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5 Reasons to Start a Business While You’re in College

This may come as a bit of a surprise, but college is about more than partying. In fact, the freedom and resources afforded by most colleges offer students the perfect environment to start a business, should they wish to accomplish such an endeavor. If this sounds like you, or even if it doesn’t and you’re skeptical, read on–here are five reasons to start a business while you’re still in college.

1. Networking and Forging Positive Relationships

You have probably heard this before, but college is the place to network! Because of this, starting a business is easy. The people you reach out to and collaborate with do not even necessarily have to be your friends. Talk to your professors, alumni, and professionals and entrepreneurs affiliated with your school to see if any of them would be willing to either lend some advice or hear your idea and potentially lend you some of their resources.

2. Grants and Other Free Money

Whether you’re seeking an online MBA or an MFA, applying for business and education-related grants and scholarships is a great way to obtain the cash flow necessary to starting a formidable business. Aside from grants and scholarships, though, many schools will hold monthly and annual contests with various monetary prizes. Stay on top of the events your school is holding and make sure that you do not miss out on any opportunities.

3. Access to College Resources

When considering starting a business in college, one of the most common errors college students make is underestimating the resources available to them through their college. Whether you’re applying to Chapman University or Boston College, seek out institutions with notable alumni, well-connected professors, and students, and expansive connections with businesses you would be interested in either modeling yours after or working with yourself. If you do end up contacting businesses for information, make sure to exploit your status as a student to the furthest possible extent. Milk them for all the information you can, as they are more likely to share trade secrets with a student.

4. You Have the Time

Let’s be honest, you have the time. Sure, you might sacrifice a few nights out partying, but wouldn’t it be better to be gaining some necessary life experience starting your own business and simultaneously be working on expanding your resume? Even better, you likely do not have deep commitments that would make a business venture more precarious for someone older.

5. College is About Teamwork, So is Business

One fundamental principle shared by both the business and college worlds is teamwork. Whether you have to manage employees or assist customers, learning to work in tandem with the desires and whims of others is tantamount to running a successful business.


Should You Start a Business While You’re Still in College?

Maybe you too have wondered this, but surely there is more to college than partying. Well, you may be on to something: colleges are the perfect place to start a business for a variety of reasons. If you have been questioning whether or not starting a business in college is the right move for you, read on–the following will help you figure out if your college years are the right time to start your business.

Alumni and Other Resources

One common mistake many college students are guilty of is neglecting to utilize the resources their college makes available to them. It’s never a bad idea to research (and potentially meet with) notable alumni, professors, and students affiliated with your institution. Additionally, seek out third party connections that could prove equally beneficial. One bit of advice, when reaching out to these people, do not hide the fact that you are a student–one of the major benefits of starting a business in college is that organizations are more likely to share information with students.

Collegeis a Great Place to Network

Everyone repeats this ad nauseum, but that’s because it’s so true–college is the perfect place to network! Because of the sheer availability of other productive individuals, starting a business in college provides a huge advantage–provided you take it. To that effect, make sure to reach out to as many people as you can, really put yourself out there. Engage with your professors, alumni, and working professionals and entrepreneurs affiliated with your school. This will help you determine whether any of them would be willing to assist you by offering advice or lending resources.

Learn to Work with Others

Teamwork is essential to any business, but it is also a fundamental tenant of the college experience. Starting your business in college means that it will be easier to transfer this learned efficient onto your business. Even if you are the sole employee, you will need to interface with customers to some degree–learning to do so while you are cultivating your social skills can only benefit your business sense down the road.

You Have Access to All Sorts of Money You Do Not Have to Pay Back

Whether you’re seeking a degree from UAB, Boston College, or elsewhere, you should be scouting and applying for scholarships and grants. Many companies and entrepreneurs offer various monetary rewards for particular demonstrations of intelligence and innovation. Many of these same businesses, and potentially your school as well, will hold various competitions with monetary rewards, so be sure to track your school’s events and be aware of connections in the field you seek to enter.

Consider Your Future

If you don’t have the time, make time–in addition to building your resume, your future self will be delighted. What’s more, you have the time and space to make some mistakes, take risks, and have fun while doing so.