Usually it is recommended that if you are going to start your virtual paralegal business on a full-time basis you should have at least 6 months to a year income saved; but in this economy, I would recommend that you have 1 year or more savings to cover your personal and business expenses.
Here are some cash flow options to keep you afloat while you start your business:
1) Launch your virtual paralegal business while you still have a full-time job.
2) Take on part-time jobs or contract assignments to help with your cash flow.
3) Work for established virtual paralegals.
4) If you have administrative skills; start out as a virtual assistant.
5) Write and sell eBooks about your practice areas. Write guest blog and articles and submit to blogs that are willing to pay for them.
6) Create your own blog and add affiliate marketing.
7) If you are a notary; work as a notary signing agent for banks and title companies.
8) Share your paralegal knowledge as a speaker at legal conferences and webinars online and off-line.
9) Volunteer with legal organizations within your practice areas (you may not get paid but you will gain experience and create a network).