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Readiness & Constraints
Financial runway planning
Runway is the number of months your business can survive before it runs out of money. For you, it also includes your personal survival.
- The Calculation: Runway = (Personal Savings + Business Capital) / Monthly Burn Rate. * The "Immigrant Buffer": In the U.S., your burn rate is higher because of health insurance ($400-$600/month) and potential legal fees for visas ($5,000-$10,000).
- Aim for 18 months of runway before quitting your "day job." This gives you 12 months to build the product and 6 months of "emergency time" to find a new job if the startup fails.
Free Resource: How to Calculate Your Runway
Resources
Record your progress
Mark this subsection complete to track your progress.
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