two hours to fund it. Emails & coconuts baby.
  4. Setup meetings with 3 people I found interesting and that I could potentially collaborate with in country. Email is so powerful. 
  5. I'm a points savage. I use them everywhere and accumulate thoughtfully. 

My suggestion: Try some form of mixing my tactics above. 

So in the words of PrAnaLive fully, play long, and travel well. 

Or as I would say, Follow your adventure.. it’ll take you where you need to go.

Love you animals,

Codie

THIS WEEK I GAVE YOU MY EXACT guide for CREATE A WEBSITE IN 24 HOURS. #Yourewelcome ---> https://www.codiesanchez.com/blog/create-a-website-in-24-hours 

Disclaimer: This is a sponsored conversation written by me on behalf of prAna. The opinions and text are all mine. Comments submitted may be displayed on other websites owned by the sponsoring brand.

 

 

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