[sgbuffett]

Before one even take one step to invest or start business plan carefully.

Because you are taking risk you need to plan for worst case.

When starting a business you need to make sure the failure of the business does not dig too big a hole for you that you cannot crawl out. If you need funds don't borrow... get a partner that is financially strong.

Too many businesses are started in a haphazard manner with insufficient planning and poorly funded once you get desperate and need to borrow....you enter a situation that you put your future at risk.