Tips on How You Can Start your Own Business While at University

5 Mins read

Did you know that a lot of companies were founded by determined, ambitious university students? They were founded by those who were not afraid to dream or to push themselves. Take Mark Zuckerberg for example. He started the idea for Facebook right from his Harvard dormitory room. You also have Frederick W. Smith, who created Fedex while he was studying at Yale. Even companies such as Microsoft and Google were established by those who were at university, and the main thing that helped them to stand apart from the rest is that they were not afraid to take their own business idea and run with it. So how could you startup your own business while studying at university?

do business while you're in university

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Your Spare Time

When you are at university, you will probably have a lot more free time than you’ll have for the rest of your life. You may struggle to channel your free time into something other than relaxing. After all, you have spent all of your time in lectures or even in classes, so the last thing you’ll feel like doing is channeling your energy into something that equals more work. It’s a good idea for you to try and invest your own time into your business.

Pay Attention to Other People

It’s a good idea for you to take an interest in those who are around you. What do the people who you hang around with want? What do they need? If you can somehow find a solution or start something that meets their needs then you are well on your way to becoming a success before you even graduate. For example, you could create your own t-shirts, caps and more for your favorite slogan or you could try and get people involved with your business idea. You could even start out by selling badges if you want, and this is a great way for you to really benefit from the various opportunities that are all around you.

Market research really is the key to making things happen. If you don’t have time then outsource. It is this that will help you to steer your own business and you can learn from people every day. You should also talk to people about the ideas that you have as this will help you to really establish your own business foundation.

Be Ambitious

Be Ambitious

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Most people go to university because they want to get ahead. You will want to be surrounded by those who are intelligent and ambitious, like you are. Universities are usually great at offering a ton of different courses. You should try and take advantage of these courses and it is a great way for you to try and make the most out of the opportunities that you have, especially if they are free.

Spread the Word

University is a place where a lot of people come from a lot of different countries. If you try and connect with these people then tell them all about what you plan to do. They might even go and tell their family and even their friends about it. This may feel very old fashioned and it may feel like a strange way to look at it but at the end of the day, you will really want to make the most out of the word of mouth you do have because in university, there is a lot of chit-chat between students.

Your University is your Resource

If you need anything, anything at all then you need to ask your university to try and help you. Universities such as are great for this, They are going to do as much as they can for you because they want to look after their students. For this reason, if you are starting something or if you want some help then go out and ask for it. Most of the time they will be able to give you what you need but if they can’t then they will probably be able to direct you to someone who can.

Give Something Back

Think to yourself, can you provide your university with a service? A product? Universities are always on the lookout for ways to promote themselves to other students and to them it is all about publicity. If they can get some support from you then they might be able to help you out in ways that you would otherwise not think possible.

Don’t Be Afraid of Failing

don't be afraid of failing

Shutterstock Licensed Image – By kenary820 |

If you are at university then you probably feel as though you are under a lot of stress. The truth is that when you are older, you will look back and think that this is the time you had the least responsibilities ever. When you start your own business, this will require a lot of sacrifice and it will also require a lot of risk as well. Since you probably aren’t going to have kids or even a job for a long time yet, now is the time for you to get started with your dream. If this doesn’t work out, don’t worry. You still have your whole life ahead of you. If it does work out then it will be the most interesting thing that ever happened to you.

Why Are You At University?

Starting your own business when you are at university is all about how you utilize your spare time. Of course, you need to remember why you are actually at university and you also need to make sure that you spend your time wisely. Your studies should always come first but how you use your spare time is up to you. You need to make sure that you hit the marks when you graduate, and don’t compromise your education for your business idea, because as mentioned above, if your business doesn’t work out then you will have a backup plan in place.

You need a Website

You need to have a website. If you don’t then your business will certainly struggle. You need to find someone who is also at your university so that they can help to build you a site. You will be getting what you need out of it and they can also have the privilege and experience of designing you a site. If you can’t afford to pay them for it then give them a recommendation or support them by giving them some of your free products or even some of your free services. They will love it and it is great for you both.

Enjoy It

Don’t let running a business get you down. It should never be a chore. It should give you the chance to expand what you love doing and it should also provide you with some level of enjoyment. If it doesn’t then you are probably in the wrong business. Enjoying what you love is a huge part of running your own business and it is also a huge factor when it comes to your own success as well. You need to make sure that you run with whatever idea you have while also giving yourself the chance to actually succeed. If you give up after a month then you will never know if you could have done well or not.

Ultimately, your decisions will be based on the way that you feel and the outlook that you have on your education. By taking control of your own education and business, you can be sure to be happier and have a more positive outlook on your university experience.

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About author
Ryan Kh is a big data and analytic expert, marketing digital products on Amazon's Envato. He is not just passionate about latest buzz and tech stuff but in fact he's totally into it. Follow Ryan’s daily posts on Catalyst For Business.
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