2 answers
Tony
Student
Elk River, Minnesota
2
Questions
Asked
401 views
When do people typically start a business?
Do people usually start a company pre-graduating from college or after?
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2 answers
Tammy Lum
Human Resources (HR) Lead
2
Answers
Sacramento, California
Updated
Tammy’s Answer
Consider these questions: Are you truly passionate about the service you aim to offer or the product you aspire to create? Are you prepared to devote the necessary time and effort to kick-start your venture? It's a bonus if your product or service meets a need, bridges a gap, or solves a problem. Depending on your business concept, why not give it a trial run among your friends and family to gauge their interest?
Take inspiration from a story close to home: A young boy in my neighborhood, inspired by a movie about a child entrepreneur, asked his father if he could start a business. Despite being only seven, his father supported his ambition. They began on a small scale, setting achievable goals, which the boy consistently surpassed. Over time, they expanded their venture into a registered non-profit organization, gaining media attention and making a significant impact on the community.
So, remember, regardless of your age, experience, or background, if you possess the passion and determination, you can certainly launch your venture when you feel ready. Don't hold back thinking you need to have everything figured out from the start.
Figure out what steps you can take to get started and then give it a go!
Perhaps research what others did in a similar situation to get started. Talk to other business owners to ask what they did to get started.
Take business classes that may help in any area where you may need to learn more.
Take inspiration from a story close to home: A young boy in my neighborhood, inspired by a movie about a child entrepreneur, asked his father if he could start a business. Despite being only seven, his father supported his ambition. They began on a small scale, setting achievable goals, which the boy consistently surpassed. Over time, they expanded their venture into a registered non-profit organization, gaining media attention and making a significant impact on the community.
So, remember, regardless of your age, experience, or background, if you possess the passion and determination, you can certainly launch your venture when you feel ready. Don't hold back thinking you need to have everything figured out from the start.
Tammy recommends the following next steps:
Brittney Betts
Junior Accountant
27
Answers
Pinellas Park, Florida
Updated
Brittney’s Answer
Hey Tony!
Remember, there's no one-size-fits-all when it comes to starting a business. Everyone embarks on their entrepreneurial journey at a time that suits them best. So, when you feel financially ready and confident, that's the perfect time for you to kickstart your business. This would be the moment when you've gathered all the necessary resources or have the means to procure them. It's crucial to ensure that you can devote ample time to smoothen the launch process and strategize the growth of your business.
College can be a great platform to hone your entrepreneurial skills. It offers a plethora of courses that can equip you with valuable knowledge. You'll learn about financial ratios and projections, which can help you plan your business's financial future. You'll also acquire management skills, essential for leading a team. Utilize your college years to meticulously plan the inception of your business. The knowledge you gain can be instrumental in strengthening and refining your plan. And remember, you don't have to wait until graduation to set your business in motion!
I hope this advice proves beneficial for you. Wishing you nothing but success on your journey!
Remember, there's no one-size-fits-all when it comes to starting a business. Everyone embarks on their entrepreneurial journey at a time that suits them best. So, when you feel financially ready and confident, that's the perfect time for you to kickstart your business. This would be the moment when you've gathered all the necessary resources or have the means to procure them. It's crucial to ensure that you can devote ample time to smoothen the launch process and strategize the growth of your business.
College can be a great platform to hone your entrepreneurial skills. It offers a plethora of courses that can equip you with valuable knowledge. You'll learn about financial ratios and projections, which can help you plan your business's financial future. You'll also acquire management skills, essential for leading a team. Utilize your college years to meticulously plan the inception of your business. The knowledge you gain can be instrumental in strengthening and refining your plan. And remember, you don't have to wait until graduation to set your business in motion!
I hope this advice proves beneficial for you. Wishing you nothing but success on your journey!