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It's tough to overstate the amount of savings you should put aside. I'd say that even if you save for "18" months - there is a lot that can happen that you woul
by richpalmer2 15y ago
It's tough to overstate the amount of savings you should put aside. I'd say that even if you save for "18" months - there is a lot that can happen that you wouldn't even think to put on your expense plan, both in your personal and business forecasts.
My cofounder and I quit our jobs and had "12" months saved up according to our plan. 9 months in, and no revenue yet, we found ourselves with no runway left, and needed to get contracting jobs on the side. As Jacques mentions, when you take this approach, a lot of your "good time is spoken for".