Students from middle-class families often earn money while studying. Not wanting to burden their families too much, they want to pay for college. But working or running a business while in college has both positive and negative aspects. Lets know The Pros and Cons of Starting a Business While Still in College.
Students and entrepreneurs can face both sides of these issues. It can help students make money but it also affects a person’s freedom in college and their leisure time is not spent with friends but is active at work. In addition, it diverts your attention and increases stress.
Benefits
- Reduce financial risk
Another way to reduce your risk as a founder is to try to raise money before you graduate from college. In addition, starting a business while at college can be good in a way that your college fees and expenses are paid by yourself. Because you are already a business person who is studying in a college.
- You repeat quickly
This happens when you are fully committed to starting your business. If so, you go from one professor’s meeting to another for quick repetition, and you can do the same with your most intelligent colleagues.
- Access to networks
If you find yourself in the presence of good professors, you can get direct introductions to them from some very influential people. These networks are more than what is usually available to you as a graduate of a prestigious business school. The same thing in business, you can make good contacts with many influential entrepreneurs that can polish your skills and help you in the future.
- Current student status
Your current student status helps you in many ways. It has been seen that if you are starting a business while studying at school, people are likely to help you erect your business. Hence, it becomes a motivating factor for a student and gives students an environment where they can polish themselves and be more productive.
- Test your commitment
What better way to test your commitment to your start than to have the temptations of the highest-paid jobs around you and turn every job around? Being an experienced business person during your college, many big companies may reach you and offer you a handsome salary and bonuses, etc. This is the time when you will be tested on how sincere you are with your studies and your business.
Drawbacks
- Evil Loneliness
Doing both college and business at the same time can be frustrating in a way that you might be alone almost all the time after college. While most of your classmates are looking for a job, you have already started a company. While they are at the party, most of the time you will be running your own business alone or with a founding partner. That can be lonely. And if you don’t consider loneliness a problem, you are good to go.
- Depression grows
On top of everything else you usually do in business school, imagine doing all the work to start a company at once. Every two weeks a person has to leave after class to go to work if he is present. After completing all that they have to fly back or go back to college to study or study. This is what causes depression and frustration.
- You cannot pay full attention to business
While you may not be able to focus on your start, it is frustrating if you have to go to class instead of doing work with a client, or talking to an investor. Owing to your college, your nascent business can be affected or due to business, your studies might be affected. If you take your studies very seriously then it is likely your side business would get less attention.
- Time management issues
Being a working person and a student at the same time can be pretty testing. Starting a business while still at college can test your potential and how you manage your time between business and studies. Time management becomes an issue during your semester exams or events where you must spend more time in college.
Conclusion
Starting up a business while studying at school or college is arduous but possible. It becomes easier over time. It has both positive and negative sides, especially for a student. Students who are working and studying at the same time may make money but they are likely to be subjected to frustration and sometimes feel troubled managing both studies and business at the same time.
FAQS
- Is it possible to start a business while at college?
Yes. It is possible if your commitment to both studies and business is genuine.
- Do I need the experience to start a new business?
Experience may be demanded when you are starting a business professionally but not necessarily a condition for starting a business while in school.
- How can business while studying be helpful?
It helps you to pay rent, college fees, expenses, etc.
