Why College Is the Best Time to Start a Business : Under30CEO Why College Is the Best Time to Start a Business : Under30CEO
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Why College Is the Best Time to Start a Business

| July 18, 2011 | 18 Comments

college businessI have only one regret about college: I should have started my business earlier.

If you’re in college and want to start a business, you may be like I was and just tell yourself to wait until you graduate.

It may look like it’s easier, but trust me: there is no better time to start your business than while still in college.

Here are 5 reasons why.

1. Free Time

Ok, yes, I understand you have a full schedule of classes and lots of homework and extracurricular activities like excessive partying, but when you’re in college, you have far fewer responsibilities than when you graduate.

As such, you have the ability to control your schedule. You can move your class schedules around, or maybe even decide to take a night off from partying.

And don’t forget about your summer breaks.

Right now, you have far more free time than you’ll have again in your life.

2. Free Resources

You may not realize it, but your school’s library is a gold mind of information for an entrepreneur. Not only can you find almost every business book ever published, but you have completely free access to electronic databases that cost over $10,000 a month.

These databases give you access to information that can help you plan your business, such as industry and market research.

3. Publicity

Your college campus is one of the strongest social networks. Think about it: you live, work, and sometimes even sleep with these people. And when you’re not with them, you’re connected over the internet.

Some of the fastest growing businesses launched out of college campuses. Think Facebook and Napster.

Tap into your college network and use it to launch your business into viral fame.

4. Business Plan Competitions

Almost every college holds business plan competitions and have healthy rewards.

A friend of mine entered a business plan competition at his school and won over $25,000, which he used as seed money.

Go to your college’s business school and find out when the next business plan competition is.

5. Your Professors Will Help You

You may find your professors’  lectures boring, but you can’t deny they really know their stuff. They can help you with your business.

For instance, one of my professor owned an advertising agency. She helped me figure out the advertising for my business. My finance professor helped me with the financial aspects of my business. And one even introduced me to a number of successful entrepreneurs who guided me with my launch.

And the best part: professors actually WANT to help you.

So, as I said, there’s no better time to start a business than while you’re in college. If you’ve been considering starting your own business, it’s time to start right now.

If you want to succeed in today’s economy, you need to build businesses people know, like, and trust. Find out how at Brandon Yanofsky’s website, B-List Marketing.

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Category: Startup Advice

  • http://thinkspace.com thinkspace

    Thank you for posting this!! I am a recent graduate, and I wish I would have started a business while I was in school. You pointed out some fantastic resources for students. I agree with everything you mentioned above. It’s true that most professors would be thrilled to help their students develop a real business. Also, on campus students have such a strong network for spring boarding ideas, getting market research, and collaboration. Technology/software discounts are also a huge added bonus of being a student.

  • @mikeytom

    I agree with everything you posted but I would just like to edit one of the points.

    1. Not only professors want to help you, everyone wants to help you.  Play the age card as long as possible because it’s a lot easier to get meetings when you lead with “I’m a sophomore in college who is starting a ______ business to solve _______ problem” instead of just being another person in the community.  It’s all about getting a leg up and your age and enthusiasm works like a charm.

  • Anonymous

    Point 6. Dare to fail. You know what they said about “Fail early”, youngster have what it takes to fail and rebound in life.

    I took part in business plan competition and get my pitching skill polished. Won second prize and started my project http://www.blogmakeover.net.

  • http://www.blistmarketing.com Brandon Yanofsky

    Good point Lee! Dare to fail. I like it.

  • http://www.blistmarketing.com Brandon Yanofsky

    Very true. But, age can be good and bad. When I started my marketing business and would walk in to pitch a company, they always would ask my age and not take me seriously.

    So, again, it definitely depends.

  • http://www.blistmarketing.com Brandon Yanofsky

    Hey Kristin,

    It’s never too late to start a business!

  • Anonymous

    I wish I was into entrepreneurial spirit back when I was in college. Spent so much time on useless stuff. Right now I have multiple jobs + full ime jobs, master degrees and freelance. 

    I barely have time to put on my startup, http://www.MyColorscreen.com these days. I always wonder what will happen if i started this in college. 

    Anyway, awesome post as always! :)

  • http://www.online-business-virtual-assistant.com/ Virtual Business Assistant

     College is the place where you get lot of encouragement from your friends and get new ideas and feedback. So its the place for a startup…

  • http://twitter.com/mycolleges MyCollegesandCareers

    You also have a ton of people at college who you can test drive your product/service on! -Sarah

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  • Chelsey

    I started my business in colledge and recieved an enourmous amount of support from my peers and professors. Playing the age card was a huge payoff, especially when it came to scholarships and the local media. I was able to spend more time researching and growing my business slowly and organically than I would have if I was out in the work force. www.DoggyDecadents.com  

  • Chelsey

    I started my business in colledge and recieved an enourmous amount of support from my peers and professors. Playing the age card was a huge payoff, especially when it came to scholarships and the local media. I was able to spend more time researching and growing my business slowly and organically than I would have if I was out in the work force. www.DoggyDecadents.com  

  • Chelsey

    I started my business in college and recieved an enourmous amount of support from my peers and professors. Playing the age card was a huge payoff, especially when it came to scholarships and the local media. I was able to spend more time researching and growing my business slowly and organically than I would have if I was out in the work force. http://www.DoggyDecadents.com

  • http://www.facebook.com/hxuanhung Hung Hoang Xuan

    Good post. And I am so lucky studying in College now. Do not waste my time any more. 

  • http://www.skippyhire.com/ cheap skip hire

    You are absolutely correct. I am now working after post graduation but now I am having knowledge that I could have done these tasks at time of my college.

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