There's a saying in sailing that goes like this:
"one hand for the ship, one for yourself"
What this means is you need to have one hand to hold onto something in case bad things happen. If you are starting up a company, you need to make sure you and your family are taken care of. Have reserves, take a second job, whatever.
Yeah, it sounds obvious but it is very easy to get caught up in possibilities of a new venture and find oneself in a financial mess.
Learned this the hard way during 2001/2002. Learn from my mistakes.
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