Got an idea? Top tips on becoming a studentpreneur
12th November 2014
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Entrepreneurship is at an all-time high among students and graduates, many of whom are vying for the next Mark Zuckerberg success story. A recent report by The Prince’s Trust and The Royal Bank of Scotland Group revealed that 25% of young people are increasingly thinking of starting up their own business, which supports the growing number of those doing just that – 71,000 additional people since the start of the recession! Starting up a business doesn’t have to be complicated or time-consuming, thanks to the plethora of services now at your fingertips. If you’ve got some spare time, we’ll show you how you can use it more productively. Business advice and funding If you’ve been sitting on a brilliant business idea that you think has real potential, do turn to family and friends first to garner some honest advice and constructive criticism. They’re likely to be the most forthcoming and could uncover something you didn’t realise could benefit your business greatly. Make use of your university’s careers advisor too; they might be able to provide further guidance on where you can go for specialist advice. If you need a bit of money to get your business going you can turn to the public for funding through popular crowdfunding websites like Kickstarter and Crowdcube. Try not to delve into your student loan though – save that for your studies! Branding your business You probably have a few ideas for the name of your business but to protect yourself from potential name infringement issues, do enter prospective names through Companies House first. It takesjust a few seconds to find out whether the name has already been taken so this should help narrow them down if you’re having trouble shortlisting favourites. Next, set up your social media accounts. Depending on the nature of your business, two or three accounts may be enough with Facebook and Twitter being a given. LinkedIn is great for networking too so do keep this account updated.
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