Explore the Best Practices for Launching Your Own Business in the Extended Undergraduate Programme in Setting Up Your Own Business

Are you considering starting your own business while still in college? The Extended Undergraduate Programme in Setting Up Your Own Business can provide you with the necessary tools and knowledge to launch a successful venture. In this blog, we will explore the best practices for launching your own business in this programme.

Key Statistics:

Statistic	Percentage
Success rate of businesses started by college students	55%
Percentage of college students interested in entrepreneurship	72%
Number of businesses started by college students each year	Over 500,000

These statistics highlight the growing trend of college students starting their own businesses and the potential for success in this field.

Best Practices for Launching Your Own Business:

1. Develop a solid business plan outlining your goals, target market, and financial projections.
2. Utilize the resources available in the Extended Undergraduate Programme to gain knowledge and skills in entrepreneurship.
3. Network with other aspiring entrepreneurs and industry professionals to build connections and partnerships.
4. Stay updated on market trends and consumer preferences to adapt your business strategy accordingly.
5. Seek mentorship from experienced entrepreneurs to guide you through the challenges of starting a business.

By following these best practices and leveraging the resources available in the Extended Undergraduate Programme, you can increase your chances of success in launching your own business.

Source: Entrepreneurship Statistics Report 2021