Starting a part-time business to reduce entrepreneurial risk

Many people think that starting a business has to cost a ton of money and has to be something that they throw themselves into fully. Without thousands of dollars in savings, they think there's no way they can own the small business of their dreams. And that's simply not true.

If you're going to quit your full-time job to start a small business, you probably do need a fair amount of money saved, especially if your family relies on your paycheck to pay the bills. It can be months or years before a business owner is in a position to take a paycheck or can turn a profit.

But it's possible to start your small business without thousands of dollars saved. You can do it by starting your business part-time while you stay at your regular job. Of course, you have to be sure that you're not violating any work rules, and you want to be sure that you're not running your business on your boss's time. If you can do all that, you can start your business with little savings.