cft

5 Ways Graduates Can Learn About Business (Before Starting Their Own)

Fresh graduates are likely to face problems when they try to enter the job market, especially if they wish to start their own business. The conventional route after business school for most graduates is to look for a job at any big corporate firm, and then use that exposure and experience to either upgrade their current allocation at the company or look for a better job elsewhere.


user

Felix Yim

3 years ago | 3 min read

Fresh graduates are likely to face problems when they try to enter the job market, especially if they wish to start their own business. The conventional route after business school for most graduates is to look for a job at any big corporate firm, and then use that exposure and experience to either upgrade their current allocation at the company or look for a better job elsewhere.

For aspiring business owners, confining themselves to the shackles of corporate chains is not the desired path. Nevertheless, this route is also one that helps graduates learn about the depths and subtle nuances of running a business. A job also provides them information on business operations and systematic procedures.

This does not mean that every graduate that is looking to start their own business should also be looking forward to jobs. Jobs are long-term commitments, and exhausting work, unfavorable for a graduate. They must then seek other opportunities that can give them the exposure and learning experience that more or less replicates to doing a job.

Information on different businesses, their functionalities, and the market trends are crucial pieces of data that startups use as a foundation to build their enterprise from scratch. So, where can you get the same level of information and exposure? Read further to find out.

Internships

Internships are the closest that you can get to a job. Hence, new graduates should apply for internships, whether paid or unpaid. Internships open you to an abundance of corporate knowledge. They give you a glance into any specific industry and show you how things work from top to bottom.

Not to mention, they also provide you with the necessary experience that you can use to start your business. An internship also provides you the opportunity to develop your skills, whether it is communication, teamwork, or critical decision-making.

Ultimately, an internship encompasses all the necessary platforms where a graduate can sharpen their skills and acquire the knowledge for a startup.

Volunteering

Volunteer work, much like an internship, has the same set of benefits for a graduate. In fact, in many cases, it is the best way to get the necessary credentials and experience that will help you get an internship. However, you cannot deem volunteering and internships as two sides of the same coin.

Instead, volunteering can be more challenging than an internship. In an internship, you will get to learn more and have very few practical applications. On the other hand, in volunteer work, you will get to experience a higher intensity of practical work, giving you the essential experience for your startup.

Networking

There may be no better to learn about a specific business industry than networking. Communication and building relationships are key if a graduate is looking to start their own business. Networking has countless benefits in any industry. Startup founders that have better networking with the people in the specific industry have an edge over other businesses.

With strong networking, business owners can have access to some of the pivotal changes in the market trends before they start to take hold. Moreover, reputation in the industry is everything for the profitability of a business, and networking helps with making your business more reputable.

Freelancing

Freelancing can allow graduates the experience some important aspects of a successful business. These include the experience of dealing with clients and managing to meet their deadlines. The easiest way to get started in freelancing is to utilize your existing skills in your spare time. For example, if you work as a repair technician as your full time job, there’s nothing stopping you from taking on additional work, such as taking on Macbook repair jobs on the weekends.

Join a startup

Most graduates dream of joining a renowned company as salaried employees right after they graduate. However, the ones that have bigger plans end up settling for startups and smaller companies for much less.

Working at a startup can help you learn way more than a big company, and also, in much less time. This is mostly because you will have to deal with a greater set of responsibilities at a startup. After all, most of them do not have a large workforce.

Furthermore, since startups and small businesses have lesser employees, graduates can experience a greater level of transparency and communication with the upper management. This way, they have more exposure to the framework of the business. Graduates can, therefore, use this exposure to construct the roadmap for their startup in the future.

Final thoughts

The above-mentioned ways some options that graduates can learn about the practicality of doing a business. The value of practical and hands-on experiences is unmatched by anything that you can learn from a book.

Upvote


user
Created by

Felix Yim

Felix is the co-founder of GrowthBoost, the destination for business owners and marketers to find great software. He also consults with SaaS businesses on how to leverage organic traffic to grow online.


people
Post

Upvote

Downvote

Comment

Bookmark

Share


Related Articles