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Nov 11, 2016 09:36 AM EST

Want to Start Your Own Company While in College? Here Are Three Things To Consider

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Any student who wants to build a great career can choose to start a business or company while in college. Many businesses, such as Facebook and Snapchat, started in college - and if their founders were able to succeed, many who will try just might succeed as well.

Starting a business in college, however, isn't a walk in the park, says TechCrunch. There are some things that need to be considered, and it takes more than just a dream or an ambition to make it work.

For those who desire to start their own business or company in college, here are three things to think about and consider.

1. It will take a lot of focus and work

Founding your own company in college needs more than just a dream or an idea. It takes work and focus, and will eat up tons of your time and effort.

2. You'll need to carefully choose who your partners will be

Choosing the right co-founder for your company is very important. They will share ideas and work on things that you otherwise cannot do on your own. Choose wisely, as you'll be working with them most of the time.

Your choice of a co-founder is "more important than your product, market and investors," AngelList co-founder Naval Ravikant told TC.

Choosing the right mentor will greatly help as well. Find someone who has the experience, one whom you greatly respect and will allow to teach you things that he has already learned.

3. You need take advantage of the available resources today

College gives a vast amount of resources available for the young entrepreneur's disposal. Professors, student organizations, and peers can all give help and wisdom for your plans, while other benefits such can be received from other sources such as school libraries, scholarships, funds, and grants.

Don't worry about failures, though. Failure isn't a reason for you to not try at all. Success just might be yours if you try.

"If you focus on the risks, they'll multiply in your mind and eventually paralyze you. You want to focus on the task, instead, on doing what needs to be done," said Barry Eisler, a startup executive in Silicon Valley.

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