Lets a take a quick ride to know what it takes to become an entrepreneur from a college student.
The early bird gets the worm
You don’t have to wait until you graduate from college to start a profitable business.
We’re living in a different time where the job market is not as stable as it was in decades past and the traditional method of getting a job after college should not be your only option when seeking financial stability.
The first thing you need to do is ask yourself if you have the skills, determination and a unique idea to sell to potential customers.
It will benefit you to seek out mentoring in your city from your campus’s business department or the Small Business Association. Also attend local business seminars from nonprofit organizations that help first time business owners.
One thing you should do is take plenty of business electives or major in business management because while you’re assembling your business plan or applying for grants, you are learning what it takes to succeed at entrepreneurship long term.
Your business textbooks and any supplemental resources your professors give you will serve you well for years to come.
Internships are important in entrepreneurship if you’re still in college. Try to get at least one or two internships.
It is through an internship that you learn to network with potential clients, and you get hands-on experience in the business world.
Look for an internship that is in line with the kind of business you want to start (Interest based Internships). For example, if you want to open a restaurant you can intern at some local restaurants.
Apply for business grants to assist you with getting capital for your business.
Make sure you read the application guidelines carefully and have an idea of how much money you’ll need to get the business going.
Talk about your mission for the business, who will be a part of your staff, and where you see the company going financially in five years. It is fine to apply for loans but this could be an additional burden if you already took out student loans.
Be Socially Aware and Active
If your studies take up a lot of your time, consider an online business.
Some good online business ideas include online bookstores, tutoring, web design, freelance writing and editing, selling used clothing online and online virtual assistant.
You can find potential clients by starting your own website and advertising your services on it. Also create a Facebook business page and write keyword specific blog posts promoting your business. In Such cases doing Social media marketing internship might be of many use.
These things can help you being an entrepreneur right from college.