How To Balance Your Studies With Running A Business
Big business like Facebook, icracked and WordPress among others were established by students right from their dorm rooms. University is the hub of creativity, and innovation most of which turns out to become multimillion-dollar enterprises in the future.
Dealing with school work and business at a blow is demanding and challenging to the point that many students have either shelved or halted their brilliant ideas as they feel that the scales are tipping to one side.
However, there are a few ideas out there that could help you run a successful business and at the same time, come out of school smiling with the qualification you deserve.
Below are some ways a student can maintain a good balance when it comes to pairing up the responsibilities of doing business and facing one’s studies
KNOW YOUR PRIORITIES
Getting the more important things done first is key. As a student and business person, you need to set goals for yourself when it comes to education and enterprise. Know why you’re in school as well as why you are doing business in the first place. Focus, keep your eye on the ball knowing that your target is nothing less than bringing three points home.
MAKE A DAILY PLAN OF ACTION
Make a list of things you need to do or achieve for each day and execute them. At the end of the day, you find out that there’s more focus and satisfaction when you’ve completed these tasks.
Creating a timetable or a schedule as the case may be gives room for reasonable amount of accountability and organization making it easy for you to make sure that you’re not whiling away from your academics or your business. This makes the student entrepreneur a whole lot more effective and efficient as its easier to keep school and business schedules apart.
START THE RIGHT KIND OF BUSINESS
Sadly, it’s not every business out there that favors students. Finding the right type of business for students is very crucial as it will be easier to run it alongside your studies.
Such businesses which are great for students include:
- Online businesses which generate money even when you’re polishing your nails, working on an essay or heading down to dreamland. These include; blogging, e-commerce; etc.
- Freelancing: These Businesses are great for students in the sense that you can easily pass up on offers when your schedule in school is tight. Example; if you’re freelance writer, you can easily reject a job offer during cramming season.
- Seasonal businesses especially those that witness a high level of patronage during holidays example; selling gift items during Christmas
LOOK FOR SUPPORT
As a student entrepreneur, mentorship is very essential. Looking for people more experienced than you and getting to them is very important as they’ll give you the much needed guidance when it comes to decision making or difficult moments when you need some motivation to keep you from throwing in the towel. Your lecturers, professors, other students who are in advanced levels and the school guidance counselors could come in handy as mentors and advisers.
There’s also vast resources and great knowledge base on the internet where more experienced people are giving advice and hints to getting more clients, staying afloat, keep it all together, etc. joining groups on social media and forums related to your business is a big help.
TAKE SOME TIME OFF
Sometimes you just need to put certain things on a hold and unwind. Don’t just let your life follow the cycle of going from school work to business and back again.
You need to create as much time as possible for yourself and get the chance to actually live life so you can stay on track. Get a breath of fresh air, spend some time with your friends, go for a walk or a run to clear your head or if you’re the club-going type, get on the dance floor and move it.
Don’t just stay chained to your computer or sleep next to screens. Unplug every now and then and have some ‘you’ time. It gives your body some form of rejuvenation hence, keeps your creative juices flowing.
Read Also: Way Of Coping With School Stress
As a busy student entrepreneur, it is equally important to pay attention to your health same as you would to your studies and business eat right, get enough sleep, rest and exercise, see a doctor often and if you’re on any medication don’t skip them, also consider your mental health by maintaining your relationships; call your mom, stay in touch with friends and family as most of the times, they do a lot of work in keeping us grounded and sane.
THINK ABOUT YOUR FUTURE
If you’ve come to a point where you’re so hooked with your business that you find yourself skipping classes and paying less attention to your school work, then it’s time to look back and re-evaluate your goals.
Think about the bigger picture and the effects of putting business above studying for your final qualifications. Ditching your studies, is it worth risk? What do you need to get into the future that you dream of? If you’re on scholarship, how is this affecting your grades?
You shouldn’t let the extra money that you see right now destroy your future in academics or deter you from getting your degree. Balance is key.
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CUT DOWN ON EXCESSES
Time is very essential and unfortunately, time is limited. Expending the little time on your hands scrolling through social media, playing games or watching Netflix leads to decline in productivity. When are you going to reply those business e-mails or give call backs to customers or most importantly finish up your pending educational projects?
It is very important to make the most of your time on doing the needful as regards your academics and business growth.
Learn to also say ‘No’ when occasions demand for it. If you know there’s something that needs to be completed in record time, and your friends ask you to go chill with them at a bar for instance, it’s up to you to make these tough coughs and say no trust me, your friends will understand and if they don’t, then you know who your real friends are of course.
See Also: Mistakes That Most Undergrads Make
When it comes to creating a balance between studying for a certificate and running a business, the keyword is ‘focus’. Set your priorities; know when to slow down, double your efforts or tune out. Don’t take relationships and advices for granted (you need them to keep you going), outsource, work with other, don’t push yourself too hard and don’t lose sight of your goals and what’s ahead.
Never try to do everything all by yourself, look for and accept help.