Landing your first job right out of college isn’t easy in the best of times, but in the face of the bleakest job outlook in 20 years, who can blame soon-to-be graduates for taking matters into their own hands?
All over the country, budding college entrepreneurs are starting their own businesses rather than rolling the corporate dice, Inc.com said in March 2 story.
“The good news is that it is, in some ways, a great time to start a company. Costs are coming down and established businesses face pressures that a nimble, low-cost upstart need not worry about,” Inc.com said.
And colleges have long provided a springboard for new entrepreneurs, with Dell computers as perhaps the most famous example.The company was created in a dorm room at University of Texas at Austin, Inc.com said.
At Yale, a group of students founded GXStudios in 2007, a creator of massive multiplayer online games.
“It’s one of those things I never would’ve predicted when I came to Yale,” co-founder Matthew Brimer told Inc.com. “If someone would’ve told me that, when I graduate, I’d go to work for the start-up company I founded and am working for already part time, I’m not sure I would’ve believed it.”
It’s a juggle that while hard, beats sending resume after resume to compete with legions of laid-off workers.
At the University of Houston, Danny Klam begins his day at 3 a.m. to open one of three Simply Splendid Donuts and Ice Cream stores he owns with his cousin.
“The hours are crazy,” Klam told Inc.com. “You just have to make time and get your priorities straight.”
At the University of Michigan, a student began her own T-shirt company and while successful, quickly found the two worlds can collide.
“I can tell you all the awesome things I’d like to do with the company and all the great places I think we can grow,” Caroline Rooney told Inc.com. “But at the same time, I have a 10-page paper due tomorrow.”
This article was submitted by Kathleen O’Connor, a contributing writer for Biz2Credit. Biz2Credit is a small business marketplace that provides entrepreneurs with the latest industry news and financial advice. Send all questions to email@example.com.