By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Start Your Business Magazine
  • Topics

    Grow, expand and leverage your business..

    Grow your start up business with our experts and industry insiders…

    Get Started

    Quick Links

    • Finance
    • Marketing
    • Technology
    • Business Books
    • Wellness
    • Interviews
    • Franchise

    Our Newsletters

    Our website stores cookies on your computer. They allow us to remember you and help personalise your experience with our site..

    Read our privacy policy for more information.
  • Trending
    TrendingShow More
    Communicate Better
    Start Your Business Start Your Business
    Majority of UK Employees Looking for a New Job
    Start Your Business Start Your Business
  • How To
    How ToShow More
    How To Start A Maintenance Business In 8 Easy Steps
    Start Your Business Start Your Business
    Tips for Running a Restaurant in the Most Efficient Way Possible
    Start Your Business Start Your Business
    Becoming self employed…
    Start Your Business Start Your Business
    Vet Start up
    Start Your Business Start Your Business
    Builder’s Growth
    Start Your Business Start Your Business
  • Agenda
    AgendaShow More
    4 Vital Safety Precautions to Take During Office Renovations
    Start Your Business Start Your Business
    Essentials You Will Need For Your Business
    Start Your Business Start Your Business
    Boost Employee Morale with these Appealing Ideas
    Start Your Business Start Your Business
    How To Save Your Business Money In Building Operations
    Start Your Business Start Your Business
    The Best Ways To Handle Customer Complaint
    Start Your Business Start Your Business
Reading: Five reasons why you should start your business at university
Connect
Start Your Business MagazineStart Your Business Magazine
Aa
  • Contact
  • Blog
Search
  • Agenda
  • Blog
  • Finance
  • Growing
  • Marketing
  • Opportunity
  • Starting Up
  • Technology
  • Wellbeing
  • Contact
Have an existing account? Sign In
Follow US
  • RSS
  • Terms And Conditions
  • Privacy Policy
  • Contact
  • Licensing
Copyright © 2014-2023 Ruby Theme Ltd. All Rights Reserved.

Five reasons why you should start your business at university

Start Your Business
agenda Business Blog
Share
5 Min Read

We all know them: Facebook, Microsoft, Snapchat, FedEx, TIME Magazine, Google, Reddit… companies that were all started from a dorm room on a university campus.

Look again, and you’ll also notice they were all started on an American university campus.

Today in Brexit-Britain, there is much talk about how the UK needs to be more globally ambitious, to re-awaken the pioneering spirit of the Victorians, and to be a future hub of tech and commerce.

While media and politicians argue about the structure of laws and regulations, the real future of our success will rely on the next generation of ideas, entrepreneurs and businesses.

Looking ahead, the scope of opportunity is enormous.

Such will be the transformation in the global economy that a 2017 Report by Dell Technologies (another company started at an American university) estimates that 85% of the jobs that will exist in 2030 haven’t even been invented yet.

If Britain is to thrive in a post-Brexit world, we need to be the birthplace of whatever revolutions there are to come. We need to harness the brainpower of our centres of learning and awaken the entrepreneurial spirit.

History has shown time and again that the real game-changing businesses have often been spawned by a spotty undergraduate. So, to that end, here are five reasons to encourage the students amongst us to launch new ventures sooner rather than later:

1. You will never have more time

University terms are short, often less than 25 weeks short – that’s less than six months, leaving a whole half-year to conceive, build and test your business idea. You’ll be lucky in a job to get even 25 days off a year, let alone 25 weeks, so it’s a golden opportunity to plan and put your business in to practice.

2. You will never have better access to cheap talent

In the real world, brainpower is a rare commodity and costs money. At university, though, it comes in abundance. People are often willing to code online platforms, design awesome logos and construct complex algorithms for little more than a few pints in the student union. These same guys will be charging big bucks in a few years to come, so make the most of them now.

3. You will never have less opportunity cost

Starting a business takes commitment and sacrifice. But the sacrifice required at university is less than it will ever be. Give the hangover a miss, skip the daytime TV, and set about making your millions. Later in life, a new business usually means leaving a job and putting your career on hold. Watching your old colleagues win promotions and pay rises when you’re struggling to get off the ground can be a testing time.

4. You might never have more money

Yes, students are poor. But they also have great access to cheap finance, and enjoy guaranteed support from the government for at least three years to help with housing and food. Of course, a student will have less income than a young professional; but they also don’t have three kids, a mortgage and a lease car. That’s a lot of money going out when you have no job. Moreover, bursaries and grants are much easier to find at universities, helping you to kick-start your venture in the most affordable way.

5. You will never have less fear

It’s practically impossible to emerge from university as a business failure. Even if your big idea doesn’t work, you now have valuable experience and many years ahead of you with the opportunity to start again. On the flip side, if your business keeps its head above water through your undergraduate years… then you’re a student super hero.

Words by Elliot Bishton, founder of the personalised gift store, Engravers Guild of London

TAGGED: header

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Start Your Business July 20, 2018
Share this Article
Twitter LinkedIn Reddit Email Copy Link
  • RSS
  • Terms And Conditions
  • Privacy Policy
  • Contact
  • Licensing

Get the latest from us delivered straight to your inbox

Start Your Business Magazine: The Ultimate Business Start Up Guide provides information advice and guidance for entrepreneurs and new business start ups. Get the latest from us delivered directly to your inbox.

Our website stores cookies on your computer. They allow us to remember you and help personalize your experience with our site..

Read our privacy policy for more information.

Copyright 2023 Gambit Interactive Media Limited – All Rights Reserved.

Manage Cookie Consent
We use technologies like cookies to store and/or access device information. We do this to improve browsing experience and to show personalized ads. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}
Join Us!

Sign up to our free newsletter and never miss a hot topic!

Zero spam, Unsubscribe at any time.
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?