If you dress warm ,it ain't too bad. I strap a five gallon bucket and hand auger onto a sled along with my ice poles which are very small fishing rods and head off across the ice assuming it's thick enough.
No shanty or shelter ,just the five gallon bucket to sit on and the great outdoors all around.(oh.and beef jerkey) kept warm under my shirt.
Usually drill anywhere from 15 to 20 holes while searching for the fish.
most of the lakes or ponds I fish ,I am quite familar with where the fish should be.If after three or four hours I have no luck, I beat feet back to the house.