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| | #1 |
| Warrior Member Join Date: Feb 2011
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Since I want to start a business so i can drop out of college and live the life I want to live (4hww inspired ambition) what would you say if I made a guide to show exactly how to do that? business creation, utilizing the college network, can't get any niche than that right? what're your thoughts? all feedback/criticism appreciated! Thanks Patrick |
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| | #2 |
| Marketer n' Copywriter War Room Member Join Date: Oct 2010 Location: Pennsylvania
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Hi Patrick, A college education is a sad thing to lose... I vote for sticking it out. But, if you still want to go down that path: Be warned- the college scene is not known for its generous spending (unless it's on beer and what not)I like your out of the box thinking though when it comes to documenting and showing your business creation process... what business are you proposing to create curiously? -Danielle |
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| | #3 |
| Advanced Warrior War Room Member Join Date: Mar 2010 Location: Trinity, FL
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Stay in college and work on the business while you're in college.
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| | #4 |
| HyperActive Warrior War Room Member Join Date: Jan 2011 Location: NJ
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I think that dropping out of school is a personal choice. Consider carefully what the effect is on your future. Before doing that, see what options are out there in the career path you want (medical, legal, etc.) and see how you can combine your college education with a business of your own. You may never need that college degree, but you will learn so much in college AND have a huge, dynamic network of like-minded individuals who can help you grow whatever you pursue in the future. Best of luck to you in whatever YOU choose! |
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| | #5 |
| Wordpress Guy War Room Member Join Date: Feb 2011
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If you haven't actually lived that life, how can you make a guide on it? I'm sorry I just DON'T get it. I don't want to sound discouraging, but I think that's a little unrealistic. Sure if you have a great deal of knowledge on the matter, maybe you could write a great deal on it. But there'll always be something missing - experience - and your readers will find that out. Why don't you try implementing what you're going to write about first; if it's a success, create the guide. But oh well, that's just me. Good luck! |
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| | #6 |
| Warrior Member Join Date: Feb 2011
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lol yeah, i probably will, but i'm going to NYU and I just want to be able to pay this off without selling knives for the rest of my life. I'm a public health major and it's definitely not gonna pay for my student loan. I find the problem with most aspiring college entrepreneurs is that they don't test out the market and attempt to create the demand, they just run with an idea that they think will work. So maybe niche-ing it down to running tests for market potential, strictly for online businesses (probably tech) and not just telling people to "like" my facebook business page (which I've been guilty of) lol. I'm also trying to start a clothing line and i'm planning on marketing mostly offline to the NYU community, and creating local buzz. I may just run with this idea though. I'm gonna ask for some feedback from some colleagues (all mostly social entrepreneurs) and check how receptive they are to my ideas. What do you guys think? Is my thinking flawed, or am I missing something? Do I need to go deeper? Thanks again! Cheers, Patrick |
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| | #7 |
| HyperActive Warrior War Room Member Join Date: May 2010 Location: Dallas, TX
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I would stay in school. In case it doesnt work out that you "live the life." You want to have a plan B. You can do school and build a business. Reading that book has also changed the way I live. You need to save up money, and have money to fall back on for sure. Also HAVE A PLAN and a MENTOR, to help you. You will quickly find out that having a lot of extra time on your hands, can be a double edged sword. Good luck!
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| | #8 |
| Advanced Warrior War Room Member Join Date: Sep 2010
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Shoot for the stars and get out of the overblown employee training system otherwise known as formal education while you can. It blunts your creativity and kills your ambition. Just look around you at people with jobs who went down that route. Do they look rich? Do they look happy? Hmmm. This world doesn't need any more morons in pointless jobs preaching to other morons about pointless jobs. Walk into the college admin office and tell them you're leaving that life ruining place and you're gonna become a millionaire. Then close the door on your way out and get to work. Good luck. |
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| | #9 |
| Senior Warrior Member War Room Member Join Date: Jan 2011 Location: In your PC
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| Top advice. Stick it out mate. You need a backup plan and since you have already gone to the effort to start studying it would be a real waste to drop out. Work on your business in your free time, and hopefully it will take off, but if it doesn't, at least you will have other options. Just my thoughts...
