Being your own boss is undoubtedly exciting. However, I would liken starting your own business full-time without preparing financially would be like jumping out of a plane without a parachute. Source: Giphy Sure, you might survive the fall. But, it would be very painful and can leave you with regrets. If you are seriously considering quitting your nine to six job to pursue a full-time entrepreneurial career it is vital to getting prepared financially. This will take the financial pressure off so that you can fully concentrate on making your business a success. As such, here are four tips to help you prepare financially before you start a business. TL;DR: How to Get Financially Ready to Become Your Own Boss

• Figure Out Your Budget and Optimise It
• Do Not Touch Your Emergency Fund to Start Your Own Business
• Save More for a Longer Runway
• Start Part-Time First

...