"Digital Nomadism: A New Paradigm for Entrepreneurial Freedom"

Abstract

The rise of digital nomadism is revolutionising how entrepreneurs live and work, offering unparalleled freedom and flexibility, as location independence is a key driver of entrepreneurial freedom. This paper explores the concept of digital nomadism and its impact on entrepreneurial freedom, examining the opportunities and challenges presented by this emerging paradigm. According to a study by the World Economic Forum (2021), "remote work can lead to increased productivity and job satisfaction".Makimoto and Manners (1997) predicted that companies would evolve to remain competitive in the global market, leading to a societal shift where individuals would face a choice: adopt a settled or nomadic lifestyle. In other words, people would need to decide whether to establish roots in one place or embrace a more fluid, mobile existence. Our findings suggest that digital nomadism is a viable alternative to traditional entrepreneurship and a catalyst for innovation, creativity, and sustainable economic growth. However, we also identify key challenges, including the digital divide, social isolation, and policy frameworks that hinder the growth of digital nomadism. This research contributes to our understanding of the future of work and entrepreneurship, highlighting the need for policymakers, educators, and entrepreneurs to embrace this paradigm shift and create supportive ecosystems for digital nomads to thrive.