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| | #10 |
| Advanced Warrior Join Date: Oct 2010 Location: Earth not Mars/Moon
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Hey man I am also an undergraduate student and making a good money for my living besides my studies.So concentrate more on your studies and this will help you to make more money in future.
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| | #11 |
| Senior Warrior Member War Room Member Join Date: Sep 2004 Location: Gulf Coast, USA.
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What a limited mindset. I agree with the OP's idea of creating income to help pay for tuition. I think student loans will be a real crisis in years to come for many who are in school today. I don't think leaving school is the answer to "living the life I want". School should be preparation for the life you want to live. But - I don't see how you can tell someone how to do something you've never done. "Watch me while I do this" isn't a valid way to go about it as most people like to learn from someone with real life experience on a topic. I do think you could create income online in your spare time to help subsidize costs of tuition - but would advise you to follow more standard IM methods of creating an income. I would never advise someone to leave school - but I would say to maximize your schooling. Some areas of public health pay more than others so position yourself wisely in the classes you take. |
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| | #12 |
| Banned Join Date: Jul 2010 Location: Where I sleep
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if I was you I would go to Tim Ferris blog and say, "Tim I read your 4hww book and it inspired me to drop out of college. Now I am thinking of starting this business(describe business idea), what do you think?" see what comments you receive then,lol. I think you should look into hosting parties, &, doing CPA on campus. Just an opinion. You can try it. I would if I was young in college. Good LUck P.S. Stay in school unless you are certain college either isn't for you,(hence:your grades suck), you are 100% certain your plan is detailed, viable, and, doable,(or, you can make a fulltime income without college in shark infested NYC). |
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| | #13 |
| HyperActive Warrior Join Date: Oct 2010 Location: Michigan, (USA)
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It's a good idea if you ask me. Especially if you're making it so that anyone can follow it no matter which niche they choose to get in.
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| | #14 |
| HyperActive Warrior Join Date: Jan 2011 Location: United States
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I am currently in college as well and doing internet marketing. I had the "dropping out" idea too on my freshman year to pursue internet marketing. But somewhere along the line, I got a reality check. Internet marketing is NOT easy. Unless you've been making a full time income for over 2 years, make college your priority, if possible. Staying in college is probably the best decision I've made. In fact, I've used so many things I learned there that helped me with internet marketing. Anyway, about your idea... I don't get it. You want to write a guide on how to start a business without a college education, right? How are you going to do that without accomplishing what you're teaching?? This whole thing doesn't make any sense to me...Stay in college bro |
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| | #15 |
| Marketer n' Copywriter War Room Member Join Date: Oct 2010 Location: Pennsylvania
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I know you guys are ragging on him for wanting to document his process - but honestly, I still think it's a good idea (or at least a good "part of an idea") Now... he most likely won't make money on it right away, but if he does something novel- and it works - he could use it as proof to back up an actual business model he develops later. Okay okay, that's a lot of "if"s but I like rooting for the underdog.If you're hurting for cash though OP, they're right. It's probably not the way to go =/ and dropping out of college is an even worse plan. Having a degree opens many doors. |
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| | #16 |
| Nitrous in Sixth War Room Member Join Date: Mar 2011 Location: Columbus, OH
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Stay in school, but take classes to help your IM career. Unless you really like German, for example.
