How to Become a Successful Student Entrepreneur



Becoming a student entrepreneur is a serious decision to take. Once taken, it requires you to be a strong and persistent leader. You can spend months or even years on creating a business plan, testing out the idea, searching for funding and other steps involved in entrepreneurship.

A wise approach can make your path to success shorter and steadier. These 7 tips from can help a first-time business person reach their goals.

1.  Change your daily habits

If you want to stay on top of things, become an efficient time manager. No matter how many tasks you have, you’ll be able to cope with everything with a properly-planned schedule. Use following hacks to keep a healthy balance between your studies and startup:

  • Change your sleep pattern. Make a habit of waking up early in the morning. It will boost productivity;
  • Create a to-do-list the night before, so in the morning you’re cheerful and ready to execute;
  • Use your breaks efficiently. For example, if you have to complete your essay, add a paragraph during lunch time.

2.  Organization is key

Small business owners are required to wear many hats. To make sure that all the tasks are completed, they delegate responsibilities. If they fail to do that, things get forgotten, work piles up, and the business starts to look unprofessional.

You don’t need a team of consultants and fancy tools to get organized. You just need to avoid common irresponsibility and immaturity drawbacks:

  • Keep your workspace neat. Thus, you won’t waste your time on searching an important stuff;
  • Take control of papers and documents you’re working with;
  • Don’t talk about non-business matters while working on your project;
  • Spend less time on surfing the net, managing your social media accounts, checking personal email, etc. Thus, you’ll cut out an extra hour every day for essay writing, preparing presentations and reading the assigned books. Your studies still a priority;
  • Use productivity tools, like Basecamp to cooperate on a project or Quickbooks Online for accounting and bookkeeping.

3.  Get rid of negative thoughts

Pessimistic attitude drains your ideas, energy, and even health. It builds the barriers in your head. You start thinking that you’re not experienced and educated enough to run a business.

Oxford Entrepreneurs, the largest European entrepreneurship society says that 51% people under the age of 25 start businesses in the UK. 53% of them have only a Bachelor’s degree. 69% don’t even have a degree related to business. So, your success isn’t limited by the age or experience.

4.  Don’t underestimate yourself

Abraham Maslow said: “If you plan on being anything less than you are capable of being, you will probably be unhappy all the days of your life.” It’s a mistake not to pursue your dream. Allow yourself to grow as an entrepreneur and a person.

The path to your goal will be riddled with mistakes. Even established businessmen make miscalculated decisions and face unforeseen circumstances. The stories of success usually don’t highlight these facts. When you read them, you may think that winners are never wrong. The truth is that they learn from their mistakes. So, don’t let any challenges stop you.

5.  Take every possibility to learn

As a student and a new person in business, you may lack necessary knowledge and experience. But you can bridge the gap pretty fast. All you need is to use your time smart.

Once you have a free minute, carefully read materials related to your business. Take notes in order to refer the information at any time.

Alumni’s companies often participate in career fairs. It is a chance to meet successful businessmen and have a word of advice. But as you know, it is easiest to learn from practice. So, work on your startup constantly.

Experienced entrepreneurs have valuable habits. You can develop them as well.

  • Set goals and priorities;
  • Meet the deadlines;
  • Always be prepared for the meetings;
  • Follow a dress code when necessary (the meetings with possible sponsors);
  • Be diplomatic and tactful with employees and other business people;
  • Collect business cards to build a network.

6.  Don’t let the opportunities go away

Opportunities are everywhere. Open your eyes and see them! Your status of a college student provides you with lots of resources.

Let’s start with your professors. They’re experts in various subjects. A professor’s office hours are a valuable resource for you. Don’t be shy to visit them.

Many universities have startup programs associated with them. The most famous are McGill University’s Dobson Center for Entrepreneurship, École de Technologie Supérieure’s Centech and Concordia University’s District 3.

Consider other campus-based resources. The library is there not only for you to make a research for your academic papers. It contains business resources, such as business license requirements and forms, industry trade journals, local tax information and more. In college, you can also benefit from free Wi-Fi, free or reduced cost technology, software and apps, and meeting rooms. You may never seize the same opportunities again after graduation.

7.  Nobody will make it instead of you

Some people avoid working hard. They’re waiting for a lucky moment or for someone to come and help them. This approach won’t take you far.

Doing small steps every day will lead you to more opportunities and better results. Of course, you can get support. But people choose to work in partnership with or give funds to energetic, motivated and industrious students.

Graduates often find themselves lost after college. They cannot get desired job, pay off their student loans, or cover their living expenses.

A startup can help you accelerate your career and take control of your future life. It gives you lessons for success. And there’s always a chance that your small startup can grow into a big company.

Many people just accept what has been handed to them. They don’t even try to step out of their comfort zone. An entrepreneurship is about taking risks. You may lead a different life in a year! Bear the above tips in mind and make the next twelve months truly special.

About the Author: Michelle Brooks is the independent writer and editor. She contributes to the educational resource and blogs about education, career and e-learning.