Regarding #10 in the article, also make sure that you have savings for a 24-months runway, to cover all expenses, even if the business doesn't generate any income. In the first year, all sorts of mistakes will happen and the runway cushion will help you think clearly, without getting stressed, towards being ramen-profitable at the earliest.
Regarding #10 in the article, also make sure that you have savings for a 24-months runway, to cover all expenses, even if the business doesn't generate any income. In the first year, all sorts of mistakes will happen and the runway cushion will help you think clearly, without getting stressed, towards being ramen-profitable at the earliest.
24-months is in the Indian context, YMMV.
Edit: corrected typos.