Should more students become entrepreneurs?

Should more students become entrepreneurs?

How many times were you told to focus on one thing only because doing more than one at a time is not sustainable?

Probably many times since you were a child. 

However, most entrepreneurs would beg to differ since they have different sources of income, therefore, several things to juggle at the same time.

Whether you are a Baby Boomer, a Gen X-er, a Millennial, or a Gen Z-er, the truth is that we are all part of a collective where the mere fact of being alive is ridiculously expensive.

Take Toronto as an example; in 2020, the monthly costs of a single person are around $1,200 without rent.

Renting a one-bedroom apartment in the city centre today is $2,150.

Now, imagine you are a recent grad. On top of having to cover that, now you also have to start paying the debt you collected in order to be able to complete your education.

Tell me, who can focus on one thing when you can barely make ends meet, or when you cannot make ends meet at all?

It’s like we are somehow being “forced” to become entrepreneurs, and maybe that’s a good thing!

Every semester, from day one, I open the space to discuss entrepreneurship as a career option with my students and gauge their interest so that I can connect the ones who are willing to explore this avenue, with folks at the college that can support them and guide them in the matter.

I’m fully aware that most students go to college with no intention of considering entrepreneurship as an option but depending on the classes they take, the people they meet, and the problems they start solving, they can ignite an interest in growing their own initiatives. 

In a context like Canada where so many cultures coexist and where so many international students are sharing spaces with local ones, I see untapped potential for the development of projects with global outreach.

Imagine if, from the beginning of their educational journey, they get together, think about an idea to develop, and join forces to bring it to reality with the help of the available resources at their institution.

Imagine if they work on it and play with it to perfect it by using the skills they are acquiring.

Imagine the most vulnerable students, the ones who face mental health challenges, dealing with the stigma by having the option of being their own bosses and inspiring others who are in their shoes.

Imagine if students identify a pain point in our society, and by the end of their program, they have an incredible product or service that solves it and that is ready for launch.

Wouldn’t that be beautiful?

It’s not about teaching students how to be entrepreneurs, but more about providing spaces and support, and giving them exposure to successful entrepreneurs who can share their journey with them.

Is it viable to rely solely on a 9-5 job for your entire life, especially when the cost of living is so high like I mentioned above?

When it comes to job search we know that it is not a good idea to put all your eggs in one basket. 

Should we apply the same concept to our own lives so we don’t depend only on one revenue stream?

Written by David Mendoza for Orbit 5


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