Why I Think You Should Start A Small Business

Being a student garners a unique perspective of the world. You gain knowledge on how to market to people and produce services and goods that you know others like yourself will want. That's why, at this age, you have the perfect ability to start a small business about something you're passionate about. Not only will you make money, but you’ll be doing something you love and enjoy doing. 

If you’re still not convinced here are some reasons why you should invest in starting your own business. 

Extra Money

Even if it's just a little bit, a business can provide you with an income source to help you during your time as a student. Because let's be real, money is always tight when you're a student. It always feels like there are so many ways to spend your money but no way to make it. But a small business you are passionate about can make all the difference! Just know that you will need some money to launch your business, so try speaking to family members and friends for potential investment opportunities. 

Help from Ontario Tech

Ontario Tech provides various opportunities to help students launch their businesses. The Brilliant Catalysts is a great program offered at the university to help students navigate marketing, website building, funding, and much more. You can check out their numerous workshops and programs available on their website. 

At Ontario Tech we also have a Makers Market in which students who have small businesses can market and sell their products. Check out the website for details on how to be the next biggest vendor!

Grants From Ontario

You may not know this but Ontario provides financial support for many individuals that are striving to start a business. Ontario’s government provides special grants for students/young people looking to grow their businesses. This website from the Ontario government provides great resources on how to start as well as the funding options available. Click here.

Your Schedule 

As a student, I find the biggest difficulty with keeping a job during school is your packed schedule. With classes being everywhere along with assignments, labs, and exams, all scattered throughout the semester, it's stressful to receive a schedule from a job and be expected to have no conflicts with it. The best thing about having your own business is that you can create your own schedule so you can prioritize your education and mental health. 

Resume

Running a small business can do wonders for your resume! Not only does it showcase valuable skills like leadership, problem-solving, and communication, but it also demonstrates your go-getter attitude and ability to handle multiple responsibilities. Plus, it's a unique experience that gives you practical knowledge in areas like marketing and budgeting. 

Real-Life Experience 

Sometimes it feels like university is very theoretical, but starting a business gives you real-life experiences and teaches you things you just can't learn without stepping into the professional environment. As an entrepreneur, you'll learn to think creatively and adapt quickly. Effective communication, financial literacy, team leadership, and resilience are just a few of the invaluable skills you'll develop.  

These are just a few of the reasons why I believe a small business is a great fit for students, any one of us can create something great in whichever field we're passionate about. Don't ever think what you’re bringing to the table is not worthy, with practice, you are capable of doing anything. 

Don't give up and good luck!