Planning to quit job to start a business? Here're some money moves for you

Besides having funds to run the business, it is essential to secure the family as well

The transformation from salaried employee to entrepreneur is often a welcome idea. But before jumping onto the start-up bandwagon, you need to plan your finances quite carefully. And it becomes much more critical when you have family and children. 

Most importantly, there needs to be a realisation that it might be a long time before you can earn good money. “Most people do not reach the income they were drawing while leaving even after five years. This needs to be kept in mind. In most cases, the business brings in rewards after very many years,” says Suresh Sadagopan, founder, Ladder7