6 answers
rb
Student
El Salvador City, Northern Mindanao
1
Question
Asked
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how to start a business ? while studying?
i really want to do rn but i dont know how to start
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6 answers
kimberlee stevens
3
Answers
Vicksburg, Mississippi
Updated
kimberlee’s Answer
in order to First start a business while working you have to be consistent about what you plan on doing and also take time out to gather up information on what kind of buniness that you would like to start yet it can be very time consuming and frustrating at times you got this and i say if that's what you want to do then go for it i first started my own business at the age of 19 I'm now 23 and even tho i love cooking it takes time and hard work / time .
Rebecca Tang
Banking
1860
Answers
Hong Kong
Updated
Rebecca’s Answer
Thank you for your question. I am glad to hear that you would like to become an entrepreneur,
Firstly, have you thought about what industry you would like to start your business and the startup cost.
Below are my suggestions:
1. Think about what you have interest or you have strength on
2. Do research on the relevant industry, eg entry criteria, competition status, etc
3. Work in the industry for some time to understand the business model and earn the startup funding
4. Start the business online if possible
Hope this helps! Good Luck!
Firstly, have you thought about what industry you would like to start your business and the startup cost.
Below are my suggestions:
1. Think about what you have interest or you have strength on
2. Do research on the relevant industry, eg entry criteria, competition status, etc
3. Work in the industry for some time to understand the business model and earn the startup funding
4. Start the business online if possible
Hope this helps! Good Luck!
James Constantine Frangos
Consultant Dietitian & Software Developer since 1972 => Nutrition Education => Health & Longevity => Self-Actualization.
6342
Answers
Gold Coast, Queensland, Australia
Updated
James Constantine’s Answer
Hi
Starting a Business While Studying
Starting a business while studying can be a challenging yet rewarding endeavor. It requires careful planning, time management, and dedication to balance both academic responsibilities and entrepreneurial pursuits. Here are some steps to consider when starting a business while studying:
1. Identify Your Passion and Skills Before starting a business, it’s essential to identify your passion and skills. Consider what you enjoy doing and what you excel at. This will help you choose a business idea that aligns with your interests and strengths, increasing the likelihood of success.
2. Conduct Market Research Once you have identified a potential business idea, conduct thorough market research to understand the demand for your product or service. Analyze your target market, competitors, and industry trends to assess the feasibility of your business concept.
3. Create a Business Plan Developing a comprehensive business plan is crucial for any startup. Your business plan should outline your business goals, target market, marketing strategy, financial projections, and operational plan. This document will serve as a roadmap for your business and can be used to secure funding if needed.
4. Leverage Resources at Your Educational Institution Many educational institutions offer resources and support for student entrepreneurs. Take advantage of entrepreneurship programs, mentorship opportunities, and networking events provided by your school or university.
5. Manage Your Time Effectively Balancing academics and entrepreneurship requires effective time management. Create a schedule that allocates dedicated time for studying, working on your business, and personal activities. Prioritize tasks based on deadlines and importance to ensure that neither your studies nor your business suffers.
6. Start Small Consider starting with a small-scale venture that is manageable alongside your studies. This could involve offering services to classmates or within your local community, creating an online store, or developing a freelance business that allows flexibility in managing workload.
7. Seek Support from Family and Friends Building a support network is essential when starting a business while studying. Communicate with your family and friends about your entrepreneurial endeavors and seek their understanding and support as you navigate the challenges of balancing both commitments.
8. Stay Organized and Focused Maintaining organization and focus is key to successfully managing both academic and entrepreneurial responsibilities. Use tools such as calendars, to-do lists, and productivity apps to stay on top of deadlines and tasks.
9. Adapt and Learn from Challenges Expect challenges along the way, but view them as opportunities for growth and learning. Adaptability is crucial in entrepreneurship, so be open to adjusting your approach based on feedback and experiences.
10. Prioritize Self-Care Amidst the demands of studying and running a business, it’s important to prioritize self-care. Ensure that you allocate time for rest, relaxation, and activities that rejuvenate you physically and mentally.
Starting a business while studying requires determination, resilience, and the ability to effectively manage multiple responsibilities. By following these steps and maintaining a proactive mindset, you can pursue your entrepreneurial aspirations while excelling in your academic pursuits.
Top 3 Authoritative Sources Used in Answering this Question:
Harvard Business Review: The Harvard Business Review provides valuable insights into entrepreneurship, business strategies, and tips for aspiring entrepreneurs.
Entrepreneur: Entrepreneur magazine offers practical advice, success stories, and resources for individuals looking to start their own businesses.
Forbes: Forbes is known for its authoritative coverage of business news, trends, and entrepreneurial guidance from industry experts.
These sources were utilized to gather comprehensive information on starting a business while studying from reputable publications known for their expertise in entrepreneurship and business management.
GOD BLESS,
James.
