Student Entrepreneur? Check Out These Business Opportunities

What do Mark Zuckerberg, Michael Dell, and Larry Page all have in common? Yes they are certainly all billionaires. But more importantly they all started building their businesses from their dorm room.

If you’re a student looking to launch their first business, you came to the right place.

This is probably the most obvious choice. Except the service i’m going to describe is probably not what you’re thinking. Traditionally this would be you spending the time tutoring other students for money. This involves a simple interaction of trading time for money. If this is the case, you might as well go get that job at Starbucks down the street. Entrepreneurship is about trading time for value. Once the value is created the money will come.

Let’s use the tutoring example. Instead of tutoring directly with other students, you could be the one to connect tutors with those who need the help.

Obviously this isn’t the next billion dollar idea, but it could definitely turn into a lucrative business for a student. Not to mention you’ve created jobs and value for others on campus. At the very least, it’ll look pretty good on your resume.

If you’re a mobile app developer, you’ve won the jackpot. If you aren’t, you’ll still want to pay attention here. The most in-demand skill in this day and age is software development. That said, students often decide to pursue computer science while studying at University.

Mobile app development can get very expensive. That said, this could be a big money maker if executed correctly. The downside here is that many people on campus wouldn’t have big budgets to build apps. So your clients wouldn’t necessarily come from the student body. However, the fact that you’re a student run business is also a big plus.

Companies and smaller startups often target college-aged engineers to build their apps. The reason is they typically charge a lot less than the market rates. Considering the market rates are through the roof, the rates you would charge would still be fairly high. If you’re able to find consistent clientele from outside the school, you’ve just built a nice little business for yourself. Not to mention, you’ve learned real world skills that any non-technical manager needs to master.

Entrepreneurship comes in many shapes and sizes. The two examples above are just so you can get the juices flowing for the types of opportunities you need to create for yourself. The takeaway is that you need to figure out a way to build a valuable product or service. The more valuable your service becomes, the more money you’ll be able to make from it.

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