Startup in collage! Right or Wrong Pros & Cons Complete Explanation How to do your own Startup
While attending college, you can engage in a variety of activities, many of which will appear on your CV and have an impact on your future job. Many millennials aspire to launch a business after graduating from college or later in their careers. However, there is actually nothing that prevents you from launching a business while you are still in school. Of course, there are benefits and drawbacks to launching a business while still in college.
In the last 50 years, some of the most prosperous businesspeople were in their teens or early 20s. Many people, like Mark Zuckerberg of Facebook and Bill Gates of Microsoft, launched their first firms while still in college. Many young people were motivated by the success of Microsoft, Apple, Facebook, and other companies to pursue entrepreneurship, often by dropping out of school.
However, I would advise against dropping out. There are hundreds, perhaps thousands, of college dropouts whose businesses failed to succeed. However, starting a business while you are still in college could be a terrific idea if you have a great idea, want to gain new skills, and want to expand your professional opportunities. Thus, before taking a
Benefits of Launching a Business While in College
You’ll have time to start planning.
If you wait until after you graduate from college to begin making plans for a new business, even though this is unquestionably the course you want to take, you will already be a little behind schedule. The amount of work involved in the planning phase of launching a new company should not be understated.
You must think about writing a solid business plan, consider the start-up costs, the anticipated turnover and profit margins, and the time it would take to return the start-up costs. You must conduct market research to determine who your target clients are and how to attract them. If all of this work is completed, you can start working right away.
You Can Use Resources from College
You shouldn’t undervalue the amount of access to resources you have at your college. Students who want to start their own businesses have access to free counselors, printing and IT facilities, and a variety of awards and financial aid programs.
For entrepreneurs, universities offer a wealth of counseling, mentoring, educational, and financial tools. Finding a professor or graduate student who is willing to give advice on your business plan, for example, shouldn’t be difficult.
You’ll discover that several institutions have running initiatives to aid new enterprises, and in certain circumstances, even spaces are available. There are so many expenses, such as the $970 cost of trademark registration, that any savings should be appreciated.
Numerous prestigious colleges offer resources and cash for company incubation. There is also a Graduate Entrepreneur Visa (Tier 1) program in the UK. Therefore, starting a business while studying is very possible and has a lot of support networks. Of course, getting into the correct university is essential.