Finding a job while at university can be a challenge, especially when you have classes throughout the day. But for many students, not working isn’t an option. With higher fees and expensive accommodation, for many students, finding a way to make some extra money is a must.
You might be surprised to hear it, but if you are a student who is struggling financially, starting a business just might be the answer. While you are a student, you have plenty of spare time, not enough for a full-time job, but more than enough to run a small business. You also have the luxury of having your student loan to fall back on if your business fails.
If money is tight and you need a way to earn, but can’t commit to working set shifts, then starting a business could be perfect for you. However, to launch your business, get it off the ground and make a success out of it, there are a few things you will need to know.
To make running a business work for you, here is what you need to know:
Be strict with yourself
Running a successful business requires a lot of discipline. You can’t just spend a few minutes every so often working, you need to be committed. To be successful as a business owner, you need to be disciplined with yourself from the start.
Look at your class schedule and set aside time for focusing on your business. Don’t be tempted to mix studying and business time, set aside a separate period just for managing your business. Aim to spend at least 10 hours a week focusing on your business.
Set yourself goals
As well as setting aside time to focus, create a business plan and set yourself goals of where you want to be in a year’s time. Set yourself targets for each month and do everything you can
to ensure you meet them – this will help your business to steadily grow.
Make study your priority
Although it is important that you make a success of your business, studying should always be your priority. Be careful not to spend too much time focusing on your business, always make sure to put your studies first.
Treat your business as a business
It might only be a part-time venture, but it is still important to be professional. For example, instead of attempting to create a website yourself, use web design services for a professional site.
If you are serious about making a success out of your business venture, it is crucial that you always stay professional. Dress smart for meetings, stick to deadlines and always give the best service possible.
Take advantage of campus facilities
Most universities offer a range of help to business start-ups, so it is worth looking into what they can do to help you. While some universities offer grants, others give students access to specialist sites and facilities.
It is also worth asking the campus careers adviser about business mentors and who to talk to for advice. If your campus has a business department, it might be a good idea to get in touch with the head of that department for a chat.
It might not be the type of job you envisioned, but running your own business is a fantastic way to pay your way through university.