I didn't mention it in the post, but this was more so coming from an angle of preparing for money running out. How much runway is enough knowing that if I fail there will be some amount of lead time to find a new gig and if that new gig will pay similarly to what I am making now.
That will depend on things you won't know until you start.
How much do you start with, what's your burn rate, how long until you get revenue, are you bootstrapping/funding, your personal cost of living, etc.
Running a business involves risk. Risk to your comfort, your mental health, physical health, financial health, etc. Closing a business is the end of all of that, not the start.
Why do you want to scratch that entrepreneurial itch?
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Agreed, which is why you create a plan to build money and wait until you have enough money to execute on that plan.
The question OP raised isn't preparing for money running out, it's presupposing failure.
I didn't mention it in the post, but this was more so coming from an angle of preparing for money running out. How much runway is enough knowing that if I fail there will be some amount of lead time to find a new gig and if that new gig will pay similarly to what I am making now.
That will depend on things you won't know until you start.
How much do you start with, what's your burn rate, how long until you get revenue, are you bootstrapping/funding, your personal cost of living, etc.
Running a business involves risk. Risk to your comfort, your mental health, physical health, financial health, etc. Closing a business is the end of all of that, not the start.
Why do you want to scratch that entrepreneurial itch?