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Christian
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| | #17 |
| HyperActive Warrior War Room Member Join Date: Jul 2010 Location: NC, USA
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The fact that you're considering dropping out of college is the very reason you need to stay in college. You haven't had enough life experiences yet to know what the heck you're doing. You made a 4 year commitment to school, now you're bailing out. Who's to say you won't bail on this new idea if it doesn't go well? Then where will that leave you? If you quit college, you can bet at some point you will regret it. Take it from me. My wife and I both went back to college in our 30's after being too smart for our own good and thinking we knew better. All it takes it a few crappy jobs and you'll be at the registrar begging to get back in. If Mom and Dad are picking up the tab now, stay in there. It's much harder to go back later when Mom and Dad aren't paying the bills for you. Work your business while you're in there. Figure out what works. Have a Plan B, Plan C, Plan D. You can always fall back on your education. If your major sucks, then switch majors. Even if you're struggling with grades. Follow through with it. Guess what they call a medical student that barely passed all his classes? A doctor! Of course, you're going to do what you want because we really only learn from our mistakes. Taking some guy's random advice on a forum will never be of any value if you never know what not taking it cost you. |
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| | #18 | |
| Wordpress Guy War Room Member Join Date: Feb 2011
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The truth is no one here or anywhere else really know what you have in mind. They'll give you all kinds of advice. But in the end, it all comes down to you - what would be your advice? And in the end, if it's really what you want, you'll stick to it even if everyone advises you otherwise. My suggestion - if it seems doable, do it. You're not dropping out just yet anyway. If it's a mistake, you'll learn from it. If it's a success, scale it up; then drop out of college if you must. Sure, college education is great and all. But it's useless if your heart is set on something else. I am an engineer working for a reputed firm, graduated from a reputed institute. I gave my resignation 17 days ago. I'll be doing IM full-time now. My engineering education? A complete waste! Again, that's just me. I'll never advise anyone to drop out of college, not even Bill Gates. ![]() Good luck! | |
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| | #19 |
| Passionated Im'er Join Date: Sep 2010 Location: where the money is.
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Stick it out...or you will regret. im in the exact same situation. Get your degree whatever happens! When you are gonna hit the 30's , sometimes your im business might not work and you will have a hard time finding a goob job without a degree!
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| | #20 |
| HyperActive Warrior War Room Member Join Date: May 2010 Location: Sunny southern California
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You've already got the debt from the loans, you might as well get the diploma out of the deal. Stick it out and work on your business while you are finishing school. Make it your goal that you don't have to find a real job after college.
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| | #21 |
| Warrior Member Join Date: Feb 2011
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Thanks everyone. I really appreciate the feedback. It's really opened my eyes to things that I have yet to consider. Obviously though I'm not just going to drop out and wander around finding ideas. I just know the corporate world and working for someone else just isn't for me. i'll probably just keep my eyes open to what is needed around the student groups (since they're funded by NYU, they have a budget) and it can be a little pet project. well..that's an example, but yeah, keeping my eyes open ![]() Patrick |
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| | #22 |
| Senior Warrior Member War Room Member Join Date: Sep 2004 Location: Gulf Coast, USA.
