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  #1  
Old 10-07-2012, 02:34 PM
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Too Young to start a company?

Hey everyone, it's been awhile since I last posted here. I wanted to get everyone's opinion and some help.

I'm turing 23 in November. I've been tossing around the idea of starting my own business. I'm a full time undergrad student at UMBC(Graduate next fall) and I work two part time jobs. I'm in the IT field. My father has a PH.D in Engineering Management, but he has his own successful business. I WILL be attending grad school. My question is, is it a good time to start now, or wait till I graduate? Should I start 'building it' now?
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Old 10-07-2012, 03:36 PM
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The problem with starting a business while in college full time is you can't dedicate yourself fully to the business. If you're just doing IT work on the side, that might be ok. If you're talking about hiring other people, wait until you graduate as any start-up will require your full attention to succeed.

As far as too young, one's never too young to start. Look at the stories behind many successful people, and you'll find they started early.
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Old 10-07-2012, 06:02 PM
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The problem with starting a business while in college full time is you can't dedicate yourself fully to the business. If you're just doing IT work on the side, that might be ok. If you're talking about hiring other people, wait until you graduate as any start-up will require your full attention to succeed.

As far as too young, one's never too young to start. Look at the stories behind many successful people, and you'll find they started early.
That's what I was thinking. Thanks.
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Old 10-07-2012, 06:41 PM
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Quote:
Originally Posted by -=Hot|Ice=- View Post
Hey everyone, it's been awhile since I last posted here. I wanted to get everyone's opinion and some help.

I'm turing 23 in November. I've been tossing around the idea of starting my own business. I'm a full time undergrad student at UMBC(Graduate next fall) and I work two part time jobs. I'm in the IT field. My father has a PH.D in Engineering Management, but he has his own successful business. I WILL be attending grad school. My question is, is it a good time to start now, or wait till I graduate? Should I start 'building it' now?
You can do either depending on how much of a time commitment you can afford. A family member started a VERY successful business when he was 18, sold it when he was 20 for 7 figures because he felt he couldn't manage it well anymore due to junior year in college. If your major isn't that demanding right now I suggest you get it off the ground a bit. Depending on what you want to go into (Computer Tech for example) you can do a bit of work in your free time and start building contacts. But if it's something like a restaurant, that's something you are going to have to wait on.

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Originally Posted by cwsqbm View Post
The problem with starting a business while in college full time is you can't dedicate yourself fully to the business. If you're just doing IT work on the side, that might be ok. If you're talking about hiring other people, wait until you graduate as any start-up will require your full attention to succeed.

As far as too young, one's never too young to start. Look at the stories behind many successful people, and you'll find they started early.
^exactly my point, you can do many things as long as you have the time. Be sure to incorporate properly and carry the proper insurances/licenses/requirements before you start!
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