![]() “When many people start a business, it may be months before they are paid for the first time,” notes Ryan Derousseau, a financial advisor at United Financial Planning Group in Hauppauge, N.Y. Quitting without a savings plan can put not only your new business’s finances in jeopardy, but your personal finances as well. While people leave their jobs for a variety of reasons, one study found that nearly a third quit in order to start their own business. To pay for startup expenses and give herself the six-to-12-month runway that her research -and experience running a vintage shop with her sister on Etsy - had told her it would take to get the business off the ground, Cooper built up $10,000 in savings. The online children’s clothing marketplace specializes in organic and sustainable apparel for babies and toddlers. And because I had laid the groundwork the year before, I saw the opportunity to start my own business.”Ĭooper, the mother of a four-year-old, now partners with her sister to run Young Eden from her home in Daly City, California. “I was one of the last people remaining,” she recalls. She’d been dreaming of running a business full-time, and the moment seemed right. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |