Maintain an Income Stream

If you are thinking about quitting your day job to start a new business, I urge you to first take stock of your financial situation. Most startup founders need to work for free or limited salary for at least the first 12 months in their new business. Can you survive that long without any cash coming in? What happens if 12 months stretches to two years or longer with limited salary? Often when I am advising first time founders, I counsel them…