Few college students think of doing a business, they need to deal with classes, assignments, and exams. Actually, when is the best time to become an entrepreneur? Alison Coleman, in an article on Forbes, notes that college is the time when to start a business.
Indeed, it may difficult to start a business for full-time college students. Building a business while at college is also challenging. Startups are normally faced with challenges, which need immediate solution. This can be a problem for full-time students. In addition, starting a business means saying no to clubs, social events, or organizations.
When to Start a Business: Learning from Brainz Power
Successful entrepreneurs agree that while being at college is the answer to the question on when to start a business. Alison Coleman cites an interview with Andrew Kozlovski, the owner of Brainz Power, who started his business at the age of 18 years while he was a student at the University of Southern California. The following are some reasons for starting a business while at college:
Making Yourself Different
According to Andrew Kozlovski, being a young entrepreneur makes yourself different from fellow students. Thousands of students graduate from colleges every year. They read the same book, take the same tests, and learn the same subjects. However, few of them are entrepreneurs. Of course, you need to be smart in arranging schedules to make sure that the business does not interfere with your classes and assignment.
Building life skills
The main advantage of running a business while at the college is learning important life skills. You grow a business from the scratches. It means that everything may begin from small ideas. Then, you develop strategies and execute them. You face different challenges and get the solutions to survive the business.
According to Kozlovski, the skills you acquire while running the business at very young age will be very helpful later in your life, whether you choose to continue running the business or getting a job at a formal institution. You need to learn time management strategies if you do not want to miss social life and organizations.
Having More Resources
Andrew Kozlovski also told that the need to solve problems with business urged him to talk to many people, including professors at the college. He sought for advices even if he did not a class with the professors. These are great resources, which can help young entrepreneurs to succeed. When you graduate, the expertise has been at your fingertips.
When to Start a Business: The Bottom Line
The young entrepreneur proved that Brainz Power is a successful startup. The business focuses on nootropics, which boosts memory and focus by supplying the brain with the necessary vitamins and minerals. Starting as a $500 startup 4 years ago, now Brainz Power has achieved more than $250.000 in revenue.
Therefore, the question on when to start a business does not always appear after you graduate from the college. Actually, being a student does not limit your opportunities. Learning to implement ideas, face challenges, answer questions, and deal with customers at early age means that you are more prepared to face the real life than any other students are.