Starting a Business at University with SMARTA
Starting a business at university seems like only the idea of the clinically insane and insanely clinical. Yes, the effort to start a business at University will be great (depending on what you do), but the rewards can far surpass this. The reason that being in University can be the best time to start a business is that you have a captive audience of young people who have their own money for the first time and are looking for inventive new ways to squander this new found wealth.
The SMARTA website can give you help and guidance as to how to start a business with a special section for students.
Why should you start a business at University?
As I previously mentioned, you have a huge audience of people with social media at their fingertips who can spread your idea by internet and word of mouth. Moreover, if you’re strapped for cash, a business at university can be a very lucrative way of funding nights out or tuition fees etc.
In addition to this, you can choose the level at which your business reaches, if you don’t want to be too busy then don’t give yourself extra work. If you are able to take on other student workers, I’m sure many of them will be obliging to work for low rates as many will want a job.
Finally, if your idea is relevant to all Universities and not just your own then you may be able to contact friends from school in other universities who may be willing to help get your idea out there and be a representative for you in another university. As you can see, you have all the contacts and potential at your fingertips to be running a huge business at University, that when it reaches large scales, you can just take in the profits, while everyone else does the dirty work. Just remember, you’re there to get a degree not work.
Benefits of doing this:
Other than the financial benefits, saying that you ran your own business at University will mean big brownie points when it comes to Interviews for jobs and something to make your CV stand-out. You can show that you have already acquired many of the skills that they usually have to teach new employees in the world of business.
The best part is that you will have no mortgage or family to support, so even if you do fail, there are little to no implications for yourself or others.