Ready to jump, how do I?
3 comments
In my opinion, 4 months is not enough of a stockpile if you don't have any contacts and don't know where to start.
If you have an idea and willpower, you need to be able to work on that idea for at least a year; either via investments or savings.
Of course, this is just my personal opinion; other people here may be less risk averse. But until we know the longer term health of the economy, a year of safety seems about the minimum to me.
If you have an idea and willpower, you need to be able to work on that idea for at least a year; either via investments or savings.
Of course, this is just my personal opinion; other people here may be less risk averse. But until we know the longer term health of the economy, a year of safety seems about the minimum to me.
It's a REALLY bad idea to start a business when you are desperate. Work on your business nights, and let your day job pay for it. Hire people, manage them and let them be working while you are in the office. Dedicate half your income to your startup, and you will get there without any risk. If you do what you are doing now, the fear will prevent your business from being a success.
Breathe deeply, relax. You're obviously bright and driven but don't let it drive you to desperation.
You need a partner, a co-founder to share your dream and workload. Start there.
You need a partner, a co-founder to share your dream and workload. Start there.
I'm scared though. I only have enough personal runway for about 4 months. I don't have contacts with any VC/angel type people. I don't know anyone who can advise me on the crucial aspects of forming a company in California or anything dealing with the IRS. Where do I start? Am I just crazy even though I'm unhappy?