Three Suggestions For College Students' Entrepreneurship

College Students' entrepreneurship has long been not limited to traditional projects.

On the contrary, many college students are using high technology to start their own business in dormitories.

For example, open shop, develop software, build a convenient website.

Many college students usually start their business near graduation.

The successful college students gave the following suggestions:

Working out business plan

Business plan is the roadmap to follow in the whole business process.

First of all, you have to identify a series of problems.

For example, what kind of services or products should be provided?

What is the cost of production?

What is the price of the product in order to earn profits?

How long is the processing time?

Even if the business to start is not large or limited to campus, you have to figure out how to pay for start-up costs, including advertising, marketing and basic production cost.

You also need to ask yourself if you have enough time to start your own business.

And the purpose of entrepreneurship is to earn zero money or to accumulate capital to create bigger businesses.

Make full use of campus resources

Even if you do not win the support of the competition, you still have the opportunity to find ways to make use of all the resources available in schools to help you achieve success, such as using school studios or alumni contact for guidance and financial assistance.

Second, we can win capital and entrepreneurial guidance through entrepreneurial competitions.

Nowadays, many colleges and universities have entrepreneurial studios and entrepreneurial bases. The use of such campus resources can not only get teachers' guidance, but also get financial support.

Recently, the business team of Guangzhou business students reported that it is the best example to win 3 million venture capital by participating in entrepreneurial competitions.

There are also some offices and alumni resources available in universities.

Many schools are willing to provide registration sites and alumni lists for successful entrepreneurship. They can seek their advice, get financial help and advice, and even some alumni are willing to start business with them.

Use technology to reduce costs

A lot of college students involve in the IT industry, but the biggest difficulty in starting a business in a dormitory is capital.

Because of the rapid development of science and technology, it is probably a good solution to take advantage of the hi-tech means that have already been developed and even not yet used by the enterprises to reduce costs.

In the US, some pharmaceutical start-ups can use computer algorithms to help test compounds, thus saving investment in construction laboratories.

If a few years ago, the cost saving method could not be realized at all.