3min chapter

Let’s Buy a Business cover image

How to Transition from Employee to Entrepreneur?

Let’s Buy a Business

CHAPTER

How to Be an Entrepreneur

A lot of great entrepreneurs can never go out and do this for themselves because of their burn rate. They just live a lifestyle that's too high and they can't get out of their cushy job. If you have tendencies to do that, do things that will allow you to protect yourself from that. You typically need six to 24 months of savings. And as we're talking about the finances, something that you're going to have to do eventually is are you willing to walk away from your nice salary? It's okay if you're not, but you will have to answer this question.

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