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Still In College? It Is Time To Launch Your Startup!

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You have surely heard about them: those young and ambitious people who launched their projects and turned millionaires while still in college. Their names are buzzwords in their industries; their achievements are world-recognized and widely used. These are people like Mark Zuckerberg, Larry Page and Sergey Brin.

Indeed, starting business in a dorm room is the in-thing of today. That makes sense, doesn’t it? You are self-employed meaning you can work whenever you feel like it, you can accommodate your working schedule to fit in other commitments, you do not have to rent any office space. The list goes on and on… All you need is a great idea worth working for and a lot of dedication. That’s it! You’ve got those? You can launch a startup right now!

Here are some tips on how to help you become a college-born entrepreneur:
 

1.Find something you feel passionate about.

 
You are most probably going to devote all your free time to this particular project, spending nights, weekends and holidays working hard to make it work, so it is paramount that you love that idea of yours. Not like, not feel interested in, but love with all your heart. Unless you are inspired by your dream, there is no way you will make it come true.
 

2.Seek supporters and potential target market among fellow students.

 
Test the waters before you start investing into the idea. As a college student you have unlimited opportunities to interact with different kinds of people. Listen to what others have to say about your idea. Are they excited? Do they fit into your target market? Would they pay money for it?
 

3.Make out a plan.

 
You might need just a few seconds to come up with a bang-up idea but it will definitely take you much longer to turn it into a comprehensive strategy. Think about everything: how much time and money you are willing to invest, what short- and long-term goals you have, what the risks are etc.
 

4.Be efficient and productive.

 
As most others student entrepreneurs you will be limited in your resources, which means you have to learn to maximize output and minimize cost. Read books about starting a business, talk to people who have such an experience, attend business seminars. The time you will spend doing all that will definitely pay off when you run your own startup.

As soon as you are out to market with your new venture, have your project assessed by professionals. Is it profitable enough to continue investing into it? Will it grow more successful? What other skills and knowledge do you need to keep it growing? If you can answer all these questions, you have a potential to become a new Mr. Zuckerberg. Good luck to you!
 

 

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