The College Entrepreneur

By Dalton Skach

Being in college is one of the most exciting times in a person’s life and for some, is where one discovers their true passion. Most of us go to college to get a degree. Some of us go for something more. We attend college to educate ourselves, to connect with others, and to be a part of an even greater community.

College is a huge transition from high school where you are allowed to skip classes, join exciting organizations, and where your main goal is to not only learn in the classroom but also outside of it as well.

I am a Finance major at the University of Colorado at Boulder and I would like to show you how to take that extra step towards self education.

Our generation is growing into an entrepreneur’s mindset more than ever. We are a part of a generation that is not settling for taking a decent job but rather, creating our own businesses.

As an entrepreneur, I have started a few businesses in my life and I have made many mistakes in doing so. Life is about making mistakes and learning from them. I can honestly say that I have learned more in my past three years of college than I did the previous 18. College is the best place to make mistakes and to learn from those mistakes. You are being given an incredible amount of resources in college that will support you and guide you towards the right path.

Some of the lessons I have learned thus far will impact me throughout the rest of my life. First things first, if you give up the mentality of trying to drink 4 days of week and you limit yourself to drinking just one day a week, you are already ahead of 90 % of your classmates towards the road of success. You will be able to graduate with no criminal record and no alcohol addiction if you follow that simple rule. Next, spend time on something that you really care about and that you have a passion for.

Find a hobby while you are in college that will give back a return. Do something that you love and actually spend time on it. If you put in the work doing something you love, you will not need to worry about making money or making new relationships. They will just fall right into your lap. The most valuable opportunities are the ones that arrive when you aren’t even searching for them.

The hobby that I have chosen just recently to spend my time on is to join an entrepreneurship organization on campus and to dedicate over 10 hours of my week to reading business/entrepreneurship books and then writing down what I have learned from those books on my blog (buffbusiness.blogspot.com).

This hobby keeps me busy and also increases my knowledge to new peaks every day. I have learned about failing forward, investing in the market, starting my own business, and the most important things I need to do every day in order to succeed and to be productive.

One of my favorite quotes is “Formal education will make you a living. Self-education will make you a fortune”. I truly believe in what this message is saying and I try to balance both.

In conclusion, I hope that you have learned two very important lessons from my article. Number one, don’t be afraid of failure and when you do fail, fail forward. The greatest things in life happen right after you are about to give up. Don’t give up. Number two, do something you love for the passion of doing it and the rewards will follow.

Share on FacebookShare on Google+Tweet about this on TwitterPin on Pinterest