#11: What’s Your Financial Runway?

Scott 04/04/2020 62

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“9 months of zero revenue from his business but he gave himself a 2-year financial runway.”

Welcome to episode 11 of Entrepreneurs Can Party! In this episode, I’ll be offering practical advice on how you can transition out of your 9-5 into your side hustle by thinking about your financial runway.

Key Points:

  • What is a financial runway? (5:22)
  • Fully committing to your side hustle vs building it on the side (7:01)
  • Speed vs risk (9:05)
  • Calculating your financial runway (10:57)
  • JLD: 9 months of zero revenue from his business (13:57)

Resources I highlight during the episode:

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