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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.
Can You Go to College While Running a Side Business?
Going to college as you run a business can help you succeed. A degree can provide a better business perspective and additional ideas to expand and grow the business. Furthermore, studying while running a business can also help you make better decisions.
But, running a business and going to school simultaneously can be tasking for most students. However, with proper planning, before you join college, it is achievable.
This article will enlighten you on how to run a side business and still go to college and succeed in both endeavors.
1. Identify your GoalsStart by planning what you intend to achieve by going to college. You may want to go to college to obtain a degree in business management to improve your business skills or take communication classes to become a better entrepreneur or employer. Know your objectives and identify how a college education will help you achieve them.
Nowadays, you do not have to attend class physically. You can take online programs from the comfort of your home or office. If you want to join an Ivy League school, you can learn more about Going Ivy here to prepare you for the journey ahead adequately.
2. Create a Checklist and a ScheduleIt is not easy to study and be an entrepreneur at the same time; once in a while, you will be overwhelmed. However, to avoid neglecting either activity, create a to-do list. This can be a daily or weekly schedule and checklist to highlight vital deadlines. Also, checklists help maintain focus and optimize certain goals.
You can split particular goals into time blocks to help manage issues more efficiently and maintain focus. For example, you can have 50-minute study blocks and take 10-minute breaks in between, simplifying bigger tasks and optimizing focus.
3. Utilise College ResourcesYour fees and tuition do not only cover class attendance; they also cater to resources and services that you can exploit to run your business. Colleges have free access to library materials and Wi-Fi and free or cheap printing and copy services that can significantly help you save on certain costs.
Furthermore, the university’s business school probably has professors and counselors who can help you perfect your business plan and offer useful advice on improving your product or service.
4. Look for Funding OptionsFinancial growth is essential in the initial stages of a business. If you are eyeing to obtain money flow, you can find funding sources in college for your business. Scholarship and finance offices can help you obtain scholarships, grants, and fellowships that provide financial assistance to students. You can start by creating an email account with the address ending with “.edu” to make you eligible for funding options that are the reserve of student entrepreneurs.
Another way to obtain funds is through crowdsourcing. This method helps entrepreneurs generate startup revenue, drawing attention from investors and businesses. While still studying, reach out to a unique and huge school community to market your product or business. If possible, have a crowdsourcing occasion on your campus.
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