As the economy continues to suck, more and more college students are turning to entrepreneurship to provide extra income and offset mounting tuition debt. Max Raskin in Bloomberg Businessweek reports:
Inspired by Mark Zuckerberg, who founded Facebook as a sophomore at Harvard University, in Cambridge, Mass., and stymied by the shortage of jobs in the recession, college students are launching businesses before they graduate. They’re entering industries that previously required large investments, thanks to websites that offer help with manufacturing, inventory management, and accounting, says Dane Stangler, a project manager with the Kauffman Foundation, a Kansas City (Mo.) nonprofit organization that promotes entrepreneurship….
“If you start a company tomorrow, you can be global your first day,” Stangler says. “You can have international suppliers, you can have international customers. Just compared with a decade ago, it’s unbelievable how fast barriers to entry have fallen to starting a business from your dorm room.”