Rightly stated by Richard Branson that “A big business starts small”. Every business starts with a small idea, and one small idea can bloom at any age. After springing an innovative idea, we need to put this idea into a full-proof plan before forwarding to the next stage or implementation stage. We often hear that most successful businessmen are school or college dropouts like Bill Gates, dropped out from Harvard University in 1975 and later he created Microsoft with Paul Allen. One of the pioneer and most successful of social networking platform Facebook founder Mark Zukerberg, developed the idea and gave it an entirely innovative realistic look while he was in the dorm of Harvard University. So, it is undeniably true that to become a successful entrepreneur, it is not necessary to have a famous degree from a top-notch university but, you need to have a clear and innovative idea, along with a transparent roadmap to achieve the desired goal, which can start at any point of your life cycle.

Presently, India is enjoying the status of third largest economy in the world. Students are always very keen to learn new things as they have quick adopting attitude, good listener and quick learner. They are always very enthusiastic in doing new things and don’t fear of taking risks. Students are always hankering to live their dreams, unlike adults who always scrutinize and scan the whole plot before starting a new thing. In this duration, the opportunity might go out of hand, so for being a successful entrepreneur risk taking capacity is very important. The Young Entrepreneur Council says that about 90 percent of youngsters accept that having their own business enterprise is significant than working under someone.

To take a long jump from the classroom to become an eminent and acclaimed entrepreneur, there are few steps to be taken.

Have a Clear Idea: Regardless of where you start or what you have in mind, a crystal clear idea of what you want to do and how to do is the most vital thing before stepping into a venture. You have to be more flexible to adopt any situation and strong enough to wipe out all the hurdles.

Have a Good Mentor: At the young age, you might have burning fire of aspirations, and zeal to do wonders, but you will need a sagacious and sensible mentor who will guide you throughout your journey of ups & downs. He will be your friend, philosopher and guide at the truest sense. He will be a faithful and reliable leader, who not only provides you valuable advice, but he will also build your network.

Join Mentorship Program of Incubator: Corporate Incubator and Accelerators are extraordinary alternatives for full-time organizers. Incubators provide free or low-cost workspace, mentorship, expertise, access to investors, and in some cases, working capital in the form of a loan. The students who have the creativity and courage to change the world with their unique efficiency, they can enroll in a corporate incubator to have expert managerial and operational suggestions and advice without running from pillar to post aimlessly.

Now, institution-based incubators and accelerators are finding their places almost all topnotch colleges in India including IIT’s and IIM’s are having their own Incubation and Acceleration Programs. These incubators train the new budding and blooming student-preneurs in the business with proper knowledge and education and make them a corporate business player by easily avoiding the common pitfalls in its pathway. They also help the student to connect with the vast network of famous venture capitalists or angel investor who will provide them required amount of capital.

Have a Business Oriented Degree: It is true that, you do not require a particular degree to start a business, but, if you have a strong inclination to become a successful entrepreneur or businessman, you should have a business oriented degree like MBA or any certified course. These studies will help you to learn new skills and enhance your knowledge. The thorough theoretical knowledge and practical experiences helps the student to gain the utmost flexibility in balancing your entrepreneurial endeavors with your educational goals. Collaborating with fellow students, coaches, professors and learning multi-disciplinary working will increase their exposure to entrepreneurial activities and rational thinking.

Read the Success Story of the Famous Business Personalities: At the budding stage, the students have an enthusiastic mind to make some unique and distinguished products and services, but they don’t have much practical experience and knowledge about the know-how of the business operations. Success stories of famous business personalities can help in having a clear pathway and motivate the young minds and simultaneously they can learn from their mistakes and go ahead in their endeavor.

Learn from the Mistakes: Students are the future of nation, if they are strong and qualified, the future of our nation will be bright and secure. People who doesn’t have deep knowledge about market and business, they might witness a severe downfall, as a young business enthusiast you should learn from their mistakes and errors and they can abstain from being trapped in the web of mistakes.

Whenever you see a successful business, someone once made a courageous decision -Peter F. Drucker

How and where to Start?
Capital or funding is the life blood of any startup. After having secured a solid business idea and roadmap, student entrepreneurs need to secure funding. There are various safe ways of raising fund like bootstrapping, angel investor, crowd funding, seed funding and venture capitalist. Each type of funding has their own pros and cons, so before proceeding, you need to know detail about the nature and qualities of each funding along with their terms and conditions. Government has taken many initiatives to uplift the startup economy of the country and started various new schemes like AtmaNirbhar mission, Make In India, or PradhanMantri Mudra Yojana, these are not only helping the young entrepreneurs but generating many jobs. Recently, after the digital awakening, the more startups are coming and with them new ideas and concepts are also floating in the market.

The latest concept of Student Startups Summit’s became very significant, as they bring together Founders, Startup-fans, Corporate, Angel Investors, VCs and Media from crosswise over country. These summits are unveiling new horizons and opening new doors. These summits also invite famous ministers and eminent business personalities who give motivational speech to the vast audience and share their true stories and also share various tips and tricks to get over any sort of hurdle. They often interact with the students and quench their queries. So, if you are keen to give your dreams a wing to fly, you need to participate in such events, workshops, summits or conferences.

Conclusion: All you need is a great business idea that adds value to the lives of your target audience, risk taking unwavering attitude, a full-proof plan, and a resilient mindset. Starting a business while studying in college might be little difficult, but it is a golden opportunity to gain valuable experience and build a successful enterprise. Starting a new venture as a college student can be a rewarding experience with the right approach and mindset. Also you should have a sound knowledge about the market, target audience, location, competitors and platforms to reach to your target customer easily within a short span of time. You should have a transparently effective idea about all the channels of business like D2C, B2C, or retail, different channels of marketing and promotion to create great impact in the market.

Presently more than 92,683 startups had been officially recognized by DPIIT. 4000+ Startups have benefitted in the last year through various programs of the Central Government. In comparison to the other wealthy and boastful economies around the globe, India started quite late, but it has already adopted the speed of light and in coming years, hopefully it will be in the top two economies.