Steps to Launch Your First Business While in School

Beginning a business while still in school is one of the wisest ways to acquire hands-on experience. Not only does it make you learn discipline, but it also builds your confidence and leadership skills. If you have always wanted to begin your own business, now is the best time. Here are five simple yet powerful steps to begin your first business without sacrificing your studies.

1. Find a Problem Worth Solving

All successful businesses solve a problem. So, look around you. What are your fellow students complaining about? Do they need something on campus? For instance, if there is a waiting list for printing, begin a mobile printing service. The key is to observe and seek what is missing.

2. Verify Your Idea

Before investing too much of your energy, speak to your target audience. Get them to tell you the truth. Do they find your idea to be valuable? Would they pay for it? Utilize polling, surveys, or friendly chats to listen to their feedback. Additionally, test the idea on a small scale. This approach reduces your risk and increases your courage to continue.

3. Start With What You Have

The majority of students believe they need tons of capital to start. Not so. Most businesses can start from zero naira. Use free design apps like Canva and create a free business page on Instagram or WhatsApp. Even sell your services through group chats. Don’t spend huge money until your concept succeeds.

4. Create a Mini Business Plan

A simple business plan keeps you on track. It needs to declare your goal, your client, your money, and where you will sell it. This plan does not need to be long or difficult. A one-page plan is all you need. Make it short and revise it frequently.

5. Manage Your Time Wisely

It is tough balancing work and school. But it is possible if you plan properly. Schedule study and work time with a computer calendar. Do not work on several things simultaneously. Rather, work on one thing at a time. And rest when you need to.

In short, student entrepreneurship builds your life and pays you simultaneously. Do not wait until graduation. Begin small, be consistent, and always learn.  With these few steps, you are good to start a business.