- Joined
- Oct 6, 2018
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- 234
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Greetings,
I have noticed that many people have been resigning from their jobs after reading Unscripted or TMF. One of my acquaintances has also resigned to initiate his venture. While starting a business is an excellent idea, it is crucial not to act recklessly.
Presently, my friend is facing significant financial challenges in establishing his startup due to the lack of a solid financial foundation before leaving his job. Therefore, I have some financial guidelines for you:
I have noticed that many people have been resigning from their jobs after reading Unscripted or TMF. One of my acquaintances has also resigned to initiate his venture. While starting a business is an excellent idea, it is crucial not to act recklessly.
Presently, my friend is facing significant financial challenges in establishing his startup due to the lack of a solid financial foundation before leaving his job. Therefore, I have some financial guidelines for you:
- It is important to have a contingency fund that covers at least a year's worth of your living expenses in case of any unforeseen circumstances.
- It is not essential to have a significant amount of capital to start your own business. Remember, successful companies like Facebook started from a dorm room.
- Investing in yourself by learning about entrepreneurship and business through reading books or taking courses can prove to be a valuable asset.
- Having a well-thought-out plan on when to quit your current job and how to manage the transition to your own venture is crucial for a successful launch.
