[Exposed]: Top 7 Regretful Excuses You Must Escape to Launch Your Business Ideas successfully While Schooling.
Go to school, study hard for good grades, get a high-paying job, save money, invest in stock and mutual funds, and prepare for your retirement. This is the common creed the society has scripted to define a meaningful and successful life.
What if you are pre-informed that go to school, meet new people, develop new skill sets beyond your field of study, find a problem on campus, solve it with your skills and knowledge, monetize and commercialize the solutions to reach more people and finally make it an entity to serve the general public.
Which one of these two offers will you take?
Every 9 out of 10 people you meet will choose the second option. Because this option gives you more control and freedom to find purposeful needs to serve during and after your college or university days. If done well, you won't be graduating worrying about being employed by the government or a company somewhere.
.png)
The sad truth is that society has already conditioned and structured the first option for nearly everyone to go through the normal school systems with good grades, secure a job with a steady paycheck and save towards retirement.
So this has pushed a lot of potential into ditches and a lot of lives are lived unfulfilled with the regret of not starting meaningful inventions and businesses when they had almost everything at their disposal during their university and college days.
Top 7 regretful excuses that prevent students from launching business ideas while schooling.
1. I don't have enough money to start a business.
2. I don't have enough time.
3. I am not smart enough to start a business.
4. I am not majoring in business.
5. I don't have the expertise.
6. I am not creative enough to bring out good business ideas.
7. What if I fail?
You are not alone if any of these bundles of excuses are the reasons behind your inability to launch your business ideas while you studying. However, consider the benefits waiting for you by defying all these odds.
Most successful entrepreneurs and businessmen started their business journey, from the dormitory. They had the requisite skills and exposure to the business world back in their school days. Facebook was tested on campus. Steve Jobs and Wozniak had the blue box idea tested in school before they change the computer industry with the first MacBook and Bill Gates of Microsoft with his operating software for almost every PC.
The list can proceed to numerous successful businesses which have their roots in school. You have the reserved capabilities to escape the aforesaid regretful excuses and launch those stunning and innovative ideas to reshape the world while you generate income, make impacts, and command influence.
How to launch your business ideas successfully as a student; Escape the regretful excuses.
1. Recognize that starting a business at an early age is your greatest advantage.
2. Develop your business plan.
3. Make good use of all available resources.
4. Form purposeful partnerships and team players.
5. Get yourself a mentor and coach.
6. Become a Bootstrapper.
7. Manage your time effectively.
8. Don't forget to have fun.
1. Recognize that starting a business at an early age is your greatest advantage.
There is no better time to unlock your potential than at your earliest stage. You are endowed with numerous strengths and energy. You have lesser responsibilities to cater. Most of the decisions you make do affect not a wife or a child, and you can easily adjust your plans and decisions. Unlike a grown man or woman with a family who is entangled with a lot of effects on their decisions and risks they take.
2. Develop your business plan.
How do you intend to solve those problems you have identified, how much money will you need to start, how do you generate such funds, and where can you get the target people to help them solve those problems? And the list goes on. The answers to these questions are the basis for you to formulate and design your business plan. This plan helps you to identify the strengths, weaknesses, opportunities, and threats that await your business ideas and operations. It helps you bring future risks and benefits to the present, and put measures in place ahead of them.
3. Make good use of all available resources.
It will surprise you to know the number of useful resources you have at your disposal when you are in the university or college. From the security at the entrance to the administrators and heads of departments in the school. Your classmates, roommates, and the members of the clubs and societies you join. The dormitory, library, lecture theatres, and conference rooms. Laboratory and research centers are all at yours to make good use of it if you follow the right channels. While the people become your customers and human resources, the facilities serve as your capital resources to help bring those business ideas into reality.
4. Form purposeful partnerships and team players.
If eleven players are needed on the field to score goals, how can you alone bring something worthwhile into existence? Don't do it alone. Find friends and colleagues who share the same passions and desires as you and become partners. With each person's unique skills and expertise, you can contribute towards the success of the business ideas. Associate with people who are proud to join your team of players and work with them to make the journey ahead possible.
5. Get yourself a mentor and coach.
Find someone who motivates and inspires your business journey. Mentors and business coaches have reserves of experience that will set you in the right direction. They are actually in the business world and what they share with you will help to avoid the mistakes that will derail your business success. Most business coaches and mentors offer these services at no charge to students, especially when you are a student attending the same school they graduated from.
6. Become a Bootstrapper.
Bootstrapping is a funding approach where you provide the cash by yourself to start a business. People use their personal savings or seek support from friends and family members to fund their business ideas while they are in school. Others sell their belongings for cash to launch businesses. This strategy comes as a matter of priority and passion for being an entrepreneur and business owner. It is undeniable that money plays an essential role in starting a business. However, excuse the excuse of "I don't have enough money to start a business" as a student and start thinking about ways to generate funds to put your ideas running.
7. Manage your time effectively.
Operating a business on campus, plus academic work isn't on a silver platter or for the weak. It is a game of balancing your focus and coordination. The winners in this game become successful by managing their time effectively. They know exactly where to be and what to do at every minute they have. Time for learning, planning, implementation, and evaluating the outcomes are very important to students who are business and entrepreneur minded.
8. Don't forget to have fun.
Sometimes you will win and other times you will learn, but remember to have fun! Schooling is one of the greatest experiences in your lifetime. Don't apportion your happiness to some other times or be sad when you meet obstacles and business failures. They are all part of the learning process and another price to pay for greatness. Celebrate the wins and learn from the failures when they come. That is how we grow.
Even if your business doesn't become one of the Fortune 500 or make it up to the Forbes list, there are rich experiences, knowledge, skills, and strategies you will learn to set you prepared for greater opportunities ahead. If students are prepared with this entrepreneurial spirit and support ahead, more businesses will be initiated to drive most of the employment issues in the economy and graduates will find more fulfilling ventures to channel their potential.
Written & Edited by;
Arthur Kwame Philip
❤️❤️
ReplyDeleteGrateful
DeleteAnother level altogether. Akpe
ReplyDeleteThanks for reading.
DeleteGreat work, how can one design a business plan?
ReplyDeleteYou need to first gather enough data about your business ideas, core activities, financial projections and marketing strategies that will help you generate the revenue. I suggest you message me privately so that we talk about this extensively, thanks.
Delete