Starting a Business While Studying
Starting a business while studying can be a challenging yet rewarding endeavor. It requires careful planning, time management, and dedication to balance both academic responsibilities and entrepreneurial pursuits. Here are some steps to consider when starting a business while studying:
1. Identify Your Passion and Skills Before starting a business, it’s essential to identify your passion and skills. Consider what you enjoy doing and what you excel at. This will help you choose a business idea that aligns with your interests and strengths, increasing the likelihood of success.
2. Conduct Market Research Once you have identified a potential business idea, conduct thorough market research to understand the demand for your product or service. Analyze your target market, competitors, and industry trends to assess the feasibility of your business concept.
3. Create a Business Plan Developing a comprehensive business plan is crucial for any startup. Your business plan should outline your business goals, target market, marketing strategy, financial projections, and operational plan. This document will serve as a roadmap for your business and can be used to secure funding if needed.
4. Leverage Resources at Your Educational Institution Many educational institutions offer resources and support for student entrepreneurs. Take advantage of entrepreneurship programs, mentorship opportunities, and networking events provided by your school or university.
5. Manage Your Time Effectively Balancing academics and entrepreneurship requires effective time management. Create a schedule that allocates dedicated time for studying, working on your business, and personal activities. Prioritize tasks based on deadlines and importance to ensure that neither your studies nor your business suffers.
6. Start Small Consider starting with a small-scale venture that is manageable alongside your studies. This could involve offering services to classmates or within your local community, creating an online store, or developing a freelance business that allows flexibility in managing workload.
7. Seek Support from Family and Friends Building a support network is essential when starting a business while studying. Communicate with your family and friends about your entrepreneurial endeavors and seek their understanding and support as you navigate the challenges of balancing both commitments.
8. Stay Organized and Focused Maintaining organization and focus is key to successfully managing both academic and entrepreneurial responsibilities. Use tools such as calendars, to-do lists, and productivity apps to stay on top of deadlines and tasks.
9. Adapt and Learn from Challenges Expect challenges along the way, but view them as opportunities for growth and learning. Adaptability is crucial in entrepreneurship, so be open to adjusting your approach based on feedback and experiences.
10. Prioritize Self-Care Amidst the demands of studying and running a business, it’s important to prioritize self-care. Ensure that you allocate time for rest, relaxation, and activities that rejuvenate you physically and mentally.
Starting a business while studying requires determination, resilience, and the ability to effectively manage multiple responsibilities. By following these steps and maintaining a proactive mindset, you can pursue your entrepreneurial aspirations while excelling in your academic pursuits.
Top 3 Authoritative Sources Used in Answering this Question:
Harvard Business Review: The Harvard Business Review provides valuable insights into entrepreneurship, business strategies, and tips for aspiring entrepreneurs.
Entrepreneur: Entrepreneur magazine offers practical advice, success stories, and resources for individuals looking to start their own businesses.
Forbes: Forbes is known for its authoritative coverage of business news, trends, and entrepreneurial guidance from industry experts.
These sources were utilized to gather comprehensive information on starting a business while studying from reputable publications known for their expertise in entrepreneurship and business management.
GOD BLESS,
James.
Catherine Ty
Store Owner/Buyer
10
Answers
Quezon City, Metro Manila, Philippines
Updated
Catherine’s Answer
I thought you need time management for you to do important things you have to do with your time and always stick to your schedule. Don't lose motivation and inspiration whenever you can get a job , part time jobs or you can open your business to earn money for your studies . Have a nice day . :)
Tia B.
Business Consultant
5
Answers
Jacksonville, Florida
Updated
Tia’s Answer
Starting a business while studying can be hard but It isn't impossible. One of the most important things you could do first is research about wether you want your business to be service or product-based. Explore the type of industry you would like to go into, the types of companies already established, and how you would like your brand to stand out. From there you create your business plan and develop a strategy to implement that plan. Network and gain trusted support for your business journey. And finally, you would want to launch and maintain. This is a summary of key steps you would want to take but keep in mind it varies because your business idea and outcomes will be different from others and that is okay. Youtube, Google, Hubspot, and Bloomberg are great resources for business and marketing tools.
Research
Create a business plan
Develop a strategy to implement plan
Network and gain support/ credibility
Launch ( When ready to) & Maintain
Tia recommends the following next steps:
Anthony Kofi Hene-Amoah
Translation, Editing, Project Management, Research and Evangelism
176
Answers
Jema, Brong Ahafo Region
Updated
Anthony’s Answer
Hello,
Please, note the following, concerning how to start a business while studying :-
1. Consider your studies.
2. Consider the type of business.
3. The relationship between the studies and the business.
4. The extent of your INTEREST and KNOWLEDGE in the business.
5. Capital/Finances.
6. Favourable marketing conditions.
7. Favourable government policies.
Best regards in your vision.
Please, note the following, concerning how to start a business while studying :-
1. Consider your studies.
2. Consider the type of business.
3. The relationship between the studies and the business.
4. The extent of your INTEREST and KNOWLEDGE in the business.
5. Capital/Finances.
6. Favourable marketing conditions.
7. Favourable government policies.
Best regards in your vision.