How To Run An Online Startup When You’re At College

If you look at the most successful modern companies, you will see that all of them were created by students. Facebook, Google, Dropbox, Snapchat, or PayPal and even Apple and Microsoft started in universities. Every tech student dreams of becoming the new Steve Jobs and conquering the world.

But that’s where several questions arise. How to go against the statistics that say that the majority of startups close after a year? What are those steps that you need to make to turn a beautiful idea into a successful business?

If you’re swamped with homework, then maybe it’s time to get help? Use the professional writing service EssayPro to get your academic assignments done. Meanwhile, you can take some time to go deeper into the process of launching your first business at college.

The 7 Step Guide To Running An Online Startup At College

1. Come Up With A Brilliant Idea

If you don’t have a startup idea yet, begin with making a list of things you do the best or activities you enjoy. Think about the knowledge and skills that you can potentially monetize. To shed some light on your future business, ask yourself the following questions:

  • Do I want to change my field of activity or continue developing the business in my current area?
  • Do I have a hobby that can be turned into a way of living?
  • Do I already have enough knowledge or do I need additional training?

Note that the only way to ensure success is an idea that keeps up with the needs of your potential customers. Take your time, don’t rush it. Think, dream, and you will come up with something great.

2. Analyze The Market & Select A Niche

Before launching your online startup, make sure that you have a good understanding of the market. Explore the current trends, conditions, and the latest news. For example, Uber appeared during the economic downturn, when people needed additional income.

To explore the market, you can analyze the number of results for your keywords in Google, Yahoo, etc. Study the public opinion on social networks or forums.

Besides, you need to understand your target audience. Define what benefits you can promise, what do your customers want and what problems they are experiencing. Talk to strangers, family members, friends and find out if they would purchase your product or service.

3. Study Your Competitors

To compete in a market that is already crowded, it is important to know your product’s direct and indirect competitors. This will let you understand how to position your brand to stand out and succeed.

You can analyze your competitors by defining a list of basic criteria.

  • Who are their clients? How do they approach them?
  • What technologies and approaches do they use?
  • How much do they spend on marketing?

Note that communicating with customers is one of the best (and cheapest) ways to collect real information about competitors.

4. Create A Business Plan

A business plan is a step-by-step guide to your startup. It describes the product, unique selling proposition, competitors, goals, financial calculations, and marketing strategy.

Tip! Do not try to create an ideal business plan five years ahead. A common mistake for beginners is to get carried away with planning and never getting started. Think only about the details that you will need at the first stages: seed capital, ways of promotion, how and when you plan to make a profit.

5. Surround Yourself With Professionals

A strong team is one of the winning factors of startup success. You can’t do all the tasks on your own. For example, when launching Apple, Steve Jobs was responsible for the promotion and Steve Wozniak tackled the technical part.

Here’s a short guide to finding team members:

  • Take a closer look at your social circle: relatives and friends;
  • Ask for recommendations;
  • Publish the job offer on employment websites or special groups on social networks

6. Launch Ads & Search For Customers

How to launch a business? Talk about yourself and attract customers. Although your resources may be very limited, there are free and effective methods of advertising, for example, word of mouth. Among the other ways are:

  • Social networks;
  • A website or blog;
  • Guest articles in blogs and media;
  • Attending thematic events, meeting potential partners and clients.

7. Analyze The Results

After a while, you’ll need to revise the business plan, sum up the interim results, and define new goals.

  • Analyze the errors: Think about what you didn’t take into account in the first stages and how to fix it;
  • Mark your achievements;
  • Increase your team: Hire new employees and delegate tasks;
  • Check for changes: Ask how your competitors are doing and whether other startups have appeared in your niche.

Conclusion

We do not guarantee that this guide will fully help turn your online startup into a successful business. Yet, it will be useful to avoid some obstacles and overcome self-doubt.

Experiment, get bumps, stay true to yourself, and try to get feedback. Young startuppers are very active people, they are literally obsessed with the idea, but try to keep a cool mind and soberly assess your strength, and you will definitely reach the goal.

