Looking back in history, several successful companies were founded by college students. Famous entrepreneurs such as Mark Zuckerberg, Bill Gates, and Matt Mullenweg made it by starting a business while in college. You probably are asking yourself: “how can I run a business and still manage to write my paper?” Yes, it is possible! Although starting and running a business in the early stages is difficult, considering building a startup as early as college seems like a wise move.
The lack of time should not be a significant deterrence to your startup ambitions. Nowadays, you do need to worry about where you can find cheap academic papers. Unlike in the above-mentioned individuals’ college times, it is easy to find a reliable site to write my research paper online. The primary objective of the research and term paper is grading. Therefore, if you can manage to earn the best grades, you can easily put up more time into your startup.
Some of the reasons why building a startup in college is a smart idea are discussed below.
1. Lower Business Risk
While in college, you can afford to fail in a business and not mess up your entire life. At this stage, you have nothing to lose. Besides, you do not have several commitments that you will have in the future. Even if you fail maybe in your first attempt, you would have learned how to start a business in college, and maybe use the experience gained in setting up a more successful venture in the next years of college. Immediately you complete your college studies, the risk factor will multiply significantly.
2. Cheaper Resources
In this day and time, internet connection is key to any business. Therefore, the free internet available in most colleges gives you a chance to run a business at a cheaper rate. Also, there are other free resources in the form of meeting rooms and advice from professors, which might cost a lot outside the university.
When you have a student’s title, access to successful entrepreneurs is easier. Successful entrepreneurs and CEOs like to mentor young and ambitious students to become entrepreneurs. Therefore, they tend to dedicate a significant amount of time to a student as opposed to anyone else with business ambitions. Successful businesspersons can teach you a lot since you are not seen as a threat.
4. Ready Market
Fellow college students are a good market representation to test your ideas or products. Therefore, if you start your business in college, you can do cheap market research using the students as your sample market. Also, students tend to tell the truth. Thus, if your product is whack, they will let you know! More so, with most students connected through social media platforms, they can help publicize your idea.
Challenges of Starting a Business in College
Although it might seem like a good idea, starting and operating a business in college is not an easy task. Students who take a casual approach to building a startup end up getting disappointed. In most cases, you will be wondering who will write my research papers and it does not come as a surprise that the idea of running a business and studying at the same time sounds absurd to many. Larry Page and Sergey Brin even considered selling Google when they found it challenging to juggle between startup and their coursework. Lucky for them, they did not!
Lack of capital is another challenge. You may have a good idea, but without enough money to back it, it will be difficult to translate it into a successful startup. Since some investors are reluctant to invest in start-ups, lack of funds may kill your business dream before it even begins.
Building a startup in college is a viable idea. At this stage of your life, the business risks are low. You have a lot of time, cheaper resources, quality mentorship, and a ready market to help you kickstart your business idea. Although coursework may be demanding in terms of lectures and assignments, you can still manage to juggle between your higher education and building a startup.