Start a business without spending all your personal assets

12/27/2012 | Inc. online (free registration)

It's important not to devote all of your personal assets to your startup idea, Bill Harris of Personal Capital writes. "Until you have $1 million or more in safe assets, don't invest more than 50 percent of your net worth in your business." It's a good idea to work with a business partner and to set up an account to cover your personal expenses, he writes.

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