Alexander Proud Shares 5 Tips To Become a Successful Student Entrepreneur

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PROUD GALLERY
5 Tips To Become a Successful Student
Entrepreneur by Alexander Proud
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The workload and the need to balance school and a
business can make any college student pause
their business plan. However, numerous
entrepreneurs started their businesses in
college that eventually became a success. So what
is the secret to becoming a successful student
entrepreneur without sacrificing academic
performance?
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Seek Funding Opportunities
A student entrepreneur who wants to start a
business but lacks funds should consider
applying for a grant. Unlike loans, which are
the go-to source of capital for most companies,
they require repayment in a specific period and
come with interest. Apart from grants, you can
also go for peer-to-peer lending and
crowdfunding.
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Make Use of Academic Business Incubator
The academic incubators are meant to foster
entrepreneurship exploration and connect students
with businesses collaborators. This forges a
solid connection between academia and industry
while also preparing learners for a rewarding
career. The school that offers the academic
incubator benefits by remaining relevant and
competitive.
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Use your alumni network and connect with
like-minded individuals on social media sites,
platforms such as LinkedIn, and industry
experts, including the university directory.
Build a Strong Network
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Know your competitors
To be a successful student entrepreneur, you must
know who your competitors are. The next step is
to research the companies to find out what they
offer and what you need to do to make your
business unique. With the information from
extensive research, you can find your
competitors weaknesses and create a marketing
strategy that will give your business a
competitive edge.
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Believe in Yourself

• There will be numerous challenges in both your
  academic and entrepreneurship journey. However,
  you have to trust in your abilities to make good
  decisions. Yes, the business might take longer to
  pick up than you anticipated but try not to be
  discouraged. Remember that successful student
  entrepreneurs continue to put in the work they
  plan their day with purpose, have a dedicated
  mindset, ask for help, especially in areas you
  are struggling with and strive to know your
  industry

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Thank You!