Smart entrepreneurs donâ€™t "roll the dice" and risk everything. They take risks---but they're calculated risks. Don't gamble everything: 100 percent of your savings, your credit, putting your home up, etc., in the hopes that youâ€™ll create a successful business. Be willing to invest in your business of course, but not foolishly and not at the expense of everything else.
Making the leap from employee to entrepreneur is a challenging feat. But you can make your transition a lot less financially stressful and a lot more realistic by following these tips and preparing yourself for economic success.