While college is a great time to learn and grow as a person, it is also a great time to try a few business ventures. The reason college is such a great place to experiment with startups is that you have something to fall back on if your business doesn’t work out. If your blog about raising miniature poodles doesn’t become the Internet sensation you hope it would then you are still fine financially because you are doing this as a side project. The penalty for failing is minimal compared to when you are graduated and this business idea is your main salary. Think of your startup as a great way to spend your free time in college.
A startup is also great job experience and helps you learn good business judgment in a rather low scale scenario. While growing your business you will have to make many decisions on how to spend time, where your funds go, and how to manage your content. All of these activities will help you train your skills for when you graduate and get a job, or your startup could even become your job.
Better Interviews with potential employers
Your experience working with your start up will be a great story to tell when you are being interviewed for an internship or job. Your employer will be impressed that you took the time and effort to create something outside of your average schoolwork. Your passion will also show through the way you speak about your start up. Your employer will be captivated by how you explain your idea that you created as opposed to being bored as you tell him how you swipe student ID’s at the health center. This could potentially differentiate you from the many other applicants and help you stand out to get that position.
Your idea could end up being a great source of income
If your start up works out then it will become a source of income that you will actually enjoy. Many college students work on campus or at local fast food restaurants in order to pay for their expenses but you will be a step ahead of them. You will be running your own business and will have a greater feeling of pride in what you do.
These are some of the many reasons why starting a business in college is such a great idea, and its ok if you do not have the experience or the knowledge to get it going right away. That is why we are here at DormtoRiches. We are here to support our readers on their ways to successful businesses. Feel free to contact me with any questions you have or leave them in the comments.