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Jake Croman | 9 Tips for Balancing College Work While Starting Your Business

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Jake Croman lists and explains his 9 Tips for Balancing College Work While Starting Your Business, for more from Jake Croman, please visit his website: http://jakecroman.co

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Jake Croman | 9 Tips for Balancing College Work While Starting Your Business

  1. 1. 9 Tips for Balancing College Work While Starting Your Business by Jake Croman
  2. 2. 9 Tips for Balancing College Work While Starting Your Business As many entrepreneurs know, dedicating time and energy to a business venture is a job all its own. It takes willpower to start a business at any age, but starting your first enterprise while still in school is especially challenging.
  3. 3. 9 Tips for Balancing College Work While Starting Your Business Yet, some of the most famous CEOs got their big ideas while in college. Facebook’s Mark Zuckerberg, Michael Dell of Dell Computers, and Insomnia Cookies’ Steve Berkowitz all started their businesses in dorms or on campus. Today, young entrepreneurs are eager to emulate these successes before they graduate college.
  4. 4. Still, balancing schoolwork and the entrepreneurial dream are often troublesome for students. Many are reluctant to follow their business plans if they equate it with wasted tuition. But the two don’t have to be mutually exclusive. Luckily, now is a great time to develop that entrepreneurial spirit while in college.
  5. 5. School can help define and influence your career goals rather than hinder them. If you’re a budding entrepreneur who's still in school, these key steps can help balance your academic and professional careers...
  6. 6. #1.  Prioritize Finding your priorities can be a challenge. First, determine your short-term and long-term career goals and how school fits into them. Questioning your impetus for school and business can help you determine the most important needs.
  7. 7. 9 Tips for Balancing College Work While Starting Your Business Always ask yourself: - Why are you starting a business before graduation? -Why do you value staying in school? - Can your schoolwork help you build a business? - Do you see a future career with your business after graduation? When answering these questions, clearly define your reasons. Then decide when to sacrifice study time versus business opportunities.
  8. 8. 9 Tips for Balancing College Work While Starting Your Business Don’t beat yourself up if you want to work on a business strategy for a few days. If you want to integrate your class plan into your business plan, make sure you implement some of the key lesson strategies into your business or networking endeavors for the week. PRO TIP:
  9. 9. #2. Choose the right courses
  10. 10. 9 Tips for Balancing College Work While Starting Your Business Pick classes to meet expert professors and other like-minded individuals. Attending courses related to your venture helps save time and allows more practice with your business endeavors.
  11. 11. #3. Utilize school resources
  12. 12. 9 Tips for Balancing College Work While Starting Your Business As part of your tuition, colleges and universities offer several free resources you can utilize while starting your business. Copy and print services, free wifi, online resources, and library materials are indispensable tools to help progress your business interests. Plus, you should be able to get discounts on student software. . Up to 77% of small business entrepreneurs pay for their startup out of pocket at first, so maximize on resources while they’re free.
  13. 13. #4. Connect with other students
  14. 14. 9 Tips for Balancing College Work While Starting Your Business College offers students lots of spare time. While you’re building your business, connect with fellow classmates and students for recruitment opportunities. Consider pitching the idea of collaboration to them and make it a learning opportunity for everyone. Many startups have employed students for onboarding. Plus, college is a multidisciplinary hub. You’re more likely to meet well-rounded individuals with diverse ideas to produce intersecting and innovative concepts.
  15. 15. Also, check if your school provides an Entrepreneurship or Business Department with alumni connections. Departments within the business school can assist entrepreneurs with business strategy and finding lucrative mentors.
  16. 16. #5. Ask business-minded questions in class
  17. 17. 9 Tips for Balancing College Work While Starting Your Business In order to produce a high- quality business product, you’ll have to test everything carefully. First, you have to find a work strategy so you know how much time to allot for schoolwork and business. Examine your competitors’ sales strategies and test your product in your college community. Asking questions will help develop your business plan and result in better time management.
  18. 18. #6. Find funding options
  19. 19. 9 Tips for Balancing College Work While Starting Your Business Financial growth is an important factor in the early stages of any business. If you’re looking to generate money flow, college is a great way to find funding sources for your startup. Finance and scholarship offices can help you secure loans, federal grants, scholarships, and fellowships that offer students financial assistance. Holding an .edu email address is lucrative because there are specific funding options available for student entrepreneurs.
  20. 20. #7. Create a schedule and checklist
  21. 21. 9 Tips for Balancing College Work While Starting Your Business Feeling overwhelmed? Many students and entrepreneurs benefit from creating a to-do list. If you need to fit in goals each day, make yourself a daily checklist and highlight the most important deadlines. Checklists help you stay focused and optimize specific goals.
  22. 22. PRO TIP: Splitting up specific goals into time blocks can help you focus and manage details more efficiently.  Consider working on school work during the first half of the day and your business plans during the evening.
  23. 23. #8. Learn to  say no
  24. 24. 9 Tips for Balancing College Work While Starting Your Business Knowing your boundaries is an important part of becoming a business leader. As you study in school, be sure to make a routine for your schoolwork and business endeavors. But say “no” to any over-extend you. If friends invite you out for drinks, it’s ok to say “no”.  Designate weekends for maintaining relationships or enjoy a drink while at a networking or business event.
  25. 25. #9. Find a mentor
  26. 26. 9 Tips for Balancing College Work While Starting Your Business College offers a vast network to help you meet seasoned professionals and expand upon ideas. Finding mentors is one benefit of college networks. Ask mentors if they can introduce you to local business development offices or experts in the field. Mentors are there to offer sage advice, coaching, and opportunities to connect with businesses for college credit.  
  27. 27. A full schedule can make you feel like a ticking time bomb. But combining school and work can help balance the day. If you’re passionate about an idea, take the risk and develop it. Attending college provides opportunity, crucial learning experience, and time to fail. Embrace the ideal that business and education can be balanced and stay dedicated to both worlds. School is the perfect opportunity for you to blossom and grow your business while becoming a more well-rounded, astute individual.  
  28. 28. Thanks for viewing! For more tips, visit my website: JakeCroman.co & connect with me on social media!

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