The holidays are over and the kids have headed back to college. I loved the beginning of a new semester — getting my new text books, pulling out my warm sweaters and getting involved in the routine of campus life. But like many college students, I also had to work to help pay college expenses.
Today, college students are having a tough time finding jobs because of the current recession so they are resorting to their own abilities to earn income by starting their own small businesses.
If you or someone you know is considering starting a business while attending college, it is an experience that can offer significant financial rewards as well as excellent experience for future job opportunities if you manage it successfully. Here are a few tips to consider.
* Make it Something You Enjoy. College is stressful enough so if you are going to start a business on your own make sure it is something you’ll enjoy doing. Otherwise, the business may become such a chore you’ll burn out on it and perhaps on school too.
* Be innovative. Take a good look around your school and identify a need that isn’t being met. Then decide whether or not you can provide a product or service to meet that need and at a price other students will pay for it.
* Check Campus Regulations. Make sure you check with your college administration to determine if there are any restrictions on campus-based businesses. For example, if you plan to operate your business out of your dorm room, there may be limitations on what you can do so you don’t infringe upon roommate’s rights.
Create Campus Buzz. Invest in a few t-shirts and recruit your friends to wear them around campus. Get people talking about your business.