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Expert Answers to Biz Questions
Listen in! Pick up some expert advice to a reader's question that we selected from CyberSchmooz.
On Becoming an Entrepreneur in College
If you’re graduating in a few months or even still a freshman in college, you’re more than likely planning your career and dreaming about the future. Working hard for your degree while you’re in college will pay dividends if you’re planning on landing one of your top 5 jobs or entering the corporate world. That said, others dream about becoming entrepreneurs and creating something that’s their own. Here’s a quick look at a few tips for those who’re considering becoming entrepreneurs while they’re still in college.
Follow Your Passion
Dedication and hard work will take you all the way to the top, but before you’ll be able to move forward, you have to have a passion about your concept and business. While you’re pursuing that architecture degree, if you decide to start a business while still in school, you should take the necessary time to work out just what it is that you’re doing and why you’re doing it, as well as what exactly you plan to bring to the marketplace. Consider the big picture so that you’ll be able to define your key messages and mission statement. How could you describe your business in just a few sentences to people who don’t know anything about it?
Like-Minded People
If you’re the type of person who enjoys helping people, and you’re making great grades, you might consider starting a tutoring business. Team up with others who have the same goals but who might be proficient in a variety of subjects so that you’ll be able to offer more diversity with what you offer. This will not only help you but will help other students at the same time.
Research the Competition
All of the brightest entrepreneurs, whether in college or out of it, will know that you need to research the competition. While you’re in school, you’ll have quite a few research resources right at your fingertips. You’ll also have access to business and social networking groups where you’ll be able to talk about different trends and ideas. Use these resources wisely to do a bit of in-depth research when it comes to your competition. Read up on their startup phase and stories, take notes regarding what they’re currently doing and pay attention to any news or press releases about them so that you’ll be able to identify opportunities in the market.
Connect With Your Professors
Once you’ve defined your reasons to start a business and what it will be, you might want to make use of your professors. You might be surprised at just how many of them have experience when it comes to launching their own business ventures or who were involved in incubator teams or startups within the community. For this reason, it’s imperative that you not be hesitant to reach out to them to serve as a mentor or simply to offer guidance or advice on what you should do to get your business off the ground. If you happen to have enrolled in some sort of entrepreneurship course at the college, you might even be able to turn your final project into an actual business and have your professors provide you with direct advice and/or guidance with regard to making it successful.
Jumping right into starting your own business while you’re still going to college can be an experience that’s incredibly rewarding. On top of that, your dream business may even be able to come to fruition much sooner than what you had originally planned. If you take advantage of the tips you’ve read here today, your business venture will be off and running while you’re still in college.
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