My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Starting a Business

College: Perfect Start-Up Environment

College is one of the best times to start a business--just don't forget to have fun.
Magazine Contributor
2 min read

This story appears in the May 2008 issue of Entrepreneurs StartUps Magazine. Subscribe »

Being an entrepreneur is a mind-set and a way of life. And now, entrepreneurship is one of the hottest new majors in college. College students are increasingly heading down this path--with many getting their businesses off the ground before they even graduate. But where do you start, and what awaits? We've got the inside scoop.

You should tap into the resources at your university, says Rod Shrader, an associate professor of entrepreneurship at the University of Illinois, Chicago. From the classes to the mentors to the networks of investors, college campuses are rife with the tools you'll need to start a business. Some universities, like the University of Illinois, Chicago, even have partnerships in place where local businesses offer student entrepreneurs pro bono services ranging from legal guidance to marketing.

"You have to be confident in yourself," says Joel Holland, who turned down a high-paying job at an investment bank to continue working on his business full time after college. Holland, who just graduated from Babson College, already has a thriving six-figure business, Footage Firm, which provides video footage to TV shows, movies and commercials, serving high-profile clients such as MTV and The Oprah Winfrey Show.

Be prepared to set your priorities and find balance in life, as this will undoubtedly be a challenge. After focusing entirely on his Vienna, Virginia-based business during his first two years at Babson, Holland realized he was missing out on the typical college experience, so he joined a fraternity and turned his attention a bit more toward his social life. "I have peace of mind that I had a really good time in college," says Holland, 23. And now that he's out of college, he has plenty of time to focus on his business.

Most important, remember that timing is everything. "When you're young and you have nothing except your student loans hanging over your head, you have nothing to lose," says Shrader. "That is, in fact, an ideal time to start a business."

More from Entrepreneur

Corene Summers helps clients advancing their health, careers and lives overall through reducing stress, tension and optimizing sleep.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Starting, buying, or growing your small business shouldn’t be hard. Guidant Financial works to make financing easy for current and aspiring small business owners by providing custom funding solutions, financing education, and more.

Latest on Entrepreneur