This post was written by Jeet Banerjee, a serial entrepreneur, marketing consultant, TEDx speaker and best selling author. Jeet built his first business while still in High School. Today, Jeet is going to share tips on how to build a business while balancing school. You can listen to Jeet’s story on the Teenage Entrepreneur Podcast Ep. 14.
When I started my first business, I was still in high school. I was 17 years old and I had started a multimedia agency. While it was a challenge balancing school and my business, I made it happen.
Within 2 years, I had over 15+ employees and I even got the opportunity to sell my business for a profit. While I had my business, I was a senior in high school and eventually moved on to being a full-time student at a University.
It wasn’t easy at all times, but I found the perfect way to make it happen. In this article, I share my tips and strategies on how to start a business while balancing school:
My friends were out partying all night while I was staying awake to manage my development team in India. Can you imagine how crappy it felt when I saw the Snapchat’s on the wild activities I was missing out on?
However, I was focused. While it sucked from time to time, I knew my purpose was greater than that. I could get caught up in the life of being a college student or I could help myself be financially free.
When I was younger, I would procrastinate everything. When I started my business, I tired to put off my big projects or proposals till the last second. As a result, things got messy and my school work and business began faltering.
When you start a business and attend school, you’re going to have a lot of responsibilities on your plate. As a result, you need to get things done when you have free time.
Use Your Network
Even though I decided to drop out of college to pursue my entrepreneurial vision, I found a lot of value from college while I was there. When you’re in college, you’re exposed to a huge network of people and resources which are perfect for a business.
Whether you need partners, interns or mentors, your college has all of these resources readily available. You can find partners/interns by networking with other students while you can find mentors by chatting with your professors.
The best part about being young is that you can take bigger than usual risks since you usually don’t have much to lose. Can a 35 year old married man take the same risks as a 21 year old college student? No chance.
When you’re 21, you probably don’t have as many responsibilities and bills as someone who is 35 years old may. When you get an opportunity, you have to weigh the risks and rewards. If you see an upside to it, take it because you might not be able to take it again later on in your life.
Don’t Make Excuses
I had the opportunity of delivering a TEDx talk where I talked to people young and old. I asked them if they were pursuing their wildest dreams and everyone said ‘NO’. The worst part of all was that they had the same excuses.
If you truly want to be successful, school is just an excuse for why you cannot get started. When there is a will, there is a way. Stop thinking of all the reasons why not and just do it. There is no better time to pursue your dreams than now.
Photo Credit: RadiantSelfCare