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May-19th-2012

6 Secrets to Starting a Successful Business As a College Student

As a college student you no doubt need extra money. Therefore, starting a business is probably something you have considered. I personally thought about and looked into various business opportunities for nearly five years before I finally started one just before my last two years as a student. Starting and running a successful business as a college student can be challenging. Learn from my experiences and mistakes and start your own successful business while still a student.

1. Take the time to plan and carefully consider which business you are going to start. This is crucial to your success. Chose a business you can run successfully not only while you are a student as well as later after you have graduated. You also need to choose a product or service you are passionate about. This will make running your business much easier.

2. Think about your talents and resources. For most college students it will probably make more sense to start a home business such as with a network marketing company or a service business such as web design or courier services. Make a list of all of the possibilities you can create plus the advantages and disadvantages of each one. If you can, try and talk with other college students who have their own businesses or with other successful business owners who started their businesses while they were in college.

3. Take advantage of special discounts and resources available to you only as a student. For example, you can get discounts on printing flyers, air plane tickets, tickets to events and more.

4. Network with other students as well as other business professionals. Take the time to join your local chamber of commerce and attend the meetings and events regularly. This will not only grow your client base and your contact base but it will also make you more known in your community and people will see that you are serious and professional about your business.

5. Avoid too much debt but we willing to spend the money you need to spend to get the results you are seeking. You may have to take out a loan for this and in many cases it will pay off but just be certain you absolutely need the money to run your business and that you have a specific plan for using the money.

6. Have goals for both the short term and the long term. What do you plan to accomplish with your business not only while you are still a college student but later on after you have graduated as well? Write down your goals and read them daily. This will help you to remain focused on your ultimate goal of running a successful and profitable business.

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