Young Upstarts

All about entrepreneurship, intrapreneurship, ideas, innovation, and small business.

5 Typical Mistakes Of Student Entrepreneurs

Do you need to conciliate a professional schedule with academic tasks? Well, you can consider yourself a true winner for that. Few people are able to improve the educational background and build a business at the same time.

We’ve prepared a list with 5 typical mistakes made by student entrepreneurs. Read each one carefully and prepare yourself to overcome common challenges.

1. Don’t forget your university is a booster.

You have spent years building a strong history so you could join your university. Don’t waste all those years. In the future, you might miss some of these opportunities. Yes, a double journey is tough. You need to face exams, essays, and other educational challenges. In addition to that, you will have commercial goals, a whole team and clients requests waiting for you in your office.

However, your university is also a place to get easy, efficient and free feedback. Moreover, you will be able to start a business network. Professors, students, and researchers are some of the best people to be around.

You will also be in touch with fresh ideas and concepts. Most entrepreneurs are desperate to be around creativity – you have it all the time.

2. Not all classmates are potential partners.

You shouldn’t think all your colleagues are magical entrepreneurs. Wait… didn’t you just read you how incredible is being around other students? Yes, you did. But be careful. You can laugh and go out with as many classmates as you want. Despite that, you must think of your business as a sacred temple. You must select the best partners. Choose people with bold goals and strong backgrounds.

Surrounding yourself with good people will ease your days. When you do that, you open the doors to motivation, happiness, and achievements. Amazing, isn’t it? What about your ideal partners? They should be positive, ambitious and professional. Think of them as a true team: you will be there for them, and when it’s your time to seek assistance, you will have the best on your side.

Some people might waste your time. It doesn’t matter if they are not true entrepreneurs or they have negative attitudes. If you find yourself in a classroom full of colleagues, but lacking what you need to build good relationships, don’t worry. You are capable of finding the right partners outside.

3. You can’t embrace the whole world.

Entrepreneurs – like you – are natural multitaskers. Paying attention to the environment around you is a positive attribute. But you are an entrepreneur student. You will often find yourself in situations where you will need to multiply your efforts. That’s why you shouldn’t overload your work capacity. Avoid pointless meetings and other activities that won’t help your goal. You need to find the balance between academics and business. Outsourcing is a great solution for activities you don’t have time to develop.

Do you need to finish a huge work for a client and need to write or review an essay? You can always google “write my essay” and find a reliable platform, saving your time for your professional project.

Essays and other academic tasks are important to your education, sure. But you also have other essential activities. Hiring assistance doesn’t mean you can’t do something. It means you worry about your duties and won’t give up.

4. Your ideas won’t sell themselves easily.

Are you inspired by leaders like Steve Jobs, Bill Gates and Mark Zuckerberg? Well, that’s natural. They are some of the best entrepreneurs of all times. Some people might think all successful ideas sell themselves. Yet, self-selling is almost a myth. Great products never survive simply because they are great.

Most amazing conquests need a true hero, willing to do whatever is necessary to prevail. You might create an awesome product or service, but if you don’t know how to sell it, you have a problem. Work hard on your prospects.

5. Think exactly like the competition… and fail.

Being on the market is all about making difference. You must think outside the box. It doesn’t matter how unique your product or service is. Competition is a natural thing. So, there is one thing you should ask yourself: why would anyone choose my company? People will choose you because you’re offering advantages no one else does. That’s why you must be one step ahead of the competition.

Next time you study business models, start planning different approaches. While some of your colleagues might follow the flow, you will train yourself to be distinct.

Seeing the other side is a technique. Like any other skill, you must practice applying when you need it. It’s your turn

Now you know some of the mistakes most student entrepreneurs make. Of course, things might be different according to your reality. But you can definitely fit these situations in your background. When it comes to walking your path through the road to success, the more you know about your problems the better.

Study hard, work hard. You have the power to decide your future.

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Young Upstarts is a business and technology blog that champions new ideas, innovation and entrepreneurship. It focuses on highlighting young people and small businesses, celebrating their vision and role in changing the world with their ideas, products and services.

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