Mark Zuckerberg, Michael Dell, Larry Page, Sergey Brin, besides being billionaires do you know what else these superstar entrepreneurs have in common? They all started their businesses in college. The life of a student entrepreneur is tough. How can you manage to succeed in school all while launching a business? Well, ironically some of the names listed above left school to pursue their dreams. However, that doesn’t mean you do too.
While I can’t tell you to stay or not, I can offer some guidance that will help you take advantage of all the great resources a university has to offer when it comes to starting a business.
Here are three business tips for student entrepreneurs.
Seek alternative funding opportunities.
Odds are you don’t have time to pitch angels or venture capitalists to raise money for your business. The good news for you is the university world is full of alternative financing options for startups. Depending on what industry you’re in, there are a ton of grants you can apply for that will give you a decent amount of capital.
Unlike traditional funding, grants typically come with less strings attached. Which is another huge plus. The last thing you want is to take on more debt from a loan, or convertible note while you’re still in school.
Take advantage of every networking opportunity.
College is a great place to meet friends and build personal relationships. It’s also one of the best places to make business connections as well. While you’re in school, you need to take advantage of every single networking opportunity available.
Whether it’s through a fraternity event, sorority event or it’s organized through one of your classes they’re all beneficial.