 

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StartUs Magazine

Sorry, Not Interested… (Plus You’re Boring)

Jeff sees your link… He's intrigued… He clicks it.

Your beautifully designed site opens up.

"I like the colours!" Jeff thinks to himself.

5 SECONDS LEFT

Jeff looks at the tagline on your site and is confused…

"I don't get it." he thinks.

4 SECONDS LEFT

Jeff glances the description of your product when his inner voice says…

"Huh… I kinda get it? I think?"

3 SECONDS LEFT

Jeff scrolls down to the images of your product.

He's got an icy, blank stare on his face… Almost as if he's growing tired and bored.

2 SECONDS LEFT

As Jeff scrolls down your page…

His face is definitely starting to SCREAM "I'm Bored."

1 SECOND LEFT

Jeff's right eyebrow flinches up and down, unconsciously.

He kind of gets your product… At least, the features of it…

But he thinks "Eh, is this really useful for me? Do I want to pay for this?"

0 SECONDS LEFT

Before Jeff figures out if your product is right for him or not…

He has an AMAZINGLY exciting epiphany.

"I wonder if my favourite YouTuber has uploaded a new video?"

And as he closes the tab with your site on it, with ZERO remorse…

He thinks "Sorry, not interested… (Plus you're boring)"

And just like that…

Another potential customer of yours goes away.


All that preparation you did…

Weeks… If not MONTHS of trying to get your landing page looking PERFECT…

And Jeff (our typical human being) gives you JUST 5 seconds of his day to impress him.

After that 5 seconds, if you don't do it…

He's GONE.

5 seconds and Jeff went from potential customer – to "Sorry, NOT interested.".

You might have seen the study a few years ago that mentioned the average attention span of humans has reduced to less than the attention span of a GOLDFISH…

So what is an entrepreneur to do?

Should we give up?

Should we flush our dreams down the toilet?

Should we pack it up and head to the nearest office job?

How can we make sure the people that land on our website will convert into loyal customers – as often as possible?

(Whether its Jeff… Lucy… Samuel… Stacy… Steve (and on and on…)

There's actually a REALLY simple method to it.

(And you DON'T need to be a Copywriting expert or anything)

Here's how…


You see, when Jeff lands on your page…

There's only ONE subconscious question on his mind.

"How will this help me LEVEL UP?"

That's it.

And it's not just Jeff… It's ALL humans.

Me… You… Your family… Your friends…

Whenever we see a product, this is the only question at the front of our minds…

"How will this help me LEVEL UP?"

But we often default to this following mistake when we try to sell our product…

We tell the customer what our product does.

Which is a BIG mistake.

What we should do instead is this…

Tell the customer how they will LEVEL UP with your product.

Our job as entrepreneurs is to tell them that. Over and over again.

It's the old "Sell me this pencil" example that sales people love using.

Don't tell them:

"This pencil lets you make notes on paper! You can also rub out the lines with an eraser, because it's made of graphite. It also is long lasting, so you don't need to worry about buying another pencil for a long time!"

Instead, tell them:

"This is the pencil you'll use to write the business plan you've been meaning to! And if it succeeds, this business will take you further than you EVER imagined. More money than you know WHAT to do with! Schmoozing with elites at fancy exclusive parties! NEVER having to worry about another bill payment! And it all starts HERE today… With this single pencil. This single pencil will get you the life you DESERVE… The life you were DESTINED to live."

Here's another quick example, with an imaginary product…

Say this product is an analytics platform tailored for content creators.

Don't tell them about all the various numbers they can track and whatnot (at least not in the beginning).

Tell them how this product will get them THOUSANDS of new subscribers every week… And how they can make SO much more MONEY through big brands wanting to work with them… And yada, yada, yada.

You get it, I'm sure.

Now after the big pitch telling them how they will LEVEL UP with your product…

Of course, you need to get show the features of your product.

But always… ALWAYS…

Lead with telling the customer…

How THEY will LEVEL UP with your product.

