At Founders Workbench, we talk to a lot of entrepreneurs who have plans to start their own business. Many of these are “career entrepreneurs” with experience that can involve several start-up ventures. Undergraduate entrepreneurs may not have the same familiarity with the necessary steps required to make the appropriate legal arrangements and explore available finance options.
Like any start-up founders, undergraduate entrepreneurs want to spend their valuable time on their top business priority: building their product. By providing the following five pieces of advice, we hope we can reduce the amount of time they spend addressing legal and organizational obstacles in a straight-forward, accurate and professional way.