University is the perfect time to start a business. That might sound strange to some reading this, you may be thinking “I don’t have enough time to do that, I have all this studying to do!”, and that may be the case for some. However, let’s assume we are someone who is not at university for a minute, unless you are sitting on a vast amount of savings you are willing to burn through, a lot of new businesses are going to need good time management to juggle the new business and the old income stream. University is not a full-time job, it is flexible. Work-load goes through highs and lows and for about 20 weeks a year, during holidays, it can be zero. Comparing a student to someone who has a full-time job, you may have a lot more time than you think.
University is the perfect time to start a business because of the very nature of universities being a giant network of intelligent and diverse minds. If you are a programmer looking to develop an app which involves translation, there are hundreds of language students and tens of academics who are experts in their field. This kind of network is very difficult to create once leaving university, short of posting online and hiring someone. The chances are that if you have already gone into a career, you will be surrounded by somewhat similar individuals. An engineer at an engineering company is not likely to find a biomedical researcher who they can sit down with and speak to the very same day. Having a vast network can enable your idea to become reality a lot quicker, saving you time.
Did you start a business whilst at university, how did it go and do you agree that university is the perfect time to start a business?
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