Want to start business right after college? Tips to follow

“If you can dream, you can do it.” – Walt Disney

Dreaming big is easy, but you need to have the courage and determination to turn your dreams into reality. If you’ve decided to start your own business and don’t want to join a 9-to-5 job like your other college mates, welcome aboard.

Starting a business right after college is not a child’s play. It’s obvious that you’d have difficulty at first since you’re completely new to the domain. But, don’t get disheartened. If you work hard and have the zeal to grow your business, you’ll surely achieve your goals.

Tips for starting business after college

Do you want to start your first business venture? If your answer is yes, then these tips will help you greatly.

1. Approach social media as a CEO and not a college student

You are no more a recent college graduate if you have decided to launch your own business. You’re now the CEO of your startup. When you’re sharing or writing something about your business on social media, you’re creating a brand name of your company in the market. So, make sure your approach must be of the leader and not a college student.

2. Create a presence

You will find difficulty in selling your service or product in the industry where people don’t know you. So, it’s extremely important that you should make your presence feel to everyone in the industry. For this you can join online communities related to your product or service, attend conferences, start writing a blog about your product or service, and contact influencers on social media.

3. Use the available school resources

Are you a recent graduate? If so, then you can find ample school resources available to you on campus like you can use your school library to plan, research, and meet your team members and also use other resources such as color printers, scanners, and research databases.

Contact the job resources department or similar other groups in your college to get help for starting a business.

4. Connect with staff and alumni

This is the best time to join your school’s alumni association. Joining LinkedIn will get you connected with other alumni and staff.

You can also take out time and contact your favorite professors and staff.

Even if they don’t work in your area, they may suggest someone who does.

5. Evaluate implementation

Thinking of a business idea is easy. But, turning that idea into a working business is really hard. First, you should learn the tactics of building a team and developing a product or service before it can be sold. Kelsey Meyer, Influence & Co. said that “I would tell every graduate to think about how she can begin to implement on the smallest scale possible, validate, then scale.”

6. Try to be a problem solver

It is great if you want to make your hobby your business. In fact, it’s a superb idea. But, your passion for work is not enough. You need to identify and provide a solution to an unsolved problem or reach out a market that’s still under dark. In short, try to solve the problem of your niche customers. Otherwise, you won’t be able to make a difference with your work.

According to Jon Eckhardt, associate professor of management, Wisconsin School of Business, University of Wisconsin-Madison, “if you have no customers, you have no business. Make sure your ideas align with what your customers need, not just your idea of what you think the world needs.”

7. Create budget for business

You can start a part-time job to build up capital for your startup. This’ll also help you gain new experiences and knowledge about your business. Make sure you have enough money to run your business at least for few months.

As per Jon Eckhardt, University of Wisconsin-Madison, “if you need financial help, consider working with a business accelerator. Many of them are located around colleges and universities. They can help you with seed money and training.”

8. Build up a team

Your business needs a team of talented people to achieve great heights. Do you want to attract investors? Well, for that you need to show them that you have a great and talented team with you.

If you hire few talented people with experience and knowledge in each business area, then your business will be in great shape.

Handy tips for budding entrepreneur

Apart from the above tips, you must also keep these tips handy at your disposal when starting a business:

  • Develop your business network
  • Be patient
  • Deliver your product or service on time
  • Find out the right investors
  • Calculate the cost
  • Complete all the legal formalities
  • Do your research well
  • Use free resources for your benefit
  • Buy proper insurance for your business
  • Be flexible
  • Market your product or service
  • Make sure your clients are paying their bills on time
  • Select right employees
  • Remember, “honesty is the best policy”
  • Strike a balance between personal and professional life

Starting and running a business needs a lot of hard work and determination. Thinking of starting a business is not difficult, but you need to take a lot of things into consideration to run a business. You even need to sacrifice your social life for that. So, you can see it’s not that easy as you think. But, don’t panic! It will make the situation worse. Stay calm and handle situations smartly as they come your way.

Categories: Miscellaneous


How to build a work wardrobe without burning a hole in your pocket

Are you living on a tight budget and need to buy clothes for work at the same time? Yes?

What a daunting task. Isn’t it?

Don’t PANIC.

Building a work-friendly wardrobe within budget is not a rock hard task. You just have to be a bit calculative. After all, you don’t want to spend your hard earned dollars on something wasteful. Right?

So, let’s check out how you can build a work wardrobe without hurting your wallet:

1. Know your dress code at work

Don’t waste your dollars on clothes which aren’t appropriate for your workplace.

Before you go for shopping find out your organization’s dress code policy.

Or, if you’re in a new job, ask someone who works there (even better if you know someone) about the company’s dress code. Your dollars will be saved from wasteful purchase.

2. Create a “capsule wardrobe”

The term “capsule wardrobe” is widely used by fashion bloggers to denote clothes and accessories that never go out of fashion. I think, it’s the best way to look good on a budget at the workplace. Do you think the same?

You’ll find dress, jeans, skirts, blazer, bracelet, scarf, purse, flats, heels, sunglasses, etc. which never go out of fashion.

Check for neutral base colors. It’ll be enough if you buy these things. So, the next time you go out for a work wardrobe shopping make sure your list contain some of the essentials.

3. Look for discounts

This is the number one rule of shopping. Always “look for discounts.” You can also befriend a salesperson to save some extra cash. But, don’t compromise on the product quality. When shopping online look for coupons to save more.

