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(Reuters) — No. 1: Don’t leap before you look.: More than anything else, severance provides money to live on while you answer basic questions for your business plan: What will it cost start? What will revenues be? Who is your customer and how will you reach him? When will you pay yourself a salary? “You need to figure out if there is a business opportunity here or just an idea,” says Jonathan York, director of the Center for Innovation and Entrepreneurship at California Polytechnic University in San Luis Obispo, Calif.

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