If every single line of your initial pitch should addresses that question…

I assure you, you'll have a MUCH easier time selling.

Cheers, Bezan


P.S. Here's the original post from my free newsletter which is about methods to LEVEL UP your entrepreneurial skills BEYOND your WILDEST dreams!

See what I did there ;)?

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Here are the 12 things you need when you’re pitching to investors, according to Stone & Chalk’s new capital raising guide – Yahoo Finance Australia

Here are the 12 things you need when you’re pitching to investors, according to Stone & Chalk’s new capital raising guide  Yahoo Finance Australia
“startups when:1d” – Google News

Garyvee says,”I took grinding to an extreme level. It gets painful. I dont recommend anyone to take to such an extreme”. How do you know if you’re fit for entrepreneurship or not ?

How do know that you really want to start a company ? Do you really want to solve a problem or being an entrepreneur is just cool for you ? Do you fear losing your "life" and missing out on things, to get a company running ? I feel very confused and have no answer.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

How would you build an audience for a product which will give you the top 10 People, Companies, and Location every day in any industry or field you’re interested in?

We built a product for a B2B use-case but then realized there's a potential opportunity in going B2C too.

For example, if you're interested in getting daily notifications for the top people, companies, or locations for "bitcoin" for the last week, you can get that. We will fetch all news articles on the internet which are related to "Bitcoin" for the past week, and extract the most interesting people, companies, and locations from that along with the news, and we can do that for any keyword and any keyword and industry on the internet.

I was thinking maybe setting up a weekly newsletter with the top 10s for some selected keywords like "bitcoin", "COVID-19", "twitch" and stuff like that, and the user could come and subscribe to top 10s for Bitcoin weekly. Would it work? I'm open to all kinds of ideas. Thanks. 🙂

Crossposted from r/entrepreneur

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Startups – Rapid Growth and Innovation is in Our Very Nature!

You’re tired of working from home? Here are 100+ of Europe’s coolest co-working spaces

The lockdown is over and safety measures are softening pretty much everywhere across Europe. If you’ve had enough “work from home” glory but want to avoid the risk of signing up for a long-term office rent, a good solution (especially for freelancers and small startup teams) are coworking spaces.

Coworkings are already implementing ‘new normal’ safety measures, like more spaced-out desks, temperature checks, daily disinfection of common areas, and more. In addition, coworkings offer something that you just can’t get from working at home – making new spontaneous and incidental connections. We recently interviewed David Dattoli, CEO and founder of Talent Garden, a huge European network of 4500+ people in 28 locations over 8 countries, who told us that he believes coworkings will only continue to grow for this reason.

So without further ado, here are a selection of our top 10 coworking lists for many cool startup hubs across Europe.

Spain

The Spanish startup ecosystem is scaling-up steadily, with more and more succesful startups coming from hubs like Madrid, Barcelona and Malaga, offering entrepreneurs both a good quality of life and a number of support programmes.

Barcelona’s coolest coworking spaces to check out in 2020

The 5 coolest coworking spaces in Málaga

Overview of the best coworking spaces in Madrid

France

France is home to Europe’s largest coworking and startup hub, StationF, in Paris. In addition, there are many startup coworkings fueled by the country’s ambition to be the European entrepreneurial capital.

Overview: 10 of the best co-working spaces in Marseille

Overview of the 10 best coworking spaces in Lyon

The Netherlands

Known for its open culture, driven work ethic and the fastest broadband speed in Europe, the Netherlands is a haven for startups.

Overview of the 10 best co-working spaces in Amsterdam

The 10 coolest coworking spaces in Rotterdam

Germany

Berlin is well-known as a forward-thinking tech hub, with coworkings situated in repurposed factories, manufacturing warehouses and old hospitals. But the capital is not the only place to start up – cities like Munich and Hamburg have strong economies and active entrepreneurial scenes.

