As a fresh-faced College graduate, it’s hard to know where to turn next. Clutching your diploma warily in one hand while filling in mundane job applications with the other doesn’t sound like much fun, does it? That’s because it isn’t, especially for the budding entrepreneur. You’ve got big ideas, but small resources. So, how do you make the best of a bad situation? Let’s review your options, shall we?
You can either do what an increasing number of graduates are doing (working for the man), or take matters into your own hands. If you’re going to change the world, you have to start somewhere. Let’s begin.
The first thing you’re going to need to arm yourself with is a big idea. Remember, all businesses start life as a seedling in the brain. What comes next depends on how well you water it from there. But that would be getting ahead of yourself. Before you concern yourself with any of that, you need to have a clear and concise plan of attack. What do your niche and demographic look like? Do extensive market research and look at all the potential pitfalls you may have to avoid. History is filled with people that have made mistakes. Learn lessons on their behalf and keep your ship steady.
If you’re ever going to get off the ground, you’re going to need funding for your business. When you’re a budding startup, there are rarely ever huge reserves of cash to fall back on. Your success or failure comes down entirely to your own initiative. You may choose to spend a few years working in your industry of choice, which might be a good idea. Not only can you start saving this way, but you’ll get vital hands-on experience and learning opportunities. If you’re too impatient for that (and most entrepreneurs are), you’ll have to look a little further afield. There may well be government initiative schemes looking to help you out. Otherwise, you may have to shop around for investors. Good luck convincing them of your strategy. Take advantage of the help available to you.
Okay, so you’ve got your big idea, and you’ve got money behind you. What now? It’s time for the real hard work to begin. In all likelihood, this is going to involve countless sleepless nights. You’re about to learn (the hard way) that there just aren’t enough hours in the day. Welcome to our world! No matter how many things you have to get done, it’s hard to find a way to find the time. Organization is crucial at a time like this. Chances are you’re going to be doing a lot of work from your bedroom. What, you didn’t think you’d be responsible for a giant corporate enterprise already, did you? This is where you can’t let your imagination get carried away with you. Don’t take too many risks at this juncture, and work within your means. Otherwise, you’re destined to fail. Only with hard work and perseverance will you ever succeed.