Stealth • 3m
How much money you think you need to save as reserve fund before starting a startup to survive pre revenue days? Or you think starting as a side hustle with job will work? ( Not suitable for me) Reserve money = food + rent (survival)
Depends on your business idea and product/service.
Every one says 6 months but I would advice atleast 1 year work of emergency funds.
In my point of view your monthly income should be replaced with passive income which is automated. Like rent a house or shop or office or you tube channel like that, get fincial freedom first then get into start up and leave job, if you leave job with 6-12 months of salary as emergency fund if start up failed how can you get back to job, create digital assets learn stock market gather money for 10 years and get fincial freedom
If your native place is a rural then you can survive in 6 K to 8 K in metro City and do your business
Zero
I think you are indirectly asking about EMERGENCY FUND. Which is atleast 6 Month of expenses
It Depends like if u live in a rented house or u have children and many more things but I could be wrong
12 x your montly expenses
Depends upon you only.
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OpenAI • 3m
Tell me which city, and I’ll ChatGPT it for you.
Are you paying salaries too?
Depends on sector , and what kind of startup you are working on .
Depends on what ur building my friend.
about 10lakhs
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