Overview of the 10 best co-working spaces in Hamburg

Overview of the 10 best co-working spaces in Munich

Italy

Italy was hard-hit by the pandemic, but the startup community is getting back on its feet. We’re currently researching  the state of recovery in South Italy, and interviewing startup players from the area, so keep an eye out for that.

Overview: 10 of the best co-working spaces in Rome

The 10 coolest coworking spaces in Turin

Luxembourg

Luxembourg is one of Europe’s smallest countries, known for its beautiful forests and castles, and its high standard of living. It’s startup ecosystem is also growing richer, with one of the highest investment levels in startups per GDP in Europe.

The 10 coolest coworking spaces in Luxembourg

The UK

Although the UK is technically outside of the EU, it’s still geographically in Europe, and from our recent survey the EU-Startups readers voted to keep reporting on the startup scene there. London is the obvious hub for startup activity, but there are many other cities with exciting entrepreneurial innovation, like Edinburgh.

Overview of the 10 best co-working spaces in Manchester

The 10 best coworking spaces in Edinburgh

The 10 best co-working spaces in Birmingham

Ireland

The birthplace of Web Summit, Ireland is a hotbed of tech innovation. Despite a rainy climate, Ireland offers a great quality of lfe for tech entrepreneurs, as cities is surrounded by green hills, beautiful countryside and coastal views, not to mention their great nightlife

Overview of the 10 best co-working spaces in Dublin

Poland

In the last 5 years, the number of startups in Poland has doubled, with most being centered in the areas of Warsaw, Wrocław, Kraków, Lublin and Tri-City.

Overview of the best coworking spaces in Warsaw

The 10 coolest coworking spaces in Krakow

Slovakia

Slovakia, the small country in Eastern Europe, might have been overlooked by investors in the tech industry in the past, but you will be surprised about the exciting startups that have been founded there.

The 10 best coworking spaces in Bratislava

Austria

In Austria, technology and science research is incentivized not only by the Austrian government and universities, but also within the private sector.

Overview of the best coworking spaces in Vienna

Sweden

Stockholm is now known as Europe’s “unicorn factory” – with more unicorns per capita than any city in the world next to Silicon Valley.

Overview of the 10 best co-working spaces in Stockholm

Czech Republic

The Czech Republic is known for its solid infrastructure, a highly educated and skilled workforce, and relatively low living costs and wages.

Overview of the best coworking spaces in Prague

Hungary

Nowadays, Hungary is on the rise and its capital, Budapest has become a vibrant startup hub with huge appeal for tech entrepreneurs.

Overview of 10 state-of-the-art co-working spaces in Zurich

Greece

Greece is well known for its royal blue skies, white-painted hill-top towns, crystal waters, traditional gastronomy and rich history, but that’s not all it has to offer.

Overview of the best coworking spaces in Athens

Portugal

Portugal offers great quality of life, is considered a gem for food lovers and is one of the safest countries in the world according to the Global Peace Index.

Overview of the 10 best co-working spaces in Lisbon

Overview of the 10 best co-working spaces in Porto

Finland

Finland is strong n the gaming, electronics, software, cleantech, biotech and health industries.

Overview of the 10 best co-working spaces in Helsinki

Denmark

Denmark is known for its high quality of life. It’s consistently ranked the world’s happiest country, with twice as many bicycles as cars.

Overview of the 10 best co-working spaces in Copenhagen

The Baltic States

Lithuania’s startup visa initiative, Estonia’s e-residency system and Latvia’s Techchill are just some of the initiatives that position the region as a space to watch.

Overview of the 10 best co-working spaces in Tallinn

Overview of the 10 best co-working spaces in Vilnius

Belgium

Belgium may not produce as many startups or raise as much money as its German and French neighbours, but the country is the heart of the EU and has a tremendous impact on tech and various funding initiatives.

Overview of the 10 best co-working spaces in Brussels

 Croatia

Since joining the EU in 2013, the country’s startup scene has begun to take off with innovation in several sectors including travel, media, foodtech, and robotics.

Overview of the 10 best co-working spaces in Zagreb

EU-Startups