Why start a business in college? - Why Not?

In my opinion there was no better time to start a new business venture, then, while I was in college, especially from a financial point of view. Although I have not received a lot of financial aid loans that I can pull out are very favorable, why? Because most student loans should not be reimbursed up to 6 months or more after you stop going to school, interest rates and usually are not as high. What does this mean? While I do not want to come off as being young and rich, accepting the loan of money is voluntary and that provide cash flow without spending at the end of each month.

On top of that your personal expenses such as housing and food are usually already included in course fee. Operating the company from a dorm room or apartment offers very low start up costs to employers, most universities. I admit that running a business and do well in school requires great time management skills, commitment and a high level of personal commitment. Not everyone will be able to run a business and go to school at the same time, but those who can have a big advantage. Of course there is a certain amount of sacrifice that will come from your commitment. So the personal problem of how much your willing to give up for success will come into play.

As I said before there are some aspects of college (not all) that may be useful for a budding entrepreneur. Most of the children of college age to use the money they get from their refund check to splurge on items that do not appreciate their net worth anyway. So why not invest that money in your future if you're really passionate about starting a business. Also, I often suggest to friends to invest at least part of that period money (CD accounts, stocks, bonds), just put it somewhere where your money can work for you. You should be aware that there is no substitute for hard work and dedication, but when you get older and can not act like you did in his youth to make your money work for you is of great importance. I can not begin to tell you how many conversations I had with my mother and older entrepreneurs who have already achieved a great success, the importance of saving money when you can not when you must. It 'ok to enjoy the fruits of your labor, but from personal experience a couple of consecutive days of rain can easily ruin your crop. Get ready for those rainy days in the best possible way.

In no way am I saying to take the money you need to get a good education and try to start a business, but if you have more left over and are able to do it, why not? ......