Always wanted to be an entrepreneur? Well, you don’t have to wait until you are done with your degree to start a venture. Building your startup while still pursuing your tertiary education can be the best thing you ever do. In this artcile, you’ll see the top 6 tips to jump-start your startup idea while still in the college.
There are numerous advantages to starting your business while still in school. Some include lower risk (as you got little to lose), free access to valuable resources, a large market for your products/ services, and access to mentorship. Now that you know building your startup now is a great idea, what should you do to kick start it?
Come up with a Plan For Your Startup Idea in College
To succeed in anything, you’ve got to have a plan. So, don’t wake up and day and start your venture. Take some time to plan things, including how you will manage your time between your startup and school obligations.
Remember, transitioning to a startup owner, alongside being a student, means that you have little or absolutely no free time. Therefore, be ready to make the needed sacrifices. Once you make a plan, commit yourself to execute it.
Pick Courses that Align with Your Business Goals
Balancing study and business will be easier for you if you align the two together. That is to say, pick your courses wisely. Whether it’s your major or elective courses, ensure that they help advance your business model and future goals. By choosing the right classes, you work to get good grades as you also learn how to manage your startup better. As a result, a great way to startup your idea while in college.
Take Full Advantage of Free Resources Available to You
In college, you can access resources such as the internet, the library, online databases, mentors, and printing services for no cost. Don’t take these resources for granted. If you were not a student, you would need to pay for them.
Please take advantage of them to help your business grow primarily in the initial phases when you aren’t making any profits yet. Remember to use your student ID to get discounts whenever you can.
Recruit and Collaborate with Your Fellow Students
Your campus provides not only a ready market but also a vast pool of affordable labor as well as partners. Lots of students have free time and would be willing to pick up a gig on the side. Recruit them to handle different tasks within your startup.
College also has all kinds of people. Therefore, it’s an excellent place to find like-minded people you can collaborate or partner with if you need to. In fact, lots of business partners today are connected to a university.
Look for Funding Sources For Your Startup Idea in College
Your startup will require funds, which you most likely don’t have, to make it off the ground. Start by pitching your idea to your closest friends as a way of looking for investors. You could also try student communities or organize a crowdfunding event on-campus.
Don’t forget to visit your finance office to find out if there are loans, grants, or scholarship options for student entrepreneurs. There are numerous ways to look for capital for your startup; even parents or family members could be potential investors. If your parents take out loans for you those are called parent Plus loans, and the good thing about those is that they can be refinanced or transferred. If you never heard of parent plus loans refinancing Purify wrote a good explanation.
Work with a Schedule and Get Help When Overwhelmed
Always have a schedule or to-do list to govern your day. You could make it on a daily or weekly basis. A schedule will help you to plan your time so that you don’t overwhelm yourself. If you’re struggling to get time for your business because of assignments, get a professional essay writer to help you out. Remember always to mark your deadlines and prioritize. So, a good way to startup your idea while in college.
Start Marketing Your Startup from the Get-Go
Don’t be intimidated by massive marketing campaigns done by big companies. While marketing is essential for every business, it doesn’t have to be expensive. Your initial target audience should be students on your campus, and it’s not that difficult to get to them.
To market your startup to other students, begin by making a short video that clearly states your value proposition to post online. Do ensure it’s entertaining and fun to watch. You can share the video on platforms where students like to hang out a lot, like YouTube and Instagram.
Other ways to advertise your venture include pitching during special events/ classes and hiring other students as brand ambassadors. You could also advertise on the campus newspaper or radio.
Tying It Together Your Startup Idea in College
If you plan to become an entrepreneur, college is the best stage of your life to get started. You have time, few responsibilities, and a wealth of resources at your disposal. With these handy tips, you can kickstart your business journey today.