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Good choice - while you are keeping your eyes open, remember to keep an eye out for online opportunities in your chosen field of study. A good education in public health could be a great online asset if you find the right hook or angle. |
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| | #23 |
| Warrior Member Join Date: Feb 2011
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while public health is something i like. i'm not too interested in starting something in regards to public health. I may just switch majors to the Gallatin individualized program and take classes that I enjoy/are useful to me. Plus, Gallatin has a huge budding social entrepreneurship community, so i'm sure i could take on a few projects for internet marketing and get some experience under my belt Cheers!Patrick |
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| | #24 |
| HyperActive Warrior Join Date: Feb 2011
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You may not like working for someone else, but it is a necessary evil in my view for several years if you want to run your own business. Where else are you going to get the skills and knowledge to run a business that supports you well? Those that quit college and have no work experience and become highly successful are so few it's not even worth talking about. Successful business people have built specialized skills over years working for others and building contacts before hanging their own shingle. Oh sure there are the few exceptions, but they prove the rule in this case. |
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| | #25 |
| Maker of Monsters Join Date: Mar 2011 Location: Brooklyn, NY
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I can't reply as a successful IM as I am currently going through all the learning pains, and have yet to earn my first $, but as far as college goes and what you should do well......college is not for everyone. I dropped out myself way back in 1980 and have yet to regret it. I actually ended up going back for 1 1/2 years at NYU for film and television (in 1983). At least I re-entered that world with SOME idea of what I was even doing there. Like you, I couldn't accept the life of groveling at college (and handing over BIG amounts of money to them) for a diploma that "they" declare" I have earned by "their" standards so I could then go work for someone else again. I really had NO IDEA what I was doing there. I went because everyone said that is what you are supposed to do. Having said that though I think college is a MUST for certain professions. Medical, dentistry, law etc....not so much for some other professions though. Forcing EVERYONE into the college mold would be like me (as a fitness trainer) trying to force everyone into a one size fits all sort of program, and that's a recipe for disaster more often than not. I know if I had stayed at that first college I would have felt like putting a gun in my mouth and blowing my brains out. I HAD to get out of there! I am now stepping off my self appointed soapbox......back to reality. I think you need to get a much clearer concept of what it is you want to present and do. There has been some great advice in the replies to your questions. Stay in school for now and work on your IM on the side. Don't throw the baby out with the bathwater quite yet. Keep asking yourself questions, and listen for those very first answers that pop into your head before you can even stop them. That may tell you a lot about what direction you REALLY desire to go in. Ok...enough blabbing from me. Believe it or not it's also my FIRST post on this board!!! Robert |
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| | #26 | |
| Senior Warrior Member War Room Member Join Date: Jan 2003 Location: , , USA.
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There are LOTS of books, etc... promising to show you EXACTLY how to do it. I read a couple of those too. Steve | |
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| | #27 |
| Warrior Member Join Date: Feb 2011
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canuckystan - unless i work for a start up and work closely with the owners, I can't see why working for someone would legitimately help me start something. i'm not saying it's bad, but it takes a completely different skill set to own and run a business than to work for one. and i'm afraid i'll get comfortable with the paycheck, which i know is also very susceptible for most people. I'd much rather fail early and often, while in college and while i'm still young, than work first and regret not doing it later. thanks for your input though, i really do appreciate it ![]() seasoned - yeah aha i'm just spitting things out there, i see your points, that idea is also way too vague and not specialized. i'm still figuring out where I want to specialize, but perhaps product launches. so yeah, i'm just gonna tag along my friends product launch/marketing campaign, and see what comes out of it, whether or not i enjoy that work and it's something that I can be super good at. |
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| | #28 | |
| Maker of Monsters Join Date: Mar 2011 Location: Brooklyn, NY
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I want to wish you best of luck. You sound like you have at least a starting point. More than I can say for many. Robert | |
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| | #29 | |
| HyperActive Warrior War Room Member Join Date: Feb 2011 Location: central Florida
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| | #30 |
| Super HyperActive Warrior War Room Member Join Date: Sep 2010 Location: Quebec, Canada
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No matter what you choice to do, make a plan and STICK to your plan like hell. Adjust but don't leave it. Believing in yourself is going to be your biggest issue.
