How Students and Young Entrepreneurs Can Start Their Own Business While at University

Think global! How to start a business, how to make it unique, where to take money, how to attract investors, how to attract the attention of society? These questions are repeatedly put by those, who have decided to engage in entrepreneurship.

It’s highly recommended by scientist and specialists to start your own business while the university is studying, and there are many important reasons for it, that you can see below. If you are a student, why not read more essays about a fashion?

Six reasons to start your own business being a student

1. You will never have so much time. Use it wisely, do not be a fool.

The average working week lasts 40 hours (if you are not an American performance of guru Timothy Ferris). The fact that most of us work in several places at the same time is true, sometimes 8 hours of sleep is an incredible luxury. We are sorry to mention the times when we were free at 15:30 and enjoyed summer holidays every year. In adolescence, you have much more time than you can imagine.

2. Use free resources. Your school is one of them.

Here’s something about the real world: after school, you will have to pay for your education, as well as for everything else. Take advantage of the moment. In the future, you will have to pay much more for everything, starting from travel to entertainment. Nowadays, many schools start to keep up with the real requirements for practical business skills and add special electives to the schedule. Laboratories, studios, and equipment – all of this stuff are still at your disposal.

3. Take advantage of your environment.

You will not have such a permanent environment in adult life. The group mates are a great springboard for product testing, and the principle of organizing school education will ensure quick dissemination of information and excellent marketing.

start your own business

4. Make mistakes, don’t be afraid to start.

Starting your own business is a risk at any age, especially if your family’s material well-being depends on it. Get started now, until you don’t have to spend a lot of money and someone provides a roof over your head.

5. Education is a very valuable thing, but you can not get the most useful skills based on the school table.

Formal education is very important, but it will not make you an adult or full personality. We are sure that children should be pushed to work on their own business so that you can discuss business with them (profit, loss, risks, rewards). The ability to prove that you have gone through ups and downs when you set up your own business and self-earning money is very important. Sometimes it’s even more important than a piece of paper from a university, where it’s written that you’ve been going there for four years.

6. Use the status of your parents.

You are young. Energy is the key to your success, and the possibilities are simply unlimited. You feel the power, right? But this happens only with the consent of your parents. If you start your own affairs at a minor, legal issues may arise. In many countries, you have not reached the age required for signing transactions with legal force or credit card registration in your name yet. In Canada and the United States, minors (under 18) cannot sign contracts. But your parents can sign it for you (you should contact an accountant or a lawyer to find out how to do this).

Do what you like. Turn your hobby for business

As far as you can see, it’s very easy to start your business being student or a young entrepreneur. Usually, hobbies are becoming the best business ideas for young entrepreneurs, as well as for any other person. Let your love for animals lead you to the creation of a local dog-friendly service, and sewing admiration – to the online clothing store. Learn the skills of life and business, do what you do in your free time. Additional money will never be superfluous.

Take a look at your competitors. What price do they ask for a similar product or service? If they offer you to have the same value, ask for the appropriate price for it. Parents or mentors can help you to determine the price; you can also refer to online sources.

Posted by Dragan Sutevski

Dragan Sutevski is a founder and CEO of Sutevski Consulting, creating business excellence through innovative thinking. Get more from Dragan on Twitter. Contact Dragan