Congratulations! You made it. You‘re in college. But it’s not all fun and games while you’re in school. At some point you will soon realize being out cash with limited funds to hang out with your friends, struggling pay your tuition fees or rent make cause you to looks for ways to make money. You just want start your own company named after you.
if you decide to become an entrepreneur, there would be a number of challenges that you will face to start your journey. But you won’t have a Spiderman experience of getting bite by a radioactive spider to turn you into a superhero. There would be hard days coming along your way and you need to be prepared for that.
Many great business ideas like Facebook, Napster and Angry Birds were first drafted on countless pieces of paper in a dorm room, but no one thought that they would make it to the big leagues. All great entrepreneurs have their own story to tell, but all had one thing in common. They all knew the risks and advantages of launching their ideas while still being in college.
Here are a few advantages of coming up with your own business idea while still learning about business, accounting or marketing.
Know Your Passion
Coming up with a great business idea is similar as having a crush. You still need to find the courage to ask him or her out for prom. It’s the same with your business idea. The amount of time, thought process and dedication required to start a successful business is immense. Make sure that you think, think and then think some more before getting started. You need to know that you have got what it takes to make it big. You need to invest your heart, mind and your money’s worth in something which you enjoy doing. Be it for any college program, course training or even your business idea.
All great business ideas are never perfect from day one. Even if you have a great business plan, it still require hard work and a careful thought process to be successful. By the time you graduate, you would have heard countless arguments for and against your business idea. You will discuss your business idea with your family, friends and professors and everyone will offer advice on how to make your idea successful. Remember, have an entrepreneur’s mindset is valuable in corporate America and it’s never too late to be your own boss.
Grow Your Network of Mentors
Seek out seasoned professionals to help you. They’ll be interested in helping you because you are so young. You will help them reminisce over their college days. They’ll say cliché statements like ‘’Those were the days when I was in college.’’ Most of them actually miss the moments when they were surrounded with cool girls or macho guys wearing varsity jackets. The point being your college years are the perfect time to make new friends and grow your network of mentors. These will eventually be the people who will help you out when you’re starting your business. At any other time, people would usually think you want to sell something or get a job.
Think For Yourself
Seek advice, but always think for yourself. It’s ok to be selfish when you are starting your business. You must be selfish with your time. Being in the professional world teaches you many things about people and how to deal with them. It is easier to take on the challenges or risks while you are still in college. It makes you adapt to changes in a difficult situation at an early age and it makes you a survivor!
Take the Challenges Head-On
Coming up with a business idea and starting it will eventually make you learn some hard lessons. Life just isn’t a bed of roses. You’ll face tough challenges and you would meet a few skeptics along the road who would make you feel like a loser. All you have to do is have a strong heart and not regret even if you fail at it. By the time you leave college, you would have learned everything about your business idea, and you’ll be out of business, still growing your business or thinking about going into to corporate America to save money to start your next business. And next time you’ll know how to implement a business start-up well to make it a big success.
There are no easy ways or shortcuts to launch a business. If nothing comes out of it, you will still have everything you learned running it and that is valuable. You’ll also know how to survive in bad times and get back on your feet. Even if things don’t go as planned, you would have the practical knowledge of marketing or finance. Every experience whether good or bad is worthwhile as it prepares you for what is really out there.
About the author
Barney Whistance is an enthusiastic Finance and Economics blogger who is most interested in global economic climate. Apart from being a Finance major, he is also a Chartered Accountancy Student and planning to complete his Ph.D. in Finance before he turns 30. For more updates follow him on Twitter @barneywhistanc1
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