4. Shop from thrift stores and garage sales

Did you find good conditioned clothes at thrift stores or garage sales? Yes? If you think you need them, buy them right now. This’ll save you a lot bucks.

5. Sustain with what you have

If you have a tight budget, make do with what you owe. Or, upgrade your wardrobe with a scarf, collar, cuffs, handbags, etc. These will cost you less and give a new look to your wardrobe. What do you think? Upgrade your wardrobe only if you think a particular item is missing or a must-have.

Some slice of advice:

  • Never go beyond your means to purchase things.
  • Remember, “a penny saved is a penny earned.”
  • Don’t buy needlessly.
  • Use cash more.
  • Pay off your credit card balance within the billing cycle.

Categories: Miscellaneous

Believing in these credit score myths? It’s time to discover the truth

You very well know that credit report contains credit score, which determines your creditworthiness. But, do you know your credit report is your financial report card? Yes? That’s right! Each of your financial activity is listed on your credit report, which in turn affects your credit score and financial situation.

So, it is important that you must debunk some credit score myths to stop hurting your score and finances.

Let’s unwrap the truth behind some commonly believed credit score myths:

Myth 1: Checking credit report will hurt your credit score.


Your credit score won’t get hurt if you check your credit report because it results in “soft inquiry” or “soft pull.” You can get a free copy of your credit report annually from the credit bureaus.

However, your credit score is affected when your lender checks your credit report before giving out a loan. It’s because whenever a lender pulls out your credit report, a “hard inquiry” is added to your report, which in turn affects your credit score.

Myth 2: All lenders use the same credit score.


If you think that your lenders use the same credit scoring models to assess your creditworthiness, then you’re mistaken. Apart from FICO, there are other credit scoring models with different score ranges. Vantage Score is an example.

So, don’t think that your lender is using only the FICO score. He/she might be checking your Vantage Score.

Myth 3: Paying bills in cash will help your credit score.


Using cash to pay your bills may not be good for your finances. Remember, using credit accounts will help you build your credit. So, if you don’t use a credit card, you won’t be able to establish your credit.

So, you must use a credit card to pay your bills provided you pay off the balance at the end of each billing cycle. That’s the best way you can build a positive credit history.

Myth 4: Credit score will improve once you pay off all your accounts and close them.


Your credit score has already been affected since you’re delinquent on your payments. Don’t think that paying off debts will improve your credit score immediately. But, your score will get a boost in the long run if you don’t acquire further debts.

Moreover, closing your old credit account can increase your credit score because 15% of your credit score depends on the length of credit history. So, after settling your debts, you should keep your old credit accounts open.

Myth 5: Education level will affect your credit score.


Your education level and the degrees you’ve got are not reported in your credit report. So, it has nothing to do with your credit score. Your credit report only contains information on your financial transactions.

A credit report does not contain information about your income, investments, assets, race, gender, marital status, national origin, religion, savings and checking accounts, certificate of deposit and so on.

Do you know any other credit score myths?


Then, do share it with us in the comment section below.

Categories: Credit


Career counseling: The ultimate solution to all your career problems

Choosing the right career for yourself is a crucial decision after you complete high school. It’s often difficult to select the right career for yourself when you have ample options at your disposal. If you want a prosperous future, you must pick up a definite career and decide your career goals.

In today’s scenario, the most common question which students face is – What career should I choose?

Well, if you feel you can’t make a career decision, you must visit a career counselor. Career counselors are experts in their work and will help you choose the best career option through career counseling.

Now, let’s find out why career counseling is important and how you’ll benefit from it.

Career counseling…

1. Finds out your true potential

Career counseling will help you find your true talent. As long as you were at the junior level you’ve performed almost across all subjects. Now, it’s time you should realize your potential and choose a career according to that. With the help of career counseling and aptitude tests, career counselors will bring out your true potential and your area of interest. It’ll empower you to make a strong career decision.

2. Helps to clear your doubts

Often students aren’t sure of what they want to study. It may happen as one has so many career options and is too young to decide on a suitable career for oneself.

If you have confusion regarding which career field to choose, you must do career counseling. It’ll clear your doubts, help you recognize your interests, pick up the suitable subjects, and make a right career choice.

3. Gives you motivation and support

A strong motivational level is required for a long term success and through career counseling, you can uplift your morale. Well, career counselors are expert in boosting the morale of students by understanding their requirements. Career counseling will also give you emotional support and teach you to expand your network.

4. Arms you with educational and occupational information

Career counseling will provide you enough educational and occupational information like nature of work, job market, working conditions, earnings and salary, academic training, related occupations, alternative jobs, college requirements and so on. In short, you’ll be guided in every possible way.

5. Helps you cope with career challenges

When you go for career counseling a career counselor helps you deal with career challenges. A career counselor will develop strategies for you to handle work pressure, make you more competitive, prepare you for retirement, so on. In short, you’ll be able to face career challenges with confidence.

6. Helps you learn about career planning and decision-making

The first step in career planning is to set realistic and achievable goals. Through career counseling, you can take correct decisions about your career and learn decision-making strategies and styles. It helps you to cope with anxiety, handle rejections, disappointments, stress, etc.

After saying so much all that I can conclude is that career counseling is the only solution to all your career problems.

Categories: Miscellaneous