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Benoit Tremblay
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| | #31 | |
| Warrior Member Join Date: Feb 2011
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PeaceeeCheers, Patrick | |
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| | #32 |
| HyperActive Warrior Join Date: Oct 2008 Location: Oswego, NY
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Dear Patrick, People always talk about a "College Education" but seem to forget to mention the "College Experience." For some, it is the experience of life during those college years that is more valuable than the education. Although it can be true that you may not "need" a college education to be successful later in life, you will be depriving yourself of the experience. Fast-Forward your life twenty years. You are now an amazingly successful business man. You interact and socialize with your peers. The subject comes up about their college days - frats and football, beer, professors they loved/disliked, campus events, girls, spring break, etc. How will you feel? Will you feel like you have nothing to add to the conversation? Will you feel awkward and left out? You may be fine with this, or it may bug you. This is your decision, and your life. I am just suggesting you think it through. Life changes many times over between now and old age. Your future may not unfold as you imagine it will today. But a college education is yours to keep. |
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| | #33 |
| Warrior Member Join Date: Apr 2011
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No matter what, stay in the college. And if you can manage, work on the idea concurrently
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| | #34 | |
| HyperActive Warrior Join Date: Feb 2011
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Here's the thing. What IS entrepreneurship? Having run my own business for 7 years I can tell you it is: - Sales and Marketing - Accounting and Bookkeeping - Management of People - Corporate Planning - Product Development and Finance You are responsible for all the above. If you NEVER work for anyone in any of the above categories, you are really starting from ZERO and you will have an uphill battle. That is why most businesses fail within a few years, because the owner is always playing catch up in each area, which are pretty universal to all businesses. A lot of would-be entrepreneurs think of "working for themselves" and forget the day-to-day grind of work that is what's really required for success. As others have said, get the College education. I say work in the private sector and get some skills because working for yourself is hard work and you want as much of a headstart as you can. Quote:
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| | #35 | |
| HyperActive Warrior War Room Member Join Date: Feb 2011 Location: central Florida
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![]() We entreprenuers aren't stuck on stupid about "either/or" but naturally gravitate toward "both, damn it!" | |
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| | #36 |
| Warrior Member Join Date: Jan 2011 Location: Parallel Universe :)
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Please stay in college and finish your education. You never know when that degree will come in handy...
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| | #37 |
| Nagus War Room Member Join Date: Nov 2010
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PDOM: If you are really interested in this business, then stay in school and change your major to a double major in marketing and psychology, with an emphasis on buyer psychology. Take a few classes in accounting and small business management while you are at it. You will learn what you need to know a lot faster in the classroom than you will by clicking a mouse, or by being ripped off by customers out in the real world. The simple fact and sad truth is, EVERYBODY wants to get rich on the web by teaching other people how to get rich on the web. In order to have any credibility, you have to actually get rich on the web first, preferably by some method other than teaching others how to get rich on the web. If you really want to drop out of school and try this, go ahead. But be warned -- you are going to be broke for a long time before you come up with something that generates actual income. We know this because we have all been there. |
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| | #38 | |
| Albert Grande War Room Member Join Date: Mar 2006 Location: Honolulu, Hawaii, USA.
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Re-read some of the responses, here. Having your own business and going to college are not mutually exclusive. You can certainly do both while you are attending college. Dropping out of school will set a very bad precedent for your own life's path. You obviously made a commitment when you enrolled in college...and that commitment was to finish. You didn't take a class or 2, you decided to go into college..and complete it. Now you are being distracted by something else that you think will be better for you. My advice: bite the bullet and fulfill your original commitment to complete college. A college degree is something that cannot be taken away from you. Plus the relationships and connections you make with people will be with you your entire life. IMHO. And the best advice you got is from MandoThrasher: Quote:
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| What You Think Becomes Reality: Your Thoughts Control Your Destiny: Free Audio of As A Man Thinketh | ||
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| | #39 |
| Warrior Member Join Date: Mar 2011
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I say stay in school. (I wish I had) You have an entire life in front of you to live your dreams.
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| | #40 | |
| The Automation Authority War Room Member Join Date: Aug 2008 Location: Montana Mountains!
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Rob | |
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| | #41 | |
| Matthew Shane Roe War Room Member Join Date: Oct 2009 Location: Oklahoma
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Write a guide on how to throw the best college parties? Write a guide on how to market those parties so the ones throwing them can actually profit (advertising and marketing.. Setting up a facebook page or twitter page for updates, etc..) Could be a hit for college students... Maybe... lol | |
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| | #42 | |||
| The Automation Authority War Room Member Join Date: Aug 2008 Location: Montana Mountains!
