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Campus CEO: The Student Entrepreneur's Guide to Launching a by Randal Pinkett

By Randal Pinkett

Each year, millions of scholars within the U.S. input collage absolutely clueless as to their collection of an important, or even much less convinced approximately what they're going to do with the remainder of their lives. yet for progressively more scholars, the monetary pressures of school are way more taxing than the educational rigors of campus existence. hence, many scholars count seriously on monetary relief, loans, part-time jobs, strict budgets, and no matter what cash their mom and dad can manage to pay for to ship them. Many scholars take dead-end jobs without relevance to their collage courses, whereas others even paintings on a full-time basis—sacrificing grades for dollars—and unwittingly environment themselves as much as develop into collage drop-outs. notwithstanding, scholars don’t need to endure via a penniless university life, nor needs to they wait till after commencement to discover a occupation and generate profits. in its place, they could make cash via launching their very own companies whereas on campus, benefiting from the interval of their lives within which any variety of once-in-a-lifetime perks and assets are on hand to them. The Campus CEO walks any would-be entrepreneur via the entire worthwhile steps to launching a ecocnomic, campus-based company, whereas concurrently reaching educational luck. despite significant, historical past, or niche, readers of The Campus CEO will easy methods to flip their educational desires into truth. positive factors: how you can improve a winning marketing strategy, safe investment, continue a fit stability among paintings and college, and deal with a winning exercise How and the place to discover the numerous perks hidden away on university campuses find out how to in attaining either entrepreneurial and educational good fortune

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Additional info for Campus CEO: The Student Entrepreneur's Guide to Launching a Multi-Million-Dollar Business

Sample text

1, which speak to your interests, goals, capacity, and evaluation of different ideas. I’ll walk you through each step but keep in mind that while the steps are presented sequentially, it is best to think of them as part of an iterative process. 1 Choosing a Business Idea ou r sy ite T? S E ER 1 W ha t G r ou ey ar LS? A O W ha t IN i T gn 4 2 your sy o ITY ur ? A LU EVA & t as i de he TE ma rk et 3 ti ha AC W P CA tive business ideas and, based on these considerations, evaluate your ability to pursue them.

We left that meeting feeling like we’d won the lottery! We immediately enlisted the help of three additional students, Lawrence Hibbert, Dallas Grundy, and Shawn Wallace. Lawrence and Dallas would become partners in the company shortly thereafter, while Shawn maintained a long-standing relationship working with us. The experience also convinced us to change the name of the company to MBS Educational Services & Training. Music retailing on a campus was one thing. But the educational seminar business looked far more promising—and it was.

We began by hunting down music distributors (called “One Stops”) in the northeast part of the country. indb 24 11/27/06 1:50:42 PM What Business Should You Launch—And When? 25 and found two: Universal One Stop in Philadelphia, Pennsylvania, and Northeast One Stop in Latham, New York. After we registered our business with the New Jersey Division of Revenue, we got our tax identification number and our sales tax certificate. With those documents in hand, we were authorized to order wholesale music product.

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