Guide to College Entrepreneurship & Useful Resources
If the concept of college entrepreneurs sounds bizarre to you and you do not know how it works, it is high time to find out more with the help of our trusty guide. The trick here is to implement your creative ideas in practice before graduation and fund your studies or many other things that you have in mind. Why should a person wait when they already know how to achieve success, provide an excellent business plan, or show to the entire world that college students’ own business can become a major game-changer?
Before you say that it only works in some TV shows or movies, let us tell you that the idea of college entrepreneurship is not new and has been around for decades, yet things are much simpler today when you can focus on mobile startups, helpful educational solutions, or social initiatives that can work in the most remote parts of the world. Just take a look at Amazon or Facebook whose owners were the same age as you are when they have started their own company and achieved success. Even if you are not a founder of a trading empire and only want to test waters to see if you can make it or not, our guide to college entrepreneurship will help you see some options that are worth checking out!
The Best Entrepreneurship Programs to Consider
Some students prefer joining one of the relevant college courses that increase their chances of reaching success before graduation, which is why we want to include some entrepreneurial programs you should consider to see how they can benefit you:
- Stanford University Entrepreneurship Course. One of the most challenging, yet rewarding programs that provide innovative solutions and instruction by the best in the industry.
- Massachusetts Institute of Technology’s Sloan Business School. Starting from earning your MBA to Master’s in Marketing or SMM, you can start your own business as the final project!
- Haas Business College at University of California (Berkeley). If you want to focus on entertainment, the film industry, arts, and music, this is your safest choice. The majority of students enrolled are already quite famous!
- Harvard Business School. It needs no introduction as it is the standard among the world’s business leaders.
- Wharton Business College at the University of Pennsylvania. A bit more modern offer, yet it has all the necessary to learn how to become an entrepreneur as a college student and learn the art of cooperation.
UK’s entrepreneurial colleges:
- The University of Oxford. If you want a personalized approach to education, look no further!
- Warwick Business School. One of the oldest business schools that help to learn doing things the English way.
- Newcastle Business School. Regardless if you have a startup or just caught the entrepreneurial spirit, NBS has experts to help you start as you learn.
- The University of Cambridge. While it requires some competition to get in, it is second to none if you want to learn global cooperation and management.
- The University of Reading. An affordable solution that many students will appreciate.
Canada’s Top Entrepreneurship courses include:
- Schulich School of Business.
- Toronto School of Management.
- Trebas Institute.
- UBC Sauder School of Business.
- University of Toronto School of Continuing Studies.
Consider checking the curriculum breakdowns and choose those that reflect your vision and aspirations.
5 Business Startup Ideas for College Students
- Freelance & Creative Writing. If you are a bright student, you can cooperate with the other students and organize freelance and creative writing services that cover your professional field. You can also provide help as an expert. As for creative writing, it is anything from blogging to movie reviews and journalism.
- Used Clothes Store. Any college student has some old clothes to sell, which can be a great business idea to consider!
- Party Ideas & Entertainment Consulting. How about starting your business by offering great party ideas, decoration, planning, and professional consulting in the entertainment field? It is worth thinking about!
- Personal Stylist. We all want to look trendy and make an impression! Why spend money at some beauty salon when you can turn to your fellow student who knows what will turn the heads around?
- Tutoring & Psychological Help Assistance. You can provide legal help for students by assisting them with their homework challenges (like a professor!) or switch to psychological help provided online or on campus.
Of course, you can think about graphic design ideas, the creation of college safety apps, or anything that you may see important!
The Best Colleges for Entrepreneurship
It is not a secret that some colleges are the best for any business idea implementation. You can approach it as an educational incubator for your plans. Here are our best picks:
|Haas Business College||Warwick Business School||UBC Sauder School of Business|
|Babson College||University of Oxford||Toronto School of Management|
|The University of Texas in Austin, TX||University of Edinburgh||University of Fredericton|
One of the reasons why we picked these particular institutions for three countries is their focus on making any beginnings possible for students. Considered as the best colleges for entrepreneurship, they do their best to help you start your business and will discuss your business plan proposal right away.
Scholarships for Entrepreneurs
Of course, as an aspiring business leader, you should think about funding your studies with one of the available scholarships. For example:
- Grasshopper Entrepreneur Scholarship. You can win up to $5,000. This award is available for young college entrepreneurs who would not mind writing an inspiration essay on one of the business topics. Deadline: October 1, 2021.
- National Federation of Independent Business. It offers $2,000 of financial assistance. If you are ready to discuss your plans and show how you can change the world, it is worth trying and contacting this foundation. Deadline: October 1, 2021.
- Network for Teaching Entrepreneurship. If you are only starting your first business and feel serious about it, you can consider receiving from $2,500 to $25,000 depending on your situation. It has some challenges that must be passed, yet it is a great way to fund your business and studies. Deadline: October 1, 2021.
Even though some of these entrepreneurship scholarships require the writing of an essay, think about it as a way to present your business. It is a skill that you must learn. Do not forget about asking your college for various funding ideas or participate in local community work to fund your studies in another way.
Financing College Entrepreneurship
Of course, most of you have already thought about this crucial matter, which is getting your business beginnings financed properly without becoming a victim of debts and disappointment. Some of the existing options include:
- Turning to Investors. You can check out a place called “AngelList“, which is a platform that helps match investors with the young people who have promising startups or business ideas.
- Using Accelerators. It is what helps your business idea to avoid stagnation and finally move further. Consider checking Inclusive Business Accelerator and connect with one of the mentors that will guide you further.
- Business Incubator. It is best to contact the International Business Innovation Association as it will help your business idea to get noticed internationally.
- Crowdfunding. It is quite popular among college students these days. Try starting with Kickstarter and then see how your business idea progresses.
- Self-Funding. Do not ignore some self-funding as well because this business model approach will always help you to see how much time and resources you will require.
As you choose any of the options shown above, remember that you should keep an active social profile and participate in various social campaigns and show a good example of being a leader!
Entrepreneurship Resources for Students
Here are some resources that you will definitely find helpful as you seek information about the best entrepreneurial schools or the ways how you can find an excellent mentor if you lack the confidence to present your business owner benefits:
- Stanford University Social Entrepreneurship Hub. This great resource comes from the best in the industry. It offers a special roadmap to being successful, which actually works if you think hard! It has a focus on social initiatives, yet you can apply it to any subject.
- Black Enterprise. Considering the popularity of the Black Lives Matter movement, any college student can think about starting a business as an African American student or learn how to cooperate with the community.
- Minority Chamber of Commerce. Of course, our team would not forget about supporting minorities or those college students who want to learn about special events and ways of support they can receive.
- Global Women’s Leadership Network. One of the most unique websites that female college entrepreneurs must consider. It has tips from the most powerful women leaders that are united to empower each other.
- Ladies Who Launch. Another great and free resource that supports female students. It has a great focus on role models and offers psychological assistance.
- America’s Small Business Development Center. This national network explains how to achieve success.
- Center for Business Planning. This great resource helps to understand how important it is to plan things in advance for your business.
Most importantly, remember that you can achieve success if you remain open-minded, learn how to listen, keep patient, and cooperate with other people. Share your ideas, show confidence, and do not miss your chance to start your project as a college student! We hope that our guide to the best entrepreneurship programs will assist you as you make your choice!