Are you fed up with your job and you have a great business idea that you want to take to the world?
Before you hand in your notice and start up, it is essential that you have a cushion of savings in the bank. If you have a safety net of savings, and your business revenue does take a little longer to happen that you planned, then you will have the confidence to know that you can continue working on your business and not have that stress and worry about money.
Take some time now and do a budget of your living expenses. How much do you spend each month? Calculate how much money you need to last comfortable for 8 months and start saving. Having this financial cushion will give you the confidence to leave and take away any potential financial worries as you start your new business.
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