The thing many college entrepreneurs miss after graduating and taking their business full time is, well, everything--from free access to computers, office equipment and work space to advisors available 24/7. William D. Bygrave, director of the Arthur M. Blank Center for Entrepreneurship at Babson College in Wellesley, Massachusetts, offers these tips for going full time:
- Don't buy anything you can lease or rent. If you need office furniture, buy secondhand.
- Consider renting office space in a facility where you can share the cost of office machines and a receptionist.
- Keep your personal expenses as low as possible. Months may go by before you'll be able to pay yourself a salary.
- Network with contacts who have given you useful advice in the past, including former professors and classmates.
William D. Bygrave, email@example.com
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