Should You Start a Business While in the University – Statistical findings predicts that more than 50% of students earn a living doing part-time job and regular business in their active years at school. Doing a business while in the university might not always be because you need money to pay for your studies, or that you need money to fund your living expenses or for college homework help. Instead, informed students prefer to combine their university education with work experience to build practical experience or to gain new skills which they will use in their future profession. Some students just want to begin their own businesses so they don’t have to be dependent on parents and caregivers. Student work mostly deals with handing out flyers, with different promotional activities, or even writing college papers. And enterprising university students with big dreams can choose to start their own businesses even as students.
Are you a university freshman or you are in other years and you are searching to know if you should start a business while still in the university? You should start your business once you have your plans sorted out, the truth is that most business owners in the university are conscious of their time so they don’t get to loose out in academics while chasing money. Else you are not really good in time management, then business in the university might not be an option for you.
With that being said, there is really nothing keeping you from starting your own business while in the university so long as you can manage your time and you will stand a chance of even getting more expertise prior to your graduation into the labor market.
Why You Should Start a Business in the University
Here are some of the reasons why you should consider starting a business as a student;
1. Your Professors and Lecturers Can Be Your Mentors
Do you have a professor in your University that you look up to to seek for professional advice? University professors and academias are typically invested in their students’ success, growth and progress and are often equipped with enough experience to go to for advice regarding starting a business, most especially the business professors. As a student who is a new business owner you’ll be ever ready to learn so having a mentor can give you upper knowledge about your industry and you will get insight on how to be be successful in a business.
Having an academia as a mentor will open your eyes to their age of knowledge and the experience which can be of help in making you know how to best run your business. When you have a mentor , he can help you get more inspiration, link up with new contacts and then learn strategies that ordinarily will take years to build on your own.
2. You Have a Good Population of University Peers to Market To
One of the good things about having your own business while in the university is being able to market your business to your classmates or university peers. In the university, you are franked by students that can assist you spread and market your business and most of them will likely be those very first customers of yours.
Additionally, you can take advantage of spreading the word of mouth marketing , an effective successful marketing tactic on university campuses. Your course mates and peers can also help you build your business from the ground up by providing you with financial support, advertisement benefits and even business ideas. Your peers and friends could may even become your best employees, they may become your partners as well as your very good customers.
3. You Will Enjoy a Flexible Schedule
Working as both a university student and an entrepreneur/business owner is a lot of work, but it also gives you the ability to maintain a somewhat flexible schedule. Running a small business in school will allow you to make your own schedule, which will surely be an improved benefit when you are now working around your busy classroom schedule. And usually classes are held only a few times (say 4-5 days) a week, giving you a few hours of extra time for every school day, something you won’t enjoy as much of when you eventually graduate and start working for a company on a full time basis.
4. In the University, You Will Grow Your Network Easily
One of the most interesting things about starting a business while in the university would be that you will most likely have a ton of friends that will help you to your business going. Between different groups for projects and organizations you’ve be added, you can choose to boost up your networking game as networking is one of the most vital parts of beginning a business.
5. You Can Make Huge Money even as a Student
Students are often short of cash. Sure, you may have caregivers who gives you enough to eat ramen noodles and enough to pay for your costly coffee habit, but certainly you can’t just hesitate to conclude with academics and start earning cool cash, right? Well, the good news is that you don’t have to postpone it and wait until after graduation – another wonderful thing about beginning a business while in the university would be that you can begin to make money as a young person.
6. You Can Get a Head Start
It may be somehow intimidating to begin your own business while you are still in the university, but by doing so, you can get a higher start on gaining successful career path.
Startups will usually take a couple of years before they can begin to learn good profits, so by the time you conclude with your academics, you will already be well-set on your way to a future successful career in the business.
Part-time Side Businesses That Students Can Start in their Spare Time While in the University
- Etsy Shop
- Dog Walking Business
- Home Landscaping
- Start a blog
- Personal trainer
- Catering or Bartending service
- Mobile Car Washing & Detailing
- Candle Making/Selling
- Writing/Content Marketing
- Online Boutique/Drop Shipping/Amazon Store
- Cleaning Service
- Resume Writing/LinkedIn Profile Writing
- Personal Shopping Service
- Photography
- Handy person Business
- eBay Business
- Virtual Assistant
- Tutoring Service
- Interior Room Painting/Wallpapering
- Car or Boat Resale
- Social Media Service
Conclusion
Are you a university student with an exceptional business idea? It may feel like you’re too occupied with classes, classwork, homework and your personal life as a student, but with a well-rounded passion and drive, you can begin a business while in the university. Student work mostly deals with handing out flyers, with different promotional activities, or even writing college papers. And enterprising university students with big dreams can choose to start their own businesses even as students. Working as both a university student and an entrepreneur/business owner is a lot of work, but it also gives you the ability to maintain a somewhat flexible schedule. Running a small business in school will allow you to make your own schedule, which will surely be an improved benefit when you are now working around your busy classroom schedule. You just need to make some adjustments in your schedule a little and sacrifice few of your free time but above all, beginning your own business while in the university may just be the best thing for developing your professional career and a better future.
Frequently Asked Questions
Can I start a business as a student?
Yes. There are no legal, financial, or knowledge reasons that prevent a university student from starting his or her own business.
Should you skip college to start a business?
A college education can help you gain valuable soft skills that can be used in your new role.
Can university make you a millionaire?
Research shows that a majority of millionaires have been to university.
Is it normal to struggle financially in college?
Nearly 50 percent of college students experience difficulty getting good foods and housing insecurity.
What do university students buy the most?
University students are estimated to spend nearly $10 billion on clothing for the 2021-2022 school year.
Reference
- https://www.seekcapital.com/blog/reasons-start-business-while-in-school/
- https://www.entrepreneur.com/starting-a-business/7-reasons-to-start-a-business-while-in-college/273689
- https://www.topuniversities.com/blog/6-reasons-start-your-own-business-university
- https://www.zenbusiness.com/blog/why-should-students-try-start-business/
- https://www.zenbusiness.com/blog/15-spare-time-businesses/
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