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It depends on a lot of things.

In general, building an online business usually takes longer than the founder expects, which should be considered when you think about how long your savings will last.

What about getting a part time job/freelancing online and building a business at the same time?

Part time job/freelancing should cover at least some of your bills so your savings last longer until your business start turning profits.

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thank you for replying, maybe you are right. Do you know how to start a freelance on line, if there is a website or people you know?

With all due respect, Doudowa, you should be able to get this level of basic information by browsing business sites online. I'm puzzled by your questions because you mention that you have both studied Computer Science (so you should be relatively tech savvy) and that you have time to surf online.

If you feel that you have skills are that valuable and can get you paid, then start off on freelancing sites such as ODesk or Elance.

I also suggest to check out Ramit Sethi's material on freelancing at http://www.iwillteachyoutoberich.com

You can actually start by reading this interview:

http://www.1stwebdesigner.com/design/ramit-sethi-explains-ho...

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