What happens if you run out of money?
So I just received yet another grant rejection (5 in a row!) and am feeling just a little depressed about the whole operation. This brings me to a question for my senior readers:
What happens if you really, truly run completely out of cash?
We are not yet close to this situation, but given the current funding climate, I cannot say that I am optimistic for the future. And this left me to wondering, what happens if I don't raise any extra money between now and about 1.5 years from now when the cash dries up?
Our department is pretty strapped so they could probably only help a little. I figure this has to have happened to some people before. What is the protocol?
Also, how do you get started again from nothing? You may have difficulty getting preliminary data for a project if you don't have money to support those data collection efforts. Even if you can get free labor (i.e., undergrads) you would still need supplies. This brings up a tangential question, how do you get money to fund projects that are different from your currently funded work? Most people want preliminary data and you can't get that without seed money. (Oh the chicken and the egg).