According to a report by Intelligent, 60% of 2022 graduates currently operate their own businesses or plan to launch one. The success of entrepreneurs like Mark Zuckerberg and Steve Jobs has shown us that it is possible to launch a successful business in college and steer clear of the career path. Many students are now willing to take on entrepreneurial challenges along with their studies.

But to enjoy the best of both worlds, you have to devote ample time and energy to both. There’ll be times when you’ll need to devote more time to your business, and there’ll be times when your studies need more attention. To excel at both, implement these handy tips.

Create a Schedule

Benjamin Franklin said, “If you fail to plan, you’re planning to fail.” Successful people don’t succeed by chance, they set goals and plan how to achieve them. Make daily, weekly, and monthly calendars to manage your busy schedule. Incorporate deadlines for your assignments and business orders that must be processed. Make notes of class times, study times, and tests. Creating a schedule helps you know what you should prioritize.

Utilize College Resources and Talent

College is the best place to start a business because you have access to the best resources and talent. Use all the resources your library has to offer. If your college has a business incubator or accelerator, get your business there and get the mentorship you need. Also, seek guidance from professors who are experts in your business niche. Some student organizations offer business guidance and support, so take advantage of this. You’ll grow your business as you study.

Get a Co-Founder

When you have someone to share work responsibilities with, you can get more done. Your business will succeed a lot faster if you get a business partner with complementary skills. Your co-founder can be a fellow student or your lecturer, just get someone who is an expert in your niche and has great business acumen. 

A co-founder will help you share the highs and lows of the business, and you can bounce ideas off each other. For example, if your cash flow is running low, a co-founder can help you make the right decision about getting funding. You may find that getting a title loan car is better than getting a small business loan.

Leverage Technology 

Technology has made it easy for business owners to run their businesses efficiently. Harness the power of technology and streamline your business operations. Use Google Alerts to stay updated on industry trends, Trello for task management, and Slack to supervise your team. Technology can streamline marketing, prospecting, and even expansion. You can start with free tools and get the premium versions once business picks up.

Seek Support 

If you try to do everything alone, you’ll experience burnout and either give up on your studies or entrepreneurship. Seek help from friends and family to run your business. You can also ask for help from mentors and teachers. For example, you can request your business lecturer for assignments related to your business. By doing this, you kill two birds with one stone.