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4 steps to starting your own business

Before you ditch your job to become your own boss, remember this: Entrepreneurship is time consuming, stressful and draining - and that's before you even launch. Take these steps first; then you can walk out the door.

Plan to survive on your new nonsalary
Plan to survive on your new nonsalary
Once you have an idea for your venture, you need to think realistically about how much money it'll take to get going and how you'll support yourself and your family while you're not drawing a salary. Expect that period to last a year or longer, so put aside at least 12 months' worth of living expenses. Another alternative is to moonlight during the first few years. To bring in money, gamemaker Michael Vien is doing marketing consulting part time for small business owners he knows from his previous financial services job.
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