Jake Croman | Tips On Running Your Small Business While Earning A Degree
Steve Jobs, Bill Gates, Michael Dell. There may be
some famous success stories of college dropouts
running their own startups, but those are the
exception rather than the rule.
Whether it’s already up and running or you’re starting in
the midst of school, your business and educational goals can
be met if you’ve got the right mindset. Here are a few tips to
meet the challenge and get the most out of your time in
This might seem obvious, but
running a business is a full-time job.
Adding in a college workload is a big
task and not one that will allow you
regular breaks. You don’t want to kill
yourself with work, but always
remember the path you’ve chosen is
one that takes a massive
commitment of time and energy.
Don’t shy away from that fact,
You won’t be the only
student on campus with
an eye towards the future.
Even if they’re not
like you, your classmates
may have valuable skills
that can help you and
your company later on.
You’re spending most of
your days among a
diverse group of minds
from many walks of life.
While your position is somewhat unique, there
are government programs designed to help
students like you. The Small Business
Administration’s Student Startup Plan gives loan
assistance to students who are earning money
after or during college. They’ll limit your monthly
payments based on how much money you’re
bringing in. If you’re weighed down with student
loans, this program can be a massive help.
The federal government isn’t the
only one interested in helping
students who run their own
businesses. Many colleges are
now offering courses and even
majors in entrepreneurship. If
you haven’t decided on a school
yet, consider one that offers
coursework in building your own
YOUR COMMUNITY RESPONSE
One, unfortunately, overlooked
aspect of scheduling is making sure
you’re getting enough sleep.
Drinking mass amounts of coffee
might seem like a nice short-term
solution, but if you’re not in good
health and resting normally, the
quality of your work will suffer.
The fact that you’re both a student and a
business owner will probably be impressive
to most people on some level, but a number
of those that you deal with (whether
vendors, customers, or clients) might not be
as thrilled with it. It’s unwise to try and hide
the truth, so be upfront about it. If they
choose not to work with you, consider it
This point is pretty intuitive since
you’re almost certainly going to be
on a fixed budget, but it’s crucial not
to count on future earnings to make
up for whatever spending you’re
doing now. Even if you aren’t going to
have student loan debt on your
hands, it’ll be a bad position to exit
college with business debt weighing
you and your company down.
For more info, please