College Considerations for the Budding Entrepreneur

College is universally accepted as a viable training ground for anyone looking to be successful in their industry, whatever that industry may be. However, some wonder what college can really do for the aspiring entrepreneur.

Successful entrepreneurship is a wildly elusive goal, and there are plenty of examples of those who opted to forego the college experience in lieu of pursing their startup dreams. A few of these examples are now household names, inspiring examples of just how far you can make it in the United States.

For every one of these success stores, there are many more stories of failure. If your startup is going to unsuccessful, it’s better to be unsuccessful and have a college degree than to only have a high school diploma on your resume. Here are some things for the aspiring entrepreneur to consider when deciding upon college:

Brand Recognition

A school’s reputation, as prestigious or otherwise, isn’t very important for entrepreneurs. What does matter is what problem the entrepreneur is trying to solve, and how well equipped they are to bring that solution to the market.

Networking Opportunities

A key ingredient for any successful entrepreneur is networking. When considering schools, an important consideration is the networking power of a university that includes students, faculty and alumni.

Geography

A school located near places with a strong startup track record such as New York, Silicon Valley, Boston, Chicago or Seattle are much more valuable to the aspiring entrepreneur than a school located in a desolate are. Additionally, entrepreneurs will want to go where the industry they plan to enter has a strong presence.

Major

Many people stress over choosing the perfect major, not just entrepreneurs. Entrepreneurs should major in a field where they have passion. They should not be so concerned with what their major is; instead the focus should be on getting as wide a range of experience as possible.

Advisors

Entrepreneurs will want to choose a school where they’ll have ample access to quality mentors. Whether these mentors come through a structured program or from networking, their guidance is invaluable for budding innovators.

Internships

Another essential factor for choosing a college is the access one would have to internships. Any experience future entrepreneurs can scrape together is valuable, but if the experience is at a successful startup it will likely be worth more. 


Click here for the full article, or click here for more Front Street news...

Comment /Source

Nick Banks

Nick created Front Street Commercial Real Estate Group in 2002 and spent the first eight years developing and acquiring office and retail projects in South Florida as well as North Central Florida. In 2010 the focus of the firm was shifted to primarily serve third party clients and perform brokerage, property management and mortgage banking functions. Nick has personally developed and acquired nearly 200,000 square feet of office and retail properties in markets throughout Florida. Prior to founding Front Street, Nick was the Director of Finance and Dispositions for Stiles Corporation in Fort Lauderdale where he financed and sold over $500 million in commercial real estate. Before joining Stiles, Nick was an Associate Director at GE Capital Real Estate where he sourced over $200 million in financing throughout Florida. Nick is a graduate of the University of Florida with a degree in Finance and a concentration in Real Estate. He serves as a board member and current vice-chair for the United Way of North Central Florida where he also chairs the Development Committee. Nick is actively involved with the Gainesville Area Chamber of Commerce where he serves as a board member and committee member for the Council for Economic Outreach. He is also a recent graduate of Leadership Gainesville which is a year long leadership program hosted by the Chamber. He is a member of Grace United Methodist Church where he has served as finance chair and as a member of the leadership council. Nick serves as an advisory board member of the University of Florida Bergstrom Center for Real Estate Studies. Nick was recently named chair of the Gainesville committee for the North Florida chapter of Urban Land Institute (ULI). He is a licensed real estate broker in the State of Florida and is a long time member of the International Council of Shopping Centers.

 Subscribe in a reader

Subscribe to Front Street's News Page by Email