How to raise money for your startup
If you’re looking to start your own startup, there are plenty of resources out there that will help you find your way.
The best part?
You don’t need to be a student.
You can also do it as a student who is working towards a degree in entrepreneurship.
Here are a few tips to get you started: 1.
Find out what you want to do with your time.
“There are so many different ways to earn money,” says Alex Wills, an associate professor at the University of Michigan’s business school.
“You could start a company, build a website, or you could start your very own business.”
You can even start a business from home, or in a dorm room.
Know your skills.
“The best thing about being a student is that you have a lot of skill sets to build on,” Wills says.
For instance, “a student who’s just getting into business, and they don’t know anything about business, they have a big gap,” he says.
“So the biggest thing is to have a solid understanding of business.
So it’s about having a solid knowledge of the business, but having a little bit of an idea of what you’re going to be doing with that.”
Wills adds, “You can learn a lot about your field of work through your internship.”
“I think it’s so important that you take classes to build the skills you need to make it in the world of entrepreneurship,” says Wills.
“If you don’t take classes, you’re not going to get the job done.”
If you can’t find classes to learn from, Wills recommends taking classes in person, and not just on the internet.
“Just take classes with a real teacher, not just someone that says, ‘Let’s just go on the Internet,'” Wills advises.
“Then you’ll have a better understanding of what the material is like and what the problems are, and then you’ll know what the answers are.”
Don’t be afraid to try.
“It’s important to take risks,” Wicks says.
Wills cites a recent example from his own business, which he built to give students who are struggling with their financial situation the opportunity to succeed.
“They went out to college and applied to all the job openings that they were looking at, but they never applied to any of the job offers that were available to them,” he explains.
“And then when they went out, they didn’t have the skills to get that job, and that was a huge, huge failure.”
Take advantage of your mentor network.
“A lot of people just don’t do that,” Wams says.
So, “the thing about working with someone like me, who has been through so much, is that I think it helps if you have mentors around you,” Wamps adds.
“Because if you don, you’ll just be doing it on your own, and you’ll be on your back.”
Willing encourages students to meet with a mentor in their area, or even online.
“My mentor network is really important,” he advises.
“[The mentors] are really helpful because they can point you in the right direction.”
Wamps recommends taking a class or two in entrepreneurship, or getting a college-level class on your first year of college.
“That’s one of the things that really helps you when you’re trying to figure out what your career path is,” Wasts says.
Start your own business.
Willing also advises starting your own company to find the right place to build it.
“One of the most important things to understand when you start a startup is that your startup is going to depend on what you are,” Willing says.
You’ll have to pay off debt, raise capital, and eventually be able to make money, but it’s going to take a lot to actually start your business.
“Your first business, if you do it right, you can make $10 million in a year,” Wells says.
Don’s advice to the next generation of entrepreneurs: “If your parents are working, if your dad is a bartender, or if your mom is a nurse, they probably have a pretty good idea of how to make things work.
But don’t be like, ‘Oh, I’m a college dropout, so I don’t have any experience.'”
Instead, Wells advises working on your passion, and learning from people like you.
“When you start your startup, you are going to have to do some tough decisions,” Will says.
Wills says it’s a “win-win” situation: “It gives you a chance to build a career and start your company, but at the same