Why Starting A Business While Studying Is A Good Idea Posted on Thursday 02 February 2012 at 12:40PM by trrpaipai

Jacky Yapp is the lead founder of Lunchsparks, a networking platform that allows you to meet with awesome and cool people in Singapore, making great contacts for your career. He founded this platform while he was still in college and now he shares his pearls of wisdom on the why's and do's of such an initiative.

Many people wonder when is it a good time to startup, and when I ask around, usually most of those around me (I am currently based in Singapore and spent a year in Shanghai, grew up in Brunei and Malaysia) would say, to first graduate from college, get a job, earn some money, get some contacts and expand your network, and then you are all set to start building your startup. For me, I think the best time to start is during college/university, which is what I am doing right now.

A little background of myself, I am currently in my final year in the National University of Singapore, and I had the chance to be based in Shanghai for a year last year and when I came back, I gathered my cofounders and we started working on our current startup idea. The beauty of entrepreneurship is that extra step you take out of your comfort zone, that will to do something different with your life, having an impact on the people around you, and that extra courage you need to face the possible criticism and possible failure.

And speaking of failure, what better time there is for one to fail during college and start all over again? We all know that out of 10 startups out there, 9 fails. So if your startup venture failed in university, it is easier to stand back up, and the experiences that you gained is invaluable in making you a better person, and in preparing you for the world. I have been working for 4 months on my current startup right now and I have been meeting a lot of awesome people along the way, who gave me great advices, who pointed me in the correct direction as well as those that criticized my idea, and I loved all of them.

Other than that, you also get to experience things that your peers don’t experience such as negotiating with investors, making hard decisions, team expansions, product marketing or even public speaking to sell your idea. For myself, I experienced 2 interesting incidents whereby I received a warning email from an anonymous who essentially warns me of my startup idea and that it is a knockoff of another similar website, and another incident (well not actually incident) whereby a software engineer saw what we were doing and wanted to join us. He sent in his really impressive resume to me but we were not hiring at that point of time, putting me at the other side of the table during the interview.

Had I not started working on what I am working now, I wouldn’t have had the chance to experience all these if I were to get by my university life as a normal student. So to all aspiring entrepreneurs in college today, if you have that one million dollar idea right now, start doing something about it today! There will never be the exact right date to start founding a company, but if you have to, that day is today. Ideas are worth nothing, for it is the execution that matters.

“Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma – which is living with the results of other people’s thinking. Don’t let the noise of other’s opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.”              – Steve Jobs

Photo from: http://bit.ly/z1SNbP