Tag Archive: Business Plan

5 Great Startup Business Ideas for College Students

Most college graduates find it hard to survive when they have to balance a low paying job, expensive college fees, and expensive living expenses.  That is if they are lucky enough to get a job at all.  College students often find it hard to get any job at all.  This is because employers know that studies are going to take a huge chunk out of the student’s life, especially when it is time for examinations.  Another big reason why so few college students aren’t able to get a job is that businesses only want to hire qualified and experienced personnel.

Starting your own business can be the only solution you have. With an own company, you can manage your studies and work times yourself, earn a much bigger income and gain valuable business management experience even though you are still a student.  Here are 5 brilliant startup ideas for college students.

5 Great Startup Business Ideas for College Students

5 Great Startup Business Ideas for College Students

Tutoring

Online tutoring can be a great way to earn an extra income on the sideline or you can even turn this into a fully operational business.  Plenty of educational websites flourish.  The sites contain sought-after online lessons that viewers can pay to see and learn from.  As a college student, you are in the perfect position to start a tutoring company because you probably know which topics students struggle with the most and you know what skill sets are high in demand.

Cleaning service

This might be a dirty job but it is a great way to earn money while you are still studying.  Start a cleaning business and start cleaning houses, apartments and more.  Cleaning businesses are relatively affordable to start up and you can expand your business quite a lot by simply employing more cleaners.

Delivery service

This is another great idea for college students.  Simply get a minivan and start making deliveries.  You can create your own company and deliver goods on behalf of students or even for local businesses.  This is an easy business to start although you will need a rather large amount of investment capital to get started.

Web design

Are you a graphic design major?  Then put your studies up to the test by starting a web design business.  Design websites and other graphics for companies and earn money on the sideline with this small digital company.

Personal trainer

Become a campus personal trainer and get a group of students to join your boot camp.  You can earn a good income by providing other students with great health and fitness advice and through your training programs and you will stay fit as well.

Get a business plan so you can get a loan

If money is already an issue then you probably don’t have the needed capital to start your own company, right? Well, the good news is that there are plenty of ways to get the business loan you need.  Use a business plan company to create a professional business plan and apply at loan firms and banks.  If your business plan is of high quality then the chances of getting your startup are pretty good even though you are a student.

7 Steps to Get a Business Loan – Even If You Are Still a Student

Just because you are young doesn’t mean you cannot start a business at all.  In fact, our modern techno world is making it easier for young adults to start own companies than ever before.  More and more students are starting very successful companies well before graduating.  Ashley Qualls, Juliath Brindak, and Sean Belink are just a few of the many youngsters that became millionaires well before reaching the age of 20.  If you are passionate about starting your own company, have a good idea and have the right skill then this is the one chance you should definitely take as soon as you can.  Here are 7 steps to get a business loan even if you are still a student.

7 Steps to Get a Business Loan – Even If You Are Still a Student

7 Steps to Get a Business Loan – Even If You Are Still a Student

Step 1

It is important to start your company even before applying for a loan.  Start building relationships and get things in order or try to run your company before you even apply.  There is nothing that convinces better than physical proof of success.

Step 2

Be sure of what type of business you want to start.  Starting a company is a big risk for you and anyone that invests in your company.  You need to be 100% committed and 100% sure that you are choosing the right type of company.

Step 3

Draw up a business plan.  Writing a business plan isn’t easy.  There are plenty of free online templates available but a tremendous amount of editing is required in order to get these free templates to suit your exact idea.  Free templates often don’t include nearly as much information as your banker or Loan Company will want to see.  The best possible thing you can do is to get a professional to write your business plan for you.  This expert will include all the critical information of your dream business as well as all the estimations, budgets and figures that are needed for a compelling business plan.

Step 4

Your business plan will give you a realistic idea of what the outcome of your company will be.  These plans are superb for identifying the exact startup capital that is needed as well as running capital requirements until your company is strong enough to carry on all on its own.  For this step, you simply need to reconsider the chances of success with regards to the accurate figures given by the plan.

Step 5

Apply for your loan at various lenders.  Banks are usually the best source of funding but they are hardly the only option you have.  Relatives and loan organizations are also a terrific source to help you fund your startup.

Step 6

Prepare your loan applications.  Most loan applications include your business plan, resume, financial projections, personal financial information and credit score and anything else that might be business related.

Step 7

Now it is time for waiting.  Most companies will get back to you within a month but you should check in each week to see if you have gotten an answer yet.