Thinking of starting a business, but you are only in college? Never mind that. The best time to start a company is always now. Worried about the risks? The risks are overwhelmed by the reasons to begin today.
1. Why Start a Business Now? Because You Can! Just look around. Google, BustedTees, Facebook are all incredibly successful businesses that were begun by people who were still in school. Technology is making it increasingly easy to begin with very little capital, as long as you are willing to work hard. Not only that, but there are a large number of colleges and universities that offer programs for young entrepreneurs, incubators that make it even easier to get your business off the ground.
2. Gain Professional Experience and Connections: Even a business that flops still means success in an even more valuable way. Your venture will lead you to meet professionals and others that can help you find jobs or make money sometime in the future. As a businessman you will meet clients, suppliers, entrepreneurs that you would most likely not have otherwise met.
3. What Can You Lose? Not Too Much: College students know how to live frugally. Later in life one of the biggest questions entrepreneurs ask is “who will pay the bills?” It’s so much easier to start a business when there simply are no extra bills to pay, not to mention mouths to feed.
Another aspect of this issue is the earlier in life you lose money, the more time you have ahead of you to recoup it. The younger you are, the better the time is to place a risky bet.
4. Gain Perspective About the World of Business: There is nothing like hands-on experience as a learning model. As an employee you only learn certain aspects of the business, but as the one running the business, you learn about all its aspects. Of course this kind of experience will great on your resume, but having a wide perspective actually enhances your over-all abilities at just about any job.
5. Excellent Marketability: You know what that valuable 18-24 year old demographic wants, since you are there. Being young might actually improve your competitiveness. You also have easy access to your peers who are also in this powerful demographic. College workers are cheaper to hire, and if you pick the ones with the best heads and motivations, you might just have that perfect winning combination.
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