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RE: Managing the Stress of Entrepreneurship and Avoiding Burnout
I read somewhere that it is good to have a safety net to fall back onto before you start your entrepreneurship journey. Certain entrepreneurs regretted that they did not stay long enough in their previous job to amass a substantial amount as a safety net. Having a safety net can reduce the stress level. Just my own opinion.
100% agree. Having more capital to start with gives you more cushion and the ability to purchase different tools/infrastructure which will make everything a lot easier. However, I've found sometimes when people have too much start up capital they spend it foolishly. Having to bootstrap it forces you to think about where every dollar goes. I've learned sometimes it pays to bargain hunt and other times (as with the lawnmower) you end up paying more.
Yes, I have seen countless start-ups that simply wasted all of their investor's money.