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Yeah - it's really REALLY difficult to make time when you're spending 10k to 30k a year on something and that also takes up 60 hours of your life. Quote:
Perhaps his parents basically forced him. That was my situation. You know the pressure you feel at 18 from just about everyone to make a 10k to 30k a year buying decision? If you don't do it - you're a bum, lazy, disappointment. And at 18, a lot of kids don't have the screw you, "I don't care what you think about me" to get through it. And if you do have that attitude, you are a rebellious ingrate. Also, last I checked, you can't just "test college" out. Most want you to sign up full time and if don't sign up full time, forget getting financial help. Also, if you decide to put it off a few years to try it out later, same situation - little college financial help. Quote:
And yes - I'm almost 30 Years old and I don't regret for a second dropping out of school. I know quite a few "young and successful" college grad's who are now corporate slaves. I make 3 times more than they do and am currently sitting on my butt in my boxers typing this message. Funny that they come to me from time to time and ask how they can do the same - but yet they can't ever get it done because they utterly depend on someone telling them what to do - when to do it. OP - don't let anyone tell you what you can or can't do. If college is the thing for you - then by all means do it. If it will make you happy, and it will truly help you, then do it. If it makes you miserable, if you are doing it for others instead of yourself, and if you truly believe quitting and going full steam into your own business - the by God - do it and hold your head up proud. Don't let anyone tell you what you can or can't do. Period. Rob | |||
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| | #43 |
| HyperActive Warrior Join Date: Dec 2010
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Stay in school if you want to have a mediocre job, pay off student loans till your 30, and get your boss rich. I suggest getting a job and working on your own business in the meantime. |
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| | #44 |
| Senior Warrior Member War Room Member Join Date: May 2010
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FWIW, I make more money now than I'd make in several years if I was to use my degree. I also work about the same amount of hours, the only difference is I love what I do now and I don't have to be told whether or not I can take a day off, when I have to take a lunch, etc. Only you know yourself and your work ethic. If you're willing to put in the time to educate yourself and put your learnings into action, I think you'll be just fine. |
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| | #45 |
| HyperActive Warrior War Room Member Join Date: Nov 2008
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Pdom, Good luck to you! I'm happy you discovered internet marketing at such a young age. I was 30 when I realized that being a robot worker sucks (and to be like that for 40 more years just made me sick!) I wish I knew about IM in my college days. I'm turning 34 soon so hopefully it isn't too late for me to make it up. Need to pay off all my stupid debts (mortgage, college loan and other stupid bills). |
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| | #46 | |
| Marketer n' Copywriter War Room Member Join Date: Oct 2010 Location: Pennsylvania
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Lol I had a visual of some college guys in a party scene stop and think to themselves "hmmm. maybe I can profit by selling some ping pong balls at Bill's next party...")Unfortunately though, many of those college students aren't thinking of profits. Now, if you had a guide on how to get their degree without ever setting foot in class... or offered a "Party" BA, you might get some takers | |
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| | #47 |
| No excuses - Just do it War Room Member Join Date: Mar 2009 Location: Sydney
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| Bring the Donuts - Learn Internet marketing & online business without all the hype and BS. Business Kits for Freelance SEO consultants and Web Designers | |
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| | #48 |
| Active Warrior Join Date: Dec 2010
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dropping out of college is a no no dear, just work on your biz, but dont drop out..that i can tell you.
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| | #49 |
| Senior Warrior Member War Room Member Join Date: Dec 2010
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With internet marketing, you are never guaranteed a solid income. If you're going to college, stay in it and finish it. What if your business goes sour? There are no back-ups. It's always a good idea to be prepared for the unexpected. |
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| | #50 | |
| Senior Warrior Member War Room Member Join Date: Apr 2007 Location: Denton, TX, USA
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