Best Business Ideas for University Students

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As a university student, things can be tight. Money can be in short supply and as well as studying you will also want to finance a thriving social life. This does not come cheap. While for many, this may cause them to get a part-time position to earn that few extra bucks, for other, more enterprise minded students the result will be their own business. This is great, but with so many pitfalls out there and not much in the way of start-up capital, the question becomes, what is the best business to start for a young university student. Here we hope to provide some options in answering that very question.

Freelance Working

This is somewhat of a compromise between your own business and working for others. The perfect thing about freelance working for university students is that, not only are you growing your skills in whichever area you choose and increasing your portfolio which could be very helpful in the long run, but also you have the ability to work on a flexible basis. This is fantastic, meaning you do not have to interrupt your studies and can fit around your own schedule. The earning potential and almost zero startup cost make this an even better option for students.  Have a look at sites like freelancer.com and Upwork to get started.

E-Commerce Business

Another great option for young students is to get started on their online selling empire. This again offers a relatively low risk path to making some extra money and has financed many university tuitions and in lots of cases even thrived beyond that. As a university student, you are also perfectly positioned to see the trends of the youth market. A key business demographic and meet their demands. Platforms such as Ebay, Amazon or Etsy for the more creative at heart offer a fantastic starting point for any budding online entrepreneur.

Design and Creation

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This may be a bit more of a niche market in terms of university students, but if you see a gap in the market that your creative mind can fill, go for it. In today’s digital age, there are many opportunities to produce your own product or smartphone applications which can fantastically meet a need and become a huge success. This is exemplified by a huge number of companies past and present. From Apple to “Clocky” the runaway alarm clock designed from a dorm room to become a smash hit, the world is waiting if you have an awesome idea, don’t be afraid to put it in to action.

Conclusion

Regardless of your background or skill set, as a student, the opportunities are out there for you to make a buck from your own business in a way that is suitable to you. You may be surprised that by following our suggestions, the business you start to get through college and finance the next keg-party, could turn into your full-time career someday.

Do you really need a University Degree?

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These days, let’s face it, the world and its mother has a university degree. A bachelors at least. With the job market in many parts of the world either stagnant or hyper competitive, this often leaves many of the current generation questioning the value of their time spent at university.

Increasingly so, it seems that we require a minimum of some years of experience or a master’s degree, requiring yet more study. That’s just to get started, but if we continue on the current trend of education, what happens when everybody possesses a master’s degree and no specifically practical workplace skills?- With that question in mind, we examine if it is really necessary to have a degree to progress your career.

Practical Skills vs Book Knowledge

This is an age old question really. In every industry there are often two main types of individual. Those who have a world of knowledge about the industry and the practical skills to match it or those who have been educated to a really high level in the area but are yet to gain any hands on experience.

In years gone by, it is quite likely that preference would be given to those who displayed a great natural aptitude for the task and a passion to work, whilst somewhat overlooking the need for qualifications on paper. Nowadays however, much to the frustration of many who are passionate about an area, paper qualifications are a must. While this does result in some fantastic candidates being overlooked, it generally results in a higher standard and better regulation within industries.

Practical Career Prospects

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In terms of being an entrepreneur and starting your own company, it is very feasible that you can do so without a vast university education. Just look at the likes of Steve Jobs whom it is fair to say, started Apple with not the greatest love for higher level education. For the most part, business success comes from an innate passion and determination combined with a set of unique characteristics which often cannot be garnered from any textbook or if so would be criticized as the path not to follow by most.

Outside of enterprise, there are many fantastic careers which exist in many sectors of construction, electrical, waterworks, carpentry to name but a few which highly value practical skills above educational knowledge. These practical careers are also something to be proud of.

Conclusion

It is quite clear from a human perspective that different people possess vastly different talents. The famous quote of “If you judge a fish on its ability to climb a tree, it will live its whole life believing it is stupid” comes to mind.

In many cases, we cannot just shepherd people into specific boxes. Everybody possesses a unique set of skills. In the case of competitiveness, it is highly likely that the job market in future will become increasing saturated with highly educated jobseekers, again in that sense it important to follow you instinct and not the will of society.