Along with studying and keeping a part-time job, starting a small business in college can be a great educational experience. Google, Facebook, Time Magazine and even FedEx all had their beginnings in college. It’s all about experimenting, thinking outside the box and coming up with solutions to problems many people didn’t even realize they had.
Of course, in order to be successful, your business would have to deal with an issue you’re passionate about. No one wants to commit too much time on a project that doesn’t excite them in some way. That’s why it’s important to find a niche that’ll stir passions up on the inside and propel you forward to something that can help the masses. So if you’re in college and are interested in starting a business, here are some helpful resources you should take a look at:
There are many scholarships available to student entrepreneurs that can help bring life to an old idea or inspire new ones. Many businesses and organizations offer scholarships to aspiring entrepreneurs as they want to help lower the financial burden of college and reward great ideas that have potential. Whether you’ve already started a business while in college or have plans too, providing that info on scholarship applications and essays might earn you a decent sum of money to help pay your college expenses.
Two annual scholarships that require business proposals include the Crown & Caliber Entrepreneur’s $2,000 Scholarship and BusinessPlanToday.com’s $1,000 Annual Scholarship. These scholarships not only provide much needed funding for school, but they help you practice on creating a standout business proposal that’ll surely attract the right people. You’ll find many more like these that can help offset high tuition costs to student entrepreneurs.
There are organizations out there that can help motivate student entrepreneurs by allowing them to compete with other students around the world. One widely known competition comes from the Hult Prize Foundation. They’ll award a hefty 1 million dollar prize to selected student entrepreneurs that compete successfully with unique ideas solving the worlds toughest problems.
Another great resource is the Global Student Entrepreneur Awards from the Entrepreneurs’ Organization. Winners of this competition can receive up to $20,000 along with mentor-ship and free services from other successful companies. Competitions like these can be a good way to stimulate business aspirations and put your ideas on the fast track.
Another good way to find motivation for your business idea is to look and see what others are doing. Joining student groups in college all dedicated to entrepreneurial-ship provides a great opportunity to bounce ideas off of each other and network. Also, reading magazines like the Wall Street Journal or Bloomberg Businessweek can help spur the imagination as they often have articles related to up-and-coming businesses.
Whatever your interests are or problems you’re facing, brainstorming and coming up with solutions and new perspectives could be a rewarding experience that can have profitable results. Being a successful entrepreneur requires persistence and oftentimes a little bit of help from others.
Find more helpful tips for students in college at http://easyscholarshipsnow.com
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