“Entrepreneurship is one of the fastest growing majors on college campuses around the country,” shares our guest today Eric Liguori. He is the author of “The Startup Student” and an expert in the growing field of entrepreneurship. Hear what he has to say about building a better business and controlling your own destiny in this episode.
“On any campus you visit right now you are going to see students starting and running their own businesses,” states Liguori. Luckily, there are now resources in place to support this at most universities.
These are usually small to medium sized businesses already turning a profit.
It is NOT just high-tech/high-growth. Students are doing everything from producing their own juices to laser engraved lacrosse balls.
Universities are approaching this in 2 ways:
Parents need to challenge students to research and choose a college with resources to support that dream. It will be an up and down ride for parents.
Entrepreneurship is a major that is usually under the Business college.
“Some campuses are much more focused on interdisciplinary education, and other campuses are focused on entrepreneurship as its own discipline and major,” notes Liguori.
The final series of courses usually allows for students to work on their own or to work as a team.
College entrepreneurs learn 3 major categories:
“We give them the guidance they need to navigate that choppy water of uncertainty at the beginning,” describes Liguori.
Students usually fall into one of two categories:
Classes focus on tool-building and help students understand if it is worth it or not to just take a market wage.
Credibility challenges are the toughest, so students are matched with experts and mentors. These connections can help introduce them to more partners and get access to capital. Instructors also help students to set up plans for beyond college.
Investment pitches and competitions are other ways students can gain capital without losing equity.
Sometimes parents are worried and prefer students to get job training.
“My experience has been that students who are really passionate about it find resources,” says Liguori.
Every university will have something different offered ranging from a certificate program all the way up to graduate degrees.
There are a few steps high school juniors should do:
Don’t be afraid to pick up the phone and ask the admissions office of any college you are interested in.
Entrepreneurship is generally in the Business school, which might have minimum requirements above and beyond the major itself.
Core Area- Building a Budget
Start by looking up what it might cost to attend your local state school.
There are two ways to build your budget:
In the end, just because you can only afford a certain amount a month, does not mean that is enough. You might need to recalculate what you can afford, take a job for additional income, or consider borrowing.
Begin freshmen year of high school to figure out what college will probably cost.
Then you will know what you might have to save or invest.
This will not be necessarily easy, but it IS necessary!
Optional Area- Divorce Planning
This impacts:
This can get complicated, so do your research!
Episode 39: Divorce and College Planning
Episode 11: College Planning and Divorce
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The post THCC114 – Learn How Entrepreneurship is Becoming a Major in College Interview with Eric Liguori, Entrepreneurship Expert and Author “The Startup Student” appeared first on Taming The High Cost of College.
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