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I have only one regret about college: I should have started my business earlier.

If you’re in college and want to start a business, you may be like I was and just tell yourself to wait until you graduate.

It may look like it’s easier, but trust me: there is no better time to start your business than while still in college.

Here are 5 reasons why.

1. Free Time

Ok, yes, I understand you have a full schedule of classes and lots of homework and extracurricular activities like excessive partying, but when you’re in college, you have far fewer responsibilities than when you graduate.

As such, you have the ability to control your schedule. You can move your class schedules around, or maybe even decide to take a night off from partying.

And don’t forget about your summer breaks.

Right now, you have far more free time than you’ll have again in your life.

2. Free Resources

You may not realize it, but your school’s library is a gold mind of information for an entrepreneur. Not only can you find almost every business book ever published, but you have completely free access to electronic databases that cost over $10,000 a month.

These databases give you access to information that can help you plan your business, such as industry and market research. Click here to read more »

Let’s face it – starting a business in this day and age and in this economy can be scary, even downright terrifying.  There’s so many “what ifs” to think about which seems to deter millions of people of taking the plunge.  Here is a list of the top 5 challenges and struggles I have faced, which no doubt anyone can face, while starting their own business.

My biggest challenge was Fear

Will I be able to bring in enough money each month?  How can I attract clients, and will they keep coming back?  Did I make the right decision to pursue this full-time?  Will people think I am crazy trying to start a business in this economy?  I assure you, all of these feelings are absolutely normal.  I found that in time I thrived on fear the most because I was more fearful on quitting and giving up then actually succeeding.

Determining your market and then finding your “niche.”

Finding your market is one thing, but determining your niche within that market is a little more difficult.  Clients will be scared away if your market is too broad or generalized so definitely narrow it down to a specific product or service you are offering.  Also, stake out your competition and do some real market research.  You’re probably not trying to re-create the wheel here, but check out what your competition is doing and see how you can innovate the business to make it different or better with your “stamp” of creativity on it.
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