How Starting a Business in College Increases Your Chances of Success in the Future
By Space Coast Daily // July 28, 2018
Starting a business takes time and dedication
Becoming a successful entrepreneur is a challenge. Aside from having ambitions and dreams, you need to be prepared to work hard. Starting a business takes time and dedication.
Many college students, especially studying business, consider pursuing their careers at a very start of their university experience. One of the most common ways is beginning a start-up of their own. Colleges offer endless, unlimited resources, which encourage many creative ideas. These opportunities pave a way to better success in the future, mainly due to five simple factors.
Creating a business strategy
Significant plans require not just an abstract idea. They should start with a well-thought-out strategy. Such projects need business plans, which not many individuals might be familiar with. Therefore, college is a great time to learn this useful skill. It is understandable that due to the workload students get, alongside with studying the structure of business strategies, it is hard to keep track of all college-related tasks. In case of not having enough time to write academic work assigned to them in class, many students buy essays at Online Writing Services, such as EssayPro.
Clearly, college is a place, which does not only teach students class material but also allows them to meet new people and build beneficial connections. Such include lecturers, professors, and other students, too. The teaching staff that college scholars are surrounded by is a mine of information, which definitely can give reasonable advice. They can guide individuals on their way to a triumphant project.
Nevertheless, no one knows what the future holds. Maybe the contact established in university with other students will be a great benefit in the time to come.
Being young is the greatest advantage since it gives people plenty of room for improvement. College students do not have much to lose, even if their start-up ends up being a failure.
In such cases, it is important to not forget that every defeat is a great reason to start over, stronger than ever. A great example of how a person learned from his mistakes would be James Dyson, founder of Dyson Ltd. In one of his interview for Entrepreneur.com, Dyson mentioned: “Failure is interesting — it’s part of making progress.” Clearly, not every great enterpriser succeeds rights away, and college students should always keep that in mind.
Starting a career
According to Greatsuccessstory.weebly.com, the most well-known young businessmen, Mark Zuckerberg, whose current net worth goes way above 50 billion USD, started out in college.
His success was absolute coincidence and luck, which no one could predict back then. Similar situations can definitely happen to any college student that decides to start his or her own business. Not every project will turn out unsuccessfully. Therefore, it is a great idea to have a start-up in college, regardless of any uncertainties.
Knowing how to create a productive business plan and having connections all over the world is undoubtedly beneficial. However, these are not the only factors influencing success in the future. Students starting a business in college increase their chances not only because of the skills they gain.
“Founders who have failed at a prior business have a 20% chance of succeeding versus an 18% chance of success for first-time entrepreneurs”, says Inc.com. This is a substantial way to learn more from nerve wrecking situations that aspiring entrepreneurs might face with while starting out. Students get an in-depth outlook on life and a better understanding of what field interests them the most.
Starting a business in college definitely has its disadvantages. The biggest of all is facing unpleasant experiences. Nonetheless, they are the driving components to greater chances of success in the future.
CLICK HERE FOR BREVARD COUNTY NEWS