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.
|  Are you considering starting your own business? What are your strategies for getting a business off the ground? Tell us about it. (more)  A dozen entrepreneurs, a dozen success stories: proof that you don't need a lot of money to make a go of it, but you do have to be smart about. (more)  You know the path to wealth is most often blazed alone. But is the life of an entrepreneur right for you? It may be more realistic than you think, once you get real about what it takes. (more) |
