Now, here are five quick tips for creating a successful college business:
1. Innovation is good but it can also be overrated. Don’t feel like you have to come up with the next Dell, Facebook, Microsoft or Google to launch. You can start a simple business that generates a profit. And that’s the main idea.
2. Pick an idea that has an immediate and obvious customer base that needs or strongly wants what you plan to sell.
3. After the initial $200, or whatever you spend for startup, don’t put any more outside money into the business. That’s your test for whether you’re succeeding. The business needs to pay for itself and pay you so, once you start, the business should generate enough for you to reinvest into the business for a few months or the first year and then begin to pay yourself. Read complete list and stories at Black Enterprise