9 reasons why students should start a business
With the economic downturn, students in all the major business schools have been dropping out of their entrepreneurship classes and transferring back to classes where they think they have a secure future. Students and professionals who were once planning to start businesses now have decided to go back to their previous jobs and everything is going back to normal or at least. Below are nine reasons why any student should start a business.
You gain experience. Owning and running your own business is an incredible way to gain experience and credentials regardless of whether you decide to stay in business once you graduate. Starting a business helps in getting a better job when you graduate.
You have nothing to lose. I think it’s safe to say that most students dip into their parents’ checkbook when it comes time to pay the bills. In general, students aren’t paying child support, rent, utilities and many other expenses. The worst thing that could happen if your business fails is that you get a job, have an incredible credential on your resume, and have experience that will increase your chances of success in the future.
Two-thirds of millionaires are entrepreneurs. If it’s the money you want, then consider entrepreneurship. You receive not only a salary, but also a lot of money if you’re lucky enough to sell your company or take it public.
You develop networking skills. You’ve likely heard that your network increases your net worth. Consider the fact that by running a business and constantly being in a business community, you will develop excellent contacts.
You increase your value. Put simply, starting a business in college increases the value of “the brand called you” and gives you more options. For example, an entrepreneur with a large brand value can publish a book, star in a documentary movie, or go straight to the top of another company.
Operating a profitable business in the long term is less risky than being an employee in the long term. For example, just look at the recent economic downturn. Tens of thousands of people have been laid off. I can guarantee the owners of profitable businesses are still with the business. They will be the last people to go down with a ship. Business owners can have multiple streams of incomes from different customers.
You will learn more about yourself and what they don’t teach or prepare you for in school. Furthermore, entrepreneurship is the combination of all the disciplines of business. It includes knowledge of marketing, accounting, management and operations. Already having knowledge of these topics before you take classes on them allows you to see more clearly how everything applies.
It is yours. You make the rules, create your own hours, work from wherever you want and choose who you want to work with.
You’ll grow. You personally will grown a lot from owning a business.
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Comments
i’m not confident towards myself but i have a dream to have my own business. Im still study in bba marketing and i luv to get a lot of experience in business. So i plan to work at other company to get more experience and i hope to open my own business in the future. I appreciate if i can get a comment from u.
Yeah.. of course you need to work first to get more experience..
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