5 tips for Student Entrepreneurs

For any student entrepreneur, things can possibly get quite complicated and confusing at times. You might have created the perfect scenario in your head: the idea of your new business, your plans, and who you want to have in the team, but what now?

Being successful often requires having to look up to other entrepreneurs who have worked their way to success: listen, learn and plan your way up. Having a personal business guru would have made everything simpler, but not everyone is fortunate enough to have one.

So, until you find your guru, here are a few tips to get started with!

Find your motivation

Even the best of people struggle with motivation, especially when they are new to something, or have gone through a recent failure. But a common trait of successful people is that no matter what’s going on within them or around them, they can still find the motivation to push themselves.

An easy way to motivate yourself is to be positive all the time. Research has shown that happiness actually increases productivity and can help you become more successful. Even in the army recruits are taught to be optimistic in order to make them mentally stronger.

Surround yourself with like minded people

Science has shown that the company you keep also has a big influence over how you feel, think, and behave!

Yes your own intelligence, hard work, and plans do play some role as to how successful you will be in your business, but when we compare it with the impact of your circle of friends have on shaping your actions and views, and lifting you higher, it doesn’t compare.

To really be successful with your business venture, surround yourself with like-minded people who will really understand you, your work and encourage you to take the right actions!

Don’t be afraid to fail

You may fail. Or you may not. That is a part of the journey you have set your foot on.

You could fail at one point, and instead of feeling like the sky is falling and the world is crumbling, learn from your failures and accept it as a part of your growth.

The fact is that failure is often a part of success, and very rarely does someone succeed on the first try. The thing that separates the winners from the losers is that winners take each failure in stride and use the lessons they learnt to do better the next time.

Winston Churchill once said, “Success consists of going from failure to failure without loss of enthusiasm.”

Listen, read, and learn everyday

While you may already have many things on your mind – your new business, getting your degree, that nice jacket you saw at the mall the other day, and so on – it’s absolutely important that you keep learning everyday.

We know it is hard and you can get anxious, but it’s truly exciting to learn new things.

Entrepreneurship is mostly about solving problems, and learning on the go. Dedicate a little time everyday for reading blogs, newspapers, magazines and books, even those unrelated to your business.

Not sure where to start? Check out this list of books all professionals should read before turning 30.

Build relationship & networks

As an entrepreneur it’s a good habit to talk to people at gatherings or business functions and try to build a good relationship with everyone (as far as possible).

People like to do business with people they like, and you never know whose help you might need with your business tomorrow or in the near future.

One of the best ways to network is to visit various seminars and workshops. This allows you to meet people from different walks of life, be it the participants or the ones conducting the event.

Go meet people and genuinely talk to them about your ideas, and most importantly, have fun!

As the saying goes, a little friendship goes a long way.

Hard work & perseverance

Life isn’t easy, and juggling studies while running a business doesn’t make it any easier.

Nonetheless great things come from hard work and perseverance, so study hard, work hard, and eventually you too will succeed, or at least have the tools you need to succeed later.