Money and Business

Starting a Business a New Grad: Pros vs. Cons

Passing your exams, going to college and getting a diploma may seem like a simplistic enumeration of how hard a college life is, but your journey is only beginning. College, as they say, is only the foot of a high and tricky mountain. Starting a business is no different, but it’s certainly a worthy venture for fresh slates that want to tough it out in unknown waters.

Graduating from college is certainly a milestone that not only gives you nice piece of paper to hang on your wall, but also knowledge that arms you with textbook knowledge that gives you just about enough to wade through business-minded waters without drowning yourself.

Self-employment can be definite way to earn income if you put enough effort to it. It’s like building a rocket to the moon; it takes a lot of trial and error to get the rocket going but once you’re there you’ll be getting your fill of cheese. After you’ve done that, the next step is to build better ships for a fraction of the cost.

Pro: You have all the time in the world to invest on your work.

College can definitely help you out with the planning part and by the time you’ve graduated, it’s likely you’ve got a decent workflow worked out. Since you’re practically an empty slate and aren’t constricted to other jobs, you have all the time in the world to improve and maintain your business, most especially in its infant stages.

Con:  You might find it difficult to keeping your business financially afloat at its startup.

Money is your startup. Without it you’re just fiddling around ideas on a piece of paper. Startup money involves a lot of money up front where you can set up your business as well maintain it until your ROI (return of investment) kicks in so it can run on itself. Even online websites need money to run since you have to invest on advertising campaigns in order to get a decent traffic on your site.

Pro: You’re glad not to be sitting in a cramped cubicle.

Small businesses have the honor of being your own boss under your own terms. You’re filled with workable enthusiasm to do what you want with no relative backhand to correct how you do things. This is both necessary and an easy thing to have. If mistakes are made, you can toss them aside and work on something new.

Con: Starting out means you’ll be doing things you do not want.

Startup isn’t just about the money; you also need to keep the ball rolling by securing investors, talking with business owners to learn their procedure and covering for costs until you get your returns. Remember, you are the boss and with that responsibility, you are expected to fill in the holes; whether that job is sales, accounting or even quality control. You won’t like most of it, but it must be done until you can afford your own employees as your business grows.

Category: Business Growth
Money And Business