Do you believe in focusing on one project or diversifying your risks?

I can really focus on one project at a time, but overall diversifying your income with multiple streams is definitely the way to go. It's like an insurance policy that financially supports you in case things don't work out.

Other answers by Julia Shem:

• If you had to start a remote business from scratch, what would you do? in category Startups
• What do you think are the most effective ways to help out new entrepreneurs who are just starting out? in category Startups
• How do you assure quality for your customers without doing it yourself? in category Startups
• What is your most memorable adventure as a digital nomad? in category Travel
• What's your take on partners/co-founders? Worth it or not? in category Startups

Other answers in the category Startups:

• At what point should you begin automating the business?
• The start of the digital nomad journey is really tough for me - I'm trying to build something on the side while having a full-time job. However, when I come back home from work I feel so tired I simply can't force myself to work on any new projects. Any advice?
• What are the steep learning curves you had to go through when you made your first business?
• How do you get rid of the fear that people will screw you over when first hiring people in an online business?
• How did you launch your infographics agency from scratch?

Some random answers on our wiki :

• How do you grow yourself? by Jacob Laukaitis in category General
• How did you become a freelance digital marketer? by Thibault Lemaitre in category Affiliate marketing
• What are crypto collectibles? by Benomad Community in category Finance
• How would you start over again building a location independent lifestyle? by Patrick Farrell in category Freelancing
• Why do you think digital nomads are anarchists by definition? by Dan Lawrence in category Philosophy & politics of digital nomadism
• What were the biggest preparations you had to take care of before deciding to live a nomadic lifestyle as a family? by Kierstan Streber in category General
• What advice do you have for absolute beginner entrepreneurs? by Lukas Paskauskas in category Startups
• What was the moment in your life that you realized you wanted to go travelling for an extended period of time and what was the first action you took towards that goal? by Shae Pepper in category Travel
• What is the optimum amount of content marketing to produce? by Natalie Sisson in category Marketing
• How do digital nomads deal with visas when traveling from place to place? by Leo Kipfelsberger in category General