Insights on 9 Tips for Starting Your Business in College

College is a helpful gateway into the realm of entrepreneurship. Although not everyone needs to attend college to succeed late at their own businesses, it can act as a definitive resource to guide you through your career journey.

In 9 Tips for Starting Your Business in College, published last year on Entrepreneur, I offered some insight into how and why college students should leverage their resources and time to begin developing and focusing on their startup while earning their degree.

First, students need to learn how to prioritize. This can be exceptionally hard for students at first. However, the key to prioritization is to ask yourself why you want to start a business during college, what the value of both school and business mean to you, and if you truly see yourself having a future in this career path. One of the first steps on your road to success is to make a checklist and create a timely schedule to complete all the preliminary responsibilities such as networking and creating a business strategy. This can also help stick to the boundaries you create for yourself such as saying “no” to a party or putting your studies aside to work on your business development plan.

If you find yourself sticking with the business path you’re on, you want to make sure your studies truly support your business growth. For example, make sure you take the right courses that can help you develop the skills you need as an entrepreneur. These classes can help you meet the right people and mentors. During your classes you also should ask business-minded questions such as if anyone would use your business, what makes it desirable and how it could improve. In addition, your other classes can help build a vast perspective on the problems your potential business could solve.

In fact, mentorship is another important resource to take advantage of during college. With so many thought leaders and professors at your disposal, reach out to make new contacts who have professional insight into the field your pursuing. Likewise, reaching out and networking with students who are interested in the same career path can help you grow a community of like minded professionals who can help support each other during the startup process. You might even find recruitment opportunities or even a supportive business partner with other classmates.

There are also plenty of free resources available at colleges including wifi, copy and print resources, library materials, and databases of information. Why not also use some of that free meeting space to hash out ideas and collaborate on business opportunities with others?

These insights and goals can help even the most disorganized or unsure entrepreneur get to a better level of achievement. Especially when you need some guidance, these steps will help guide you in the right direction to unlimited success even if your business venture ends up changing or not working out as planned.

By | 2018-07-20T16:38:19+00:00 July 20th, 2018|blog|

About the Author:

Jake Croman is currently pursuing his undergraduate degree at the University of Michigan—Ann Arbor, where he is a sophomore American Culture major in the College of Literature, Science and the Arts.