We know that University can be amazing experience, and a must have for people wanting to get into professional careers such as law or medicine, but you may be worried about walking away with large student loans to pay back and having no more of an idea of what you want to do with your life.
So, should you be thinking about starting your own business instead?
Your own boss
Starting a business can be a serious option, especially if there are limited job opportunities to kick start your career. Even if you don’t become a multi-millionaire within the first 6 months you will gain lots of relevant business experience for the future.
So here are our top tips.
You should start with fresh ideas, new perspectives and enthusiasm. Try lots of new things and don’t be afraid to experiment and get things wrong. You can learn more from your mistakes than your successes.
You should be passionate about what you do, if you aren’t then no one else will be! Your enthusiasm and determination for your business idea will show and make people take interest.
Think about who your audience is, who are you aiming your product or service at and what will encourage them to buy it? Take a look at other companies in your market and learn from them.
Designing, selling and marketing might seem like the more glamorous side to running your business but it is the figures that make money. Make sure you work out your costs to help you identify your price point.
It is tempting to just use social media as it is quick and free but it is not the be all and end all. Think beyond online – what about marketing in the real world? Local press are always interested in stories about young entrepreneurs.
Test your concept on your friends and people who will give you honest feedback. You might want to structure this as an interview; asking what features did people like and how can you development or improvement.
Develop a thick skin, you will need to cope with the doubters and knock backs. Be careful of people who only see the positive (your mum for example!) and of the very negative “that will never work” types. Try not to take it to heart, look at it as an opportunity to prove them wrong.
Take advantage of opportunities when they arise, don’t wait or they may be gone. When opportunities come along, understand the risk – what is the worst that can happen? If it goes wrong, then it will make a brilliant chapter in your autobiography.
Focus on your strengths and surround yourself with people who can help with the things that you are not so good at. You don’t have to do this all on your own – no business works like that. People are often willing to help so accept their generosity and use it where you can.
Get yourself a mentor, they can guide you and help give your business a successful start. You need someone who can be objective and share their experience so you don’t fall into obvious pitfalls. We are not born knowing and you can’t learn everything from Google – honest!
Sign up to the Growth Hub today and get some GAS! There is plenty of support out there to get you going with your business idea and we can help you on the road to success.
So if you are in two minds about what to do next and think that becoming self employed might be for you, then your first stop should be the Growth Hub!