If you don’t have $250K in the bank, don’t go all-in with entrepreneurship

Unless you’re very young or don’t have family.

I tried going all in and struggled miserably, ultimately failing. My situation is a little extreme — 4 kids — but I recommend the above anyway.

The logic is simple.

If you are starting your business from scratch, you can’t expect to pay yourself initially; your business won’t be making enough money. Any business needs time to ramp up from nothing to something. Whether you are doing a fancy tech start-up and…