Tips for balancing college and your startup dreams
In past days, every college student aspires to crack a job in a multinational company become joining in a college. But these days, students want to pursue their real dreams to be an entrepreneur. Some of the entrepreneurs like CEO’s got their big ideas while studying in college. Mark Zuckerberg, Michael Dell, and many more started their business in colleges itself and they are college dropouts too. The average net worth of billionaires who dropped out of college is three times more than the average net worth of billionaires havingPh.D.s ($9.4 billion vs. $3.2 billion). Today, young entrepreneurs are eager to compete with their success before they graduate from college. But starting your first startup dream will be challenging by balancing your college work and startup dream while studying in the college.
According to the research by Kauffman Startup activity index in 2016 reports that new entrepreneurs that are college graduates have increased from 23.7 % to 32.7 % since 1997. The entrepreneur pursuit had made India becoming the land of budding entrepreneurs.
Here are the tips that help you for balancing college and your startup dreams,
Utilize college resources:
The right time in your life is when you have complete access to all resources like academic, technical, advisory right at your fingertips. A professor can be a good mentor and your classmates represent the perfect beta pool depending on the target demographic of your product. To kindle an entrepreneurial spark in students, colleges held a lot of competitions and conferences. Here is a sampling of the top business plan competitions for students that will give you a unique opportunity to find mentors, funding, publicity for your idea.
Find the right partners:
On a college campus, you can find many people that are incredibly bright, energetic and curious with the same passion as you and drive as you. You might think of taking your roommate as your partner, but he or she may not be your right partner for your startup idea. So, it is important to choose the right partner for your startup dream. College is the right experiment in selecting partnerships for your startups.
Make a time to work on your business:
The classes, assignments, exams are scheduled for you. Accordingly, you should make some time for your business plans. Building a business requires dedication, discipline and hard work. So, ideally you need to set aside a few hours every week to work on your dream with your team together in the same room.
Make studies and your startup idea mutually inclusive:
Don’t see your studies and your startup ideas as two completely different things, make them inclusive. For example, if you are studying engineering, take some economics and marketing classes and you don’t need to expert in every field but these classes give you a broad understanding of what is happening and what is needed in this business world.
Don’t be afraid to fail:
Keep it in mind that most people’s first ideas don’t succeed, some are miserable. But it doesn’t mean that you are not a good entrepreneur. Experiences will make people fall and pick something up. As we know that failure is the best teacher for a failure person. Finally, college is the best time to give things to try on.
Finally, here the tips for every college student how are aspiring to start up their career as entrepreneurship by balancing the college studies. Are you looking for the best engineering college in Nagpur, Shri Ramdeobaba college of engineering and management has a fruitful journey of 35 years in technical education. Here the faculty provides theoretical and practical knowledge that helps you to build your career as a future entrepreneur.