College is the best time to test the proverbial waters of the business industry. The years we spend investing in higher education are some of the richest with potential. Think about it.
When a student is active at any University, they have a wide opened arena of networking possibilities and some of the best professionals in their area at their disposal. There is no better time to try and try again. Check out a quick summary of a few of the best reasons to start a business while in college.
The opportunities to obtain financing while in school are astronomical. Everyone wants to give money to college students. Even established lenders like Upstart has specialized lending programs for students. Peer to peer lending options are wide opened.
College years also offer a little extra cash from grants and loans. Though most college students are self-proclaimed “broke folk,” a solid budgeting effort would take care of that issue.
Even if a student has no support from their family, they will find friends in college. It is also quite common that professors and students build a strong mentor-mentee relationship. Students have the whole staff of the university backing them every step of the way.
Not only will the staff offer every ounce of support possible, but students also stick together. The loyalty of college students is relentless. Starting a business with that caliber of support backing the initiative is a recipe for success.
Youth and Virility
Okay. One thing every young person should understand is that youth will not last forever. Do not take that time for granted. Our 20’s are the best and most vivacious times of our lives. Live on full blast! Try stuff. Do not be afraid to fail, because it is inevitable.
Just like animals and other living creatures, we all have our time to shine. Use the platform and support of a university to spring into action. There may be no better time to try new things and take calculated risks.
Accessible Customer Base
What could be better than thousands of students who share the same passion and loyalty as a customer base? At least in college, there are plenty of open-minded students running around in which to market a product.
College students are typically very familiar with products being thrown in their direction. For some reason (sarcasm here), several different industries tend to target college students in their marketing efforts.
Save job offers for after graduation
Though it may seem like a weird tip, save the job offers for after graduation. It is not uncommon for students to receive very appealing job offers while still in school. Refrain from accepting. College is the time to be free and explore. Accepting a job will cheat students out of that experience.