Have some savings at hand
While tapping into your savings account isn't ideal, it's common for many start-ups to dig into their savings to start the business. When putting together your business plan, be honest with yourself about how much you're going to spend and work out a budget.
Be realistic on how much revenue you're likely going to bring in. Forcast how long it will take before you see some form of profit.
It takes about six months on average before you may start seeing any cash flow. Make it an intention to save at least six months' worth of living expenses so you can dedicate yourself to your new business.
Keep your day job
You can reduce your financial risk by keeping your day job, even if it's on a casual or part-time basis. When you are just starting out, having some stability can be a lifesaver.
While this does mean you will have less time to dedicate to your business, and that you may have to work harder, it means you can still put food on the table and pay your bills.
Try to allocate some savings aside each week in the lead up to your business launch. The money will help keep things ticking along until it starts to generate revenue. As your business grows, you'll be in a better position to quit your day job and launch into your business full-time.