The idea of starting a business directly out of college can be enticing to young graduates and entrepreneurs, but is this the best move, or is waiting a better idea? There are a number positives and negatives to both scenarios.
The first issue to discuss is the idea of volatile income. In a new business, there is no guaranteed paycheck. This can leave many young business owners very uneasy not knowing how bills, salaries, or other expense will be paid. However, one could argue it might be better to take this type of risk when you're young and have fewer responsibilities. A person in there late 30’s with a family to provide for could overwhelming for many business owners to manage.
The second point is centered on connections to others. While new business owners could feel isolated from their peers who are working a 9 – 5 job with a steady paycheck, it could also be a time to make new relationships with alumni groups and other colleagues. This resource is very valuable in one’s early 20’s as these relationships tend to dwindle with time.
Lastly, while securing capital to start a new business can be difficult for someone just of out college, it does provides an experiential atmosphere where each day is a new adventure, one where there's much to be learned. It will be much more difficult than having a steady job, but there is no better way to learn than jumping right in.
In either case it comes down to the individual, are you someone who wants to jump in head first and take advantage of that entrepreneurial spirit and rush that comes from graduating, or would you rather get your feet wet slowly, pay your dues and get your ducks in a row? Both are good strategies with their own set of pro's and con's, which would you choose?