By Tiffany Miles
There are many reasons to try starting a business in college – from earning extra money to preparing the foundation for your future success. Did you know that many famous large corporations were founded when their owners were still students? Larry Page and Google, Mark Zuckerberg and Facebook, Bill Gates and Microsoft, Steve Huffman with Reddit and many other successful businessmen that are now known in the whole world. Your own business built in college will demonstrate your skills, ambitions, and the value of your education, tremendously increasing your chances of employment after graduation.
Make the basis for the bright future
As all entrepreneurs know, a great business requires much time and energy dedication, so sometimes you will have to sacrifice your homework to work on your business idea. Luckily, you can always delegate this job to writepaperfor.me, which you can find on forums and reviews (for example, speedypaper review).
To start your career, still being a student is challenging, but you can balance it with your college life following the tips of current leaders. To join the number of successful founders who began in college, you have to:
- Learn how to prioritize. Before you start working, you need to define primary and long-term expectations and concentrate on it. Split them into time blocks to handle more efficiently. Indicate the amount of time which will be devoted to your idea development in order not to fail your exams, for example, study mornings and work evenings. Create a plan with time-management and a schedule you will stick to balance your studies and work;
- Educate yourself. One of the benefits of starting a business in college is free access to entrepreneurship labs and courses providing valuable startup advice;
- Use college resources. If it’s not too late, choose the disciplines that can help you achieve your business goal. Besides, in college, you can use several helpful resources like free Wi-Fi, library stuff, copy and print opportunities, students discounts on hardware and software and other perks;
- Get in touch with other students. Almost all students are looking for a part-time job to cover their needs so you can use this as a recruitment opportunity for your startup. In college, you can meet smart individuals who can bring fresh, innovative ideas into your business concept development. Pitch your idea and describe the benefits of your collaboration;
- Ask for help. Many colleges have business departments that can provide students with good connections and assist with the business strategy;
- Understand your product. Before you create something, you have to find the market gap and customers who may need this product or service. Pay attention to what is popular now and to top consumer habits. In college, you can ask your fellow students about your product and rely on their opinions as your potential customers. In fact, it can be the first promotion of your product via the student network. Make quick research of your real competitors and point out what makes them successful and what they lack. What is the problem, and what is your solution to it?
- Think about funding. Although many young businessmen start with investing their own money, you can try to look for the early-stage startup funding options. In addition to crowdfunding on such resources as Kickstarter and IndieGoGo, you can contact your college finance office to check whether they can help you with getting a loan, federal grant or fellowship. There are special opportunities for college entrepreneurs funding you should definitely check;
- Find a mentor. College administration can connect you with professionals who can help you expand your idea. Your advisor can present you to people in local businesses or industry experts, give you advice and support you in hard times;
- Create a website. Word of mouth in college is not enough to advertise your company, so start with a simple website featuring your services. This is an essential basic instrument of promotion in this digital world.
College is a great opportunity to start and grow your business using all the free helpful resources and advantages that students life brings. Be ready to make some educational and financial investments and experience several ups and downs until you reach your first positive results. You may also need to get a part-time job to cover the expenses. However, you are sure to overcome the difficulties on the way to your entrepreneurial future.