
Leaving your current position to launch your own venture can be both alluring and fraught with risk. But before taking the plunge, ensure you have a fallback plan and consider these four steps, advises Mark Cuban, a highly successful entrepreneur and investor.
"Save your money first. Don't just leave [your job] unless you know what the hell you're doing," Cuban told Wired last month in a video Q&A. His reasoning: While tales of triumph exist, most individuals who abandon corporate life to pursue their own ventures encounter difficulties or outright failure.