The Student Entrepreneur By Ken Esrig
By 1ClickProfitSt | December 6th, 2011Who ever said there was a starting gun to tell you when to begin your career? greatest] mistake of their lives. The key to building a company from scratch takes time and resources that most students do not believe they have.
By your junior year in a business program you will begin to interact with professors and entrepreneurs who are guest lecturers. This is the time to find your way by asking questions that will help you to decide your future business interest. If you are not a business student the ability to question your professors will offer the same benefit.
So many students claim that their professors do not know anything and they do not approach them one on one to discuss their thoughts and ideas. College is the time to find yourself. It would be much better if you found your livelihood and could use the university staff to help you develop it and work out the details. You see, in the post college world there is no team to help you find your way. Forget family and focus on you and your dream. Obviously, you must consider family but for this discussion, forget them.
So what is it you want to do? What are you interested in doing when it is your turn to call the shots? Will you find work and stay there forever or use your job as a stepping stone to your fantasy business?What is your goal?What would you like to do if you could do anything you want to, and by the way, you can. You can do anything you want to do and if you plan to achieve a goal you usually will.
So now you go to your professors, your advisor, or the dean of the business school and ask them what they think you should do based on your abilities and dreams. I did this a long time ago and it was the best thing I ever did for my career. I was between an arts and science pre-med program which was definitely not for me, or a business degree with no particular business in mind. My parents could not offer assistance and I had no clue as to what to do.
After a brief interview with the assistant dean of the college of arts and sciences, which I was forced to see as a result of my impending scholastic probation, she told me to meet my future mentor. “This is Mr. Frank Hinckley, or should I say Colonel Hinckley,” she said, “He has established a Baccalaureate program in Healthcare Management which will give you a chance to be in the healthcare field and still focus on business.” Holy Guacamole (to paraphrase my real thoughts) this sounded perfect for me.
For many years my dear friend Frank and I kept in touch and even worked together at a large company. He pointed me into a new direction which I had never thought of before. The other thing that I did, was to [begin build my own company from the ground up using my professors’ direction.
Consider this, you now have sought out advice and found your calling. You have direction but you have never really been more than a student. So why not use every assignment to build your future? Regardless of the project, use it to fill in pieces to your master plan for your dream job.
Commit your plan to writing! It will keep. A good idea which is well developed and organized properly will still have value in months and years to come. Identify your dream business and each class that you take should add a major component to developing your business plan. create] a marketing plan, put in your own spread sheet with your goal information. Either turn it in and develop it with your professor or simply add it to your folder of your dream business plan.
Every time you have another class, tell the professor of your dream business. Throughout the semester you should follow up for additional advice. If you think this is [hard. If you can clearly articulate your dream then while you are in college you can have the entire foundation laid out before you graduate and obtain credits for doing your own research.
I said to forget your family because you are the only one that matters in this effort. Your dream, your dream company will have a complete business plan and marketing plan as well, before you even graduate. Even if you cannot start right away but the work that you do can be revised without much work later.
If you graduate college with a mission statement, an operational outline with detailed assumptions along with a budget and marketing plan, then the only thing you will need is capital. If you have a team of professors helping you to develop your plan over the course of two years in college, the chances of ever becoming funded are greatly increased.
Time is funny as you will find out. My book Find the Millionaire in Your Mirror, was placed in my closet for about five years. When I finally published it, everyone thought it was just as good as when I wrote it. Your business plan may not be exactly what you need when the time comes but you will have a great outline of what you need. You can modify your plan, change the budget, update the marketing plan or leave it alone. Either way you will have a full business plan for your dream company.
If you want to own a shoe store you will be almost ready. If your dream is to have a restaurant,you should think about what you will have to start with and begin planning while you are still in school. You may go so far as to develop your menu and distributors list. all the details. Any business can be included in this trick that will save you dollars and years.
In conclusion, find a dream business that you want to own. Fit every possible college class that you take into the development of your dream business. Commit it to writing and keep it safe. Take it out to motivate yourself as time goes by and when you are ready, modify it and get your funding. You will have a dream business already in your mind and in your files whenever the time is right. Picking the right time is up to you but as in the title of my newest book, you must always, Start From Where You Are.
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Tags: dollar sign sandwich, entrepreneur, student entrepreneur, success
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