2. You could get a job, but instead build a business:
Starting a business while you’re in college can be incredibly enriching in so many ways. First, if you build it successfully, you can make more money than you ever would at a minimum or student wage job.Â Second, you will create an impressive career highlight that you can add to your rÃ©sumÃ© before you graduate; this will make you a lot more competitive in a tough job market. Third, you might come up with an idea or business that literally makes you rich.Â Fourth, if you grow the business to the point that you need help, you can recruit co-founders from your campus peers or hire smart students for minimal wages.
Fifth, even if you don’t come up with a million dollar idea you can make enough money to cover your expenses while in college and gain incredible knowledge and wisdom. By managing your company you will develop certain insights that will help you understand both sides of business: Often, employees complain about how little money they make without very much understanding of their manager’s or the business owner’s position.Â If you launch a business in college and start managing a budget, you will experience firsthand how much a line item for labor can be and how quickly other items can add up.Â Sure, managers and owners might like to dole out raises, but they have to keep the whole business afloat or there would be no money, period. By operating a business you will learn many lessons that will accelerate your success whether you decide to pursue a corporate career or continue business ownership after graduating.
Sixth, you will develop presentation and sales skills, marketing know-how and leadership all at the ripe old age of 20-something. Plus, knowing that you started a concept from scratch and made it successful will give you confidence, or shall I say “swag,â€ and that’s a recognizable attribute right away. Starting a business will put you far ahead of the pack.