Firing people is never fun - about the only good thing that can be said about firing is the more you do the better you become at it.<p>It is pretty obvious to say don’t run out of money, the trap to avoid is thinking that if you can just hold out another week everything will be OK. I nearly fell into this myself and to this day I don’t know if I fired everyone too soon or not. Would the contract have come through if I held out a month longer or would I just have got myself into a deep hole that I could not get out of?<p>The reason I did pull the plug when I did is I had decided long before that if we ever reached a minimum bank balance I would pull the plug. I think if I had not had this concrete number I might have tried holding out that little bit longer.