![]() Lots of people think this is the way they should start their business. saving up 6-12 months worth of expenses as a buffer). So this might involve saving up some money so you’ve got a runway of income in your bank account that you can rely on while you are getting your business going (e.g. The next path is to plan ahead for your new business and spend time while you’re still working and earning a stable income to plan for your future as a business owner. It’s also likely to be pretty stressful and not all that enjoyable, at least as you get going. In some ways this could actually be a good thing as it could help you avoid procrastination or avoid doing things that scare you (which is common for new business owners!) as you will have to find a way to make your new business work and bring in revenue to pay for your life.īut this is a pretty risky way of starting a new business as you’ve not tested any of your ideas before starting and you have no idea if you can make it work or not. ![]() Starting your own business under these circumstances will be quite stressful as you now have to figure out how to make your business work and get revenue in the door as fast as possible. Your options here are to either go and get another job or to take a leap of faith and start your own business. In this scenario you quit your job because you’ve had enough of your over bearing boss or you get fired or let go due to unforeseen circumstances within the company you are working for. ![]() Path 1: You quit or get fired from your job ![]()
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