Who is an Entrepreneur Student?
A student entrepreneur is a person who balances academic and entrepreneurial pursuits. He is a business owner or manager who, via risk and innovation, strives to create a profit while combining academics.
Everyone, I believe, has the potential to be an entrepreneur; the extent to which entrepreneurial qualities are developed, the level of exposure to relevant knowledge, and the willingness to take risks determine the outcome.
Some Positive Aspects of Being a Student Entrepreneur
1. You will hone your entrepreneurial abilities.
2. Having various sources of revenue.
3. You will learn to make decisions and be self-sufficient.
4. Labor employers are looking for experienced candidates to hire.
5. As a recent graduate, you will have documentation of work experience when you attend interviews.
6. Your experience running a business on campus will come in handy.
7. After school, you will have the option of looking for work, continuing your business, or changing your area of business.
8. You’ll be honing your abilities and talents in order to command commercial value.
The Lazy Student Entrepreneurs’ Way?
People who are less physically active are, on average, smarter than those who are physically active.
According to the findings, people with a high IQ are less likely to become bored, which leads to them being less active and spending more time thinking.
Even a slacker can succeed as an entrepreneur.
However, it’s critical that you understand what the term “Lazy” implies in the context of successful people OR as an entrepreneur.
Laziness isn’t the lack of desire to work hard. Rather, it’s a reluctance to work harder than is really necessary.
From personal experience, I can assure you that successful people are Usually the latter, never the former.
A well-known businessman ‘Bill Gates’ once said. ” I always choose a lazy person person to handle a difficult job because a lazy person will discover a simple solution.”
So How can I utilize my Supposed Laziness to get more done as an Entrepreneur?
1. Find ways to get more from yourself
One thing I’ve noticed about the most successful people I know is that they all strive to “exploit” themselves in order to enhance their productivity and the amount of work they can accomplish in an hour.
The majority of successful individuals I know don’t hustle like Gary V.
Instead, they make every effort to get the best out of themselves.
Some people take this to the extreme, imbibing drug and illicit substance mixtures to boost their energy and productivity. You don’t have to go this far, though.
Experiment with different vitamins and nootropics to improve your performance. Sleep for eight hours every night. Every day, train for 30–45 minutes. Determine which diet provides you with the most energy.
The more quickly you can do and complete tasks, the more relaxed you can be and the less you will have to work.
So get to work figuring out how to be more productive so you may reap the benefits of both hard work and a lazy lifestyle.
2. Evaluate your tasks to see what you can assign or automate.
Take stock of all your tasks and ask yourself, “What can I delegate and what can I automate?” This is the first step in using your laziness for success.
Here’s something you won’t learn in school…
Successful people NEVER perform all of their own heavy lifting!
They do more in an hour than most individuals can in a day by utilizing other people’s time and the work of technology. Write down everything you do on a daily basis this week.
I either outsource the rest of my activities or use a program to automate it once a week for weekly tasks or daily for daily tasks.
Automation can be done in a variety of ways, including:
- 1. Automated software.
2. You can delegate and automate labor with business and audit processes.
3. Third-party outsourcing is a method of transferring work to others.
3. In whatever you do, look for the Easiest Path
The second way to make the most of your laziness is to never do more than you can do with less.
“What is the least amount of work I can expend while still achieving my desired result?” is a question you should always ask yourself.
For instance, if you want to grow muscle and reduce fat, you don’t need to go to the gym every day for two hours.
You simply need to lift big weights three times a week for roughly 60 minutes each time.
You don’t need a lot of crazy funnels or a complicated website design if you want to start a new business.
Stop making things more complicated than they need to be.
Your success will soar if you can figure out how to achieve your goal with the least amount of work.
Some Of Student Entrepreneurs’ biggest Difficulties and How to Solve Them
1. Dealing with Criticism
One of the most persistent issues that entrepreneurs encounter is criticism. It could be about their business ideas, small business decision-making mistakes, or even launching a firm in the first place.
You may encounter it more as a new entrepreneur, and you will be continuously cautioned about the different ways your firm can collapse. Because they are jealous of and threatened by you, these critics may become personal.
As a successful businessperson, you must learn to confront them head-on and sort the wheat from the chaff.
Essentially, you must examine legitimate criticism, analyze it, and correct it so that it does not occur again. Set aside harmful comments and “advice” and focus on the true guidance that can help you grow your business.
2. Attracting clients
This is a challenge that every new entrepreneur faces, and the fact that customers want to identify with well-known brands makes it difficult for them to market their items.
New companies, on the other hand, have a significant pricing edge over established brands, as their prices are far lower.
They will not only be able to attract new customers but also keep existing customers who will become loyal to them over time if they provide a high-quality product at a significantly lower price than their competitor.
New entrepreneurs have a tougher difficulty making judgments because they typically associate even little mistakes with the company’s and budget’s impact. Self-doubt also causes individuals to question whether or not the decisions they’ve already made were the proper ones.
It takes time for individuals to learn to make hundreds of judgments a day, big and small, without second-guessing themselves and without succumbing to decision fatigue.
While it will take time and practice to get to that point, individuals can begin by following the 5 steps of the decision-making process when making critical judgments.
These include determining their aim, calculating their options, weighing the implications, making a decision, and evaluating it before giving it a thumbs up.
Financial and cash flow management are two of the most important aspects of any business.
Obtaining initial funding is one of the most important difficulties that all businesses encounter and must address in order to continue.
While you may have some money set aside to start a business, they don’t last long, and you can’t count on the next sales check to pay the bills and take care of the next step in the process.
Small businesses need a consistent flow of revenue to survive, and you should always keep extra cash on hand to cover rainy days and in-between days.
Many entrepreneurs struggle to make ends meet and, at times, do not pay themselves so that their invoices may be paid on time. So, in this case What you can do is improve your financial planning.
What is one way for an entrepreneur to decrease risk?
Creating a business strategy is one technique for an entrepreneur to reduce risk. A business plan can assist in defining a clear vision and objective for their company’s operations.
This will allow an entrepreneur to clearly describe their goals and objectives, which can then be tracked by third parties such as investors on the journey.
Most entrepreneurs will verify their ideas through others to see what they think before going into business for themselves. This helps them in lowering their risk.
As a good entrepreneur, you should lower your risk by conducting research before starting your operation. This makes it easy to find out any positive or negative events that have happened to others in the past, ensuring that you do not repeat the same mistake.
Having a plan can also help you reduce risk because it is much easier for an entrepreneur to spot problems before they get too large and thus be able to handle them more efficiently if they are identified early on.
Of certainly, “successful people who are known for being extremely lazy” exist. Successful people use selective laziness to achieve their goals.
It’s how they manage to get so much done. Prioritization and delegation are important attributes of all successful individuals, therefore being lazy about some things is actually a crucial and critical feature of all successful people.
I’ll always prefer a lazy person to handle a difficult job because a lazy person will discover an easy method to do it.
A quote attributed to Walter Chrysler, the founder of the Chrysler automobile company: “Whenever there is a difficult work to be done, I send it to a lazy man; he will undoubtedly find an easy way to complete it.”
Entrepreneurship is a personality rather than a profession. What you’re asking is if there are any adventure seekers or introverts who are also successful despite their laziness.
The word was coined by Jean Baptiste-Say. Today, we use the term in a variety of ways, but at its core, it refers to someone who is continuously looking for market gaps and moving resources to fill them.
One of the major tenants of this is to work smarter, not harder. Understanding that marketing is the differentiating investment is critical.
What if what some people think of as laziness is actually a type of efficiency.?