Student Guide: How To Start A Business

Student Guide: How To Start A Business

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Hello, students! In this article, PaperCheap.co.uk writers would like to speak about how to start a business when you are a student. Probably every young student thought about opening a business at least once, and it is quite a perspective opportunity. People around you have money. It’s a fact. But how to turn the money of other people into your money and then to live as you want? Let’s talk about the system.

How Can a Student Open a Business?

One can think and speak about problems appearing before young student entrepreneurs for long. But that’s not a productive discussion. If someone would be telling you about troubles you will face obligatory with all the details, and you probably won’t even think about opening any company. 

Still, it is not worth to start a company when you don’t have at least some basic knowledge and experience. Of course, things are individual here. If you are a born commerce genius, nothing can prevent you from creating a company and starting to “pump money.” How to know if you can make deals beforehand? There is only one way to find out. Test yourself in practice. 

The most common and simple way to commit a self-test is to buy something cheap and then to sell it at a higher price. Someone might say it’s nothing but speculation. But the secret is that almost everyone does it. Karl Marx himself wrote about the “added value” long ago, and the definition is still relevant. 

That “added value” (income, profit, etc.) is what the business exists for. Any business is a system to make profits. So, test yourself. Can you sell something to people at a higher price than you bought it?

If you are serious and sure you can solve problems, you should go on reading this text about students and their business. In case you aren’t confident enough, you probably shouldn’t waste your time. 

Student Business to Start: a Myth or Reality? 

If you made it to this sentence, you obviously decided to devote yourself to your calling, your company. Well, that’s cool. But don’t you feel lots of doubts? Aren’t there any questions about how a student can open a business?

Such questions are normal. Humans naturally doubt when thinking to start something new and unknown for them. In your opinion, what is the main problem of beginning entrepreneurs? No knowledge? No start capital? No connections?

Wrong! The main trouble for students who want to start their business is fear

“What if I won’t make it?”

“What if I’m stupid?”

“What if someone would kill my company at once?” 

Such thoughts are frequent companions of beginning entrepreneurs, and students starting their business aren’t exceptions here. As it was mentioned above, it’s a normal reaction to something unknown.

But when you are afraid too much to start a business as a student, you risk beginning to “hurt” your mind with completely pointless doubts. It is not a productive way. It’s a harmful one.  

So, here is the first tip for students planning to start a business. 

Think less. Do more.

“Well, it’s easy to say and hard to do” – you might say. Maybe, you are right. But keep in mind that nobody would do anything instead of you. So, it’s your call whether you think or not. 

Well, it seems that the article won’t be completed without describing troubles. Let’s make a short trip through the most popular “problems” for student businesses. In fact, they all are myths. Despite that, they got into the minds of many people deeply.

Myths on Business for Students 

Myth 1: I Need a Huge Capital to Start

Maybe you need it if you decide to start a shop at once. Are you sure you will be able to manage it without knowledge and experience? That’s doubtful. 

It may be enough to have $10 to begin. No jokes! But it is not recommended to start a business from “zero.” Save at least $500-1000 and then start with a “buy-sell” scheme. It’s the simplest plan. And it will let you earn your first money to invest in something more serious. 

Where to get money for the first deals? There are many ways. The simplest one is to earn them. It’s not an amount you might worry about. Don’t regret if you won’t make it with a small project later. Experience is worth much more than several hundred dollars. 

After closing some deals with profits, you’ll have an excellent small capital to develop your project. So, here is another tip. Act in niches with maximum gains. You can resell cigarettes with the $2 income or PC parts with the $50 income. 

Keep in mind that there is no real difference in what to trade with. Plants, real estate objects and cigarette packs are sold with nearly the same scheme.

Additionally, there is the whole world for you nowadays. Does someone prevent you from opening your online store? Here you can avoid making investments at all if you know what dropshipping is, for instance. 

The Internet can provide you with a lot of information on all the aspects of online store management. You only need to set the goal and make it through to the result. And of course, work, work and work. 

Myth 2: Don’t Go There, It’s Dangerous Even to Start 

Sounds familiar, doesn’t it? Tell some friends about your plans to start a company, and at least one person will tell that it’s dangerous for your life. It’s your call. But still, you shouldn’t worry too much. Nobody needs your small company, even bandits and thieves. Nowadays, there are many more profitable targets for them than a student trying to earn some funds. 

Just do your business and be happy. Fear no one. Don’t forget that the fear is something you get while living. Newborn babies aren’t afraid of anything. 

So, think if your anxiety and fears are reasonable. People frequently create fake concerns to justify their laziness and slow progress. Being too slow means death for any entrepreneurship. 

Myth 3: There’s Nothing More to Invent and Start Selling

If you think all niches are already occupied, good job. Go on thinking. But you are a wrong student. That’s not going to happen ever. Otherwise, the world will disappear. 

Everything is changing with a speed one can’t even imagine. So, if you don’t know which idea you should develop, try choosing something time-tested to begin. 

When not having the experience, don’t try reinventing the wheel at once. Start doing what others do already. It will help you get clients. As a result, your profits will be stable. 

After you gained specific business experience (and it is perfect if it would be negative), try going in for something new. Create something nobody ever presented.

What if you’ll make it? Don’t forget that pioneers get the most profits. But first, start your student business using tested schemes. Everything comes with time. 

Act quickly. Don’t let your time pass by. 

To Conclude

In this article, we told about how the student can start business. If you expected to find a “step-by-step instruction for becoming a millionaire,” we’re sorry. The post was not about it, because every student should find out how the very beginning looks like first of all. 

There is no point to “load” you with “step-by-step guides.” Nobody would follow them. Those who would follow, they did it already. They don’t need articles of this kind.

Always start with smaller things. 

After you make it through smaller student business, significant achievements will come. You won’t even notice the change.

And let this article be the beginning of your big way of a successful student entrepreneurship.