Millenials are creating a new norm of combining business and pleasure. Its no foreign concept, by any means, as people have been doing this for years, but as Generation Y has become more prominent in the workforce, so has bleasure.
Blending personal time on a business trip is beneficial for you in so many ways, the most obvious being that you save money. Whether you are alone and decide to take a few days to yourself or bring the whole family with you, saving money is assured as your company or business will pay for the exact items they would anyways. Of course, your personal account will have to pick up the tab where business ends and pleasure begins. Keep in mind that it may be a good idea to create a budget to stick to for the part of your trip that you aren’t expensing. It can be easy to get wrapped up in the fun and not realize how much you are actually spending since it’s not the usual planned family vacation. You can also save even more money by scouring the Internet for discounts on attractions and restaurants or find free events.
Another benefit is that you are able to see and explore more cities around the US or the world that you may not have had the chance to before. It’s very easy to go on a business trip and only see the inside of a conference room, your hotel and an airplane. By adding on days or spreading out your meetings, you will allow time to get out and enjoy the local attractions. If your spouse or the whole family joins you, the trip becomes a great opportunity to create unforgettable memories, which is priceless.
Here are a couple pieces of advice to get the most “you-time” out of your business travel. First, use the weekends to your benefit. Simply do this by planning your meetings at the beginning or end of the week instead of the middle. This way, you can get a few more days of fun without using your PTO. Additionally, use the Sandwich Rule. This rule basically states that you can count a non-working day as a business day when it is between two workdays. This little bit of information helps extend your trip, allowing for fun and exploration, while also staying within the guidelines provided by the IRS. It’s easy to get the most out of a business trip by simply knowing the parameters and taking advantage of the multiple benefits.
The most important part, which can be difficult, is to make sure you follow the guidelines set by the IRS or your employer. Many people, with and without knowing it, commit expense fraud by simply overcharging the company, which can be done in many different ways. The best way to avoid this is to fully understand the rules and by saving all of your receipts. By keeping records, you have a hard copy to prove what the business paid for and what was charged on your personal account, just in case your company or the IRS have any questions. It comes down to knowledge and ethics, as it is easy to abuse system. Writing a few emails in your downtime on a family vacation is not enough to consider writing expenses off. Stay knowledgeable and ethical and bleasure is simple and enjoyable.
Because of the occasional confusion that can come with combining personal time with a business trip, many businessmen and women are reluctant to take advantage of this opportunity. As bleasure becomes more used, people will become more comfortable and will realize the benefits they have been missing out on in the past. Life can’t be all work and no play, so why not mix business with pleasure?