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3 Ways to Fuel Your Student-Led Startup

Student startup: As an aspiring entrepreneur who has – from day one in the university – trying hard to have a breakthrough in the business realm, fret not, you still have abundant options to fuel that your ideal business idea the leverage it actually needs.

Funding your student-led startup

Do you need what to put in place to push through that your student-led startup? Are you a student with interesting business model but lack funding? If yes, put on your entrepreneur hat and follow me as I paddle you through the most important ways to fuel your student-led startup.

Read Also: Things Nigerian Students Can Do While ASUU is on Strike

HOW TO FUEL YOUR STUDENT-LED STARTUP

  • Networking should be your best friend.
    Only if you know the power of networking will you not hold it with high esteem. If you want a thorough breakthrough for your student-led startup, the best strategy is to look for a way to create a viable, strong and growing network.

Nothing less than 80 percent of professionals see networking as a valuable model to career success. The great fortune of this world has been made and raised by people like Bill Gates, Jeff Bezos, Sam Walton, etc. yet they never take networking with levity hands.

Similarly, networking is vital for any career in any field to succeed, most importantly, in the entrepreneurial and business realm. There are various events build to connect students with amazing ideas and similar passions together plus numerous investors and community leaders who might find their talents and ideas useful.

However, as undergraduate students that are ready to unravel his business idea, plenty of opportunities are available for you to network while still in school. Let’s everyone you meet count, it takes courage to discover and you never can tell who will develop your student-led idea.

  • Engage yourself in Business model competitions
    Another smart way to get your student-led startup financed is by involving yourself in any business model competitions that come your way. Engaging in business model competitions may provide you a valuable introduction, better mechanism – if you are lucky enough – to fuel your startup. Not only that, but it can also lead to your publicity.

Also, you can find a few websites online advertising business models or plan competitions. Fortune enough, websites like iStart has been widely celebrated as it connects different students with the same or appropriate contest together for their circumstances. For further info on this, do endeavor to visit iStart.

  • Venture funds
    No doubt, the present condition of student entrepreneurship spirit and skills has given rise to an investment scheme known as student-focused investment funds across the world.

Research shows that the generation’s to come successful companies will come from universities. Many organizations are now sincerely capitalizing on the immense talent plus plethora numbers of open opportunities on university campuses. This is unlike before, things are getting a fix, now.

With the rise of the students-investment funds, Dorm Room Fund and other emerging student-run venture capital funds, irrespective of where you are or the school you attend, you can fuel your startup with easy access to solid network of world-class investors, mentors just to mention but few.

So, therefore, if you really want to be a beneficiary of any of those students investments fund, you will have to stay tuned always. Such are rear opportunities you shouldn’t ignore nor missed.

Read Also: NYSC: Business Ideas For Youth Corpers

Bottom line.
For wannabe entrepreneurs, it’s for your own good you do your research and shoot high, simply because you wouldn’t want to lose the opportunities luring in your backyard.

However, history has clearly shown that student entrepreneurs -with their zeal and enthusiasm – can build highly profitable companies with a free flow of income. With such your insight and brilliant ideas, I sincerely hope you are one of those future emerging prospects.

Ikoi Abode Ikenna
Ikoi Abode Ikenna is a Pharmacist living in Lagos, Nigeria. A fan of entrepreneurship, technology, and web development and seasoned blogger, currently the owner and editor of Abode Business (www.abodebusiness.com) and West Entrepreneur Forum (www.westentrepreneur.com) you can follow him on Instagram @pharmabode

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