Student entrepreneurs start businesses while completing their studies; indeed, many of today's top CEOs created companies prior to graduation. While many successful entrepreneurs start in college, it's not unusual for students in high or even middle school to found profitable companies.
Top 5 Habits of Successful Student Entrepreneurs:
Sometimes it seems as though all the good ideas for new businesses have been taken. Conceiving of and establishing a successful business takes a great deal of creativity, especially in today's crowded marketplace. Whether they're a middle school or college student, entrepreneurs are able to find a niche and inhabit it.
Student entrepreneurs developed Facebook, Mashable, Firefox, and Tumblr, among many others. One can only imagine what new, stratospherically successful businesses students will create.
Often a thriving business will demand 100 percent of its leader's attention. How does someone devote themselves to a company while finishing schoolwork and maintaining a social life? It's not easy, but student entrepreneurs are nimble enough to attend to multiple tasks.
The ability to be versatile, to maintain focus while jumping from task to task, is found in many successful student entrepreneurs.
Student entrepreneurs have a lot on their plates, balancing school attendance and homework with the many responsibilities of business ownership. A trait successful student entrepreneurs share is the ability to effectively organize their schedules, sometimes down to the minute.
Avoiding the multitude of potential distractions young people face, student entrepreneurs maintain focus on their studies and their businesses, allowing them to succeed both academically and financially.
4. Emotional intelligence.
Student entrepreneurs may lack the wisdom that comes with experience, but successful student business leaders often possess an innate sense of not only how to deal with their own emotional lives but how to build rewarding and profitable relationships.
Telling people what to do can be daunting, especially when a person is young, but successful student entrepreneurs are able to navigate potential minefields and maintain partnerships and friendships.
Many businesses fail; indeed, it's often been said that up to 90 percent of new businesses won't make it. It can be incredibly hard to give up on an organization that you built However, many prominent CEOs cite their failures and their ability to learn from them, pick up the pieces, and move on as key to their current success.
Successful student entrepreneurs are able to experience failure, learn its valuable lessons, and bounce back.
Top Student Entrepreneurs:
- Moziah “Mo” Bridges - Mo's Bows.
- Catherine Cook - MyYearbook.com.
- Rachel Zietz - Gladiator Lacrosse.
- Mark Zuckerberg - Facebook.
- Blake Ross - Firefox.
- Mikaila Ulmer - Me & the Bees Lemonade.
- Chelsea Sloane - Uptown Cheapskate.
Student Entrepreneur FAQs:
What are the benefits of entrepreneurship to students?
There are many. Students interested in entrepreneurship can learn how to effectively negotiate, how to work with people in general, how to pitch their ideas to prospective investors, how to market a product or service, and much more.
Classroom learning is important, but actually creating and operating a business provides hands-on instruction and lessons that will compliment students' schoolwork and serve them far beyond graduation.
What are the steps to becoming a student entrepreneur?
Whether a student's in college or middle school, entrepreneurship follows a similar path: the budding entrepreneur comes up with an idea, makes a plan, puts it into action, gets traction, pitches to investors, and grows the business accordingly.
When they graduate, the entrepreneur may turn their business into a full-time job or may move on to the next venture.
International Student Entrepreneurs:
- Violeta Martinez - VAIZA.
- Ludwick Marishane - HeadBoy Industries.
- Axel Antonio Garcia Burgos - PRatian LLC.
- Steinar Henskes - Bird Control Group.
- Julián Ríos Cantú - Higia, Inc.
How do you introduce students to entrepreneurship?
Some students are naturally drawn to entrepreneurship and strike out on their own, while others need some experience prior to starting a business. Junior Achievement entrepreneurship programs introduce many young people to business principals and hands-on leadership.
In addition, many colleges offer entrepreneurship workshops for students.
What are some entrepreneurship ideas for middle school students?
Middle school students, unless they live in a city with available public transit, are often limited geographically by their inability to drive. That said, there are many avenues to middle school entrepreneurship, from starting a neighborhood lawn mowing service to learning code and creating their own apps.
The importance of entrepreneurship to students of all ages is that it gives them insight into how the world of business works, which they can carry as they move from school to university and out into the world.