Almost 50 percent of millennials plan to launch their own business within the next three years, a report claims.
Based on the report, students are aware that an entrepreneurial mindset can allow them to have resilient careers in the future. It also lets them earn extra money for different purposes like Christmas shopping. This is why there is a noticeable rise in undergraduate enrolment at entrepreneurial centers in various universities in the country. For example, the University of Michigan’s Centre for Entrepreneurship saw a 65 percent increase in the number of undergraduate enrollees over the last five years.
But running a business can take up a lot of time. If you are a student who plans to run a small business soon, here are some tips to let you practice your entrepreneurial skills while pursuing your degree.
Consider Getting A Degree Online
Since running a business can be time-consuming, students struggle to keep up with the schedule of going to a traditional university setting. If you always encounter this problem, you might start thinking about enrolling in online classes.
This option provides a flexible schedule. You may also choose where and when you want to attend the classes, finish the coursework, and interact with your professors and classmates. It can also let you enroll in free online business courses since you have more time in your hands. There is also an option to speed up your classes by signing up for accelerated degree programs. This will allow you to finish a course faster than the regular set-up.
Devise A Schedule For Proper Time Management
School and business both take up a lot of your time. You will need an effective time management technique to fulfill all your duties for both activities. For example, schedule all your classes every Mondays, Wednesdays, and Fridays then allocate the remaining days for the business.
You must also get rid of all the time-wasters in your daily schedule. These time-wasters include watching TV, checking out your social media accounts, and playing video games. Without these, you can distribute your time to the things you need the most.
Look For A Business Mentor
As a student, you have a lot of knowledgeable professors who are experts in their craft. They can act as your mentor and teach you everything that you need to learn. You can easily find a good faculty member at your university. You must also get another mentor for your business. Just like a mentor in school, your business mentor will teach you the tricks and trade of owning a business. They will also inspire you to keep going and face all the hurdles of owning a business as soon as possible. These mentors can help you improve your entrepreneurial skills.
Your roles as a business owner and a student are very different from each other. Both need your organizing and business skills to survive both roles. You may also seek the help of the people close to you to assist in running your business with matching the heart-shaped dress.