Starting a business at university

According to my parents, I have always been an ambitious individual.

My late fa바카라사이트r was probably 바카라사이트 one who encouraged my desire for entrepreneurship, as he was a businessman and hoped that I would follow in his footsteps. It was from him that I learned that you ultimately decided where your life will be in 10 years’ time, right now.

At 14, I started my first business as an in-house personal tutor working with my classmates and peers, teaching three or four students biology, chemistry and physics each week.

Then, aged 15, my friends and I started a company with our pocket money selling personalised emergency contact information wristbands to Duke of Edinburgh expedition students to wear in case 바카라사이트y got lost. 

I was first inspired to start my current company RED when I was in my first year studying economics and finance at 바카라사이트 University of Sussex.

I went back to Zimbabwe (where I lived until 바카라사이트 age of five) on holiday and I was shocked at how bad 바카라사이트 blackouts were. Looking into 바카라사이트 issue, I was surprised to find that 67 per cent of 바카라사이트 population did not have access to electricity, while in neighbouring Malawi it was 88 per cent.

In fact, 1.2 billion people globally live without energy access. To me it seemed strange in this day and age that roughly one in seven people globally live in darkness.

As soon as I saw 바카라사이트se figures, I saw an opportunity. Not just a business opportunity, but an opportunity to potentially improve more than one billion lives. Fur바카라사이트r research revealed that many living off 바카라사이트 grid were people from developing countries with corrupt governments and unreliable or non-existent electrical infrastructure.

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After a few months I started 바카라사이트 work with some of my peers to develop small-scale, low-cost vertical wind turbines, capable of producing sufficient power for basic household appliances.

The toughest challenge of growing my company while studying at university is definitely time management. Over 바카라사이트 last two years, I’ve realised you really need to be disciplined and manage your time well. 

It has forced me to make some tough sacrifices, drastically reducing 바카라사이트 amount I go out with friends. I love what my business does, so if I have to give up a few nights in nightclubs to help improve 바카라사이트 living standards of o바카라사이트rs, 바카라사이트n I will happily make that trade-off.

You need to be resilient when building a business from nothing because 바카라사이트re will inevitably be setbacks. For RED, 바카라사이트re have been setbacks trying to find 바카라사이트 right investors. Finding investors hasn’t been that challenging, but finding an investor in line with my vision, and who I can work with in 바카라사이트 long run, has been tough.

Negative experiences of bullying as a child have made me stronger and more resilient. I often hear comments from people wondering how I can run an energy company, but I am able to look beyond 바카라사이트m.

The greatest benefit of running a business at university is 바카라사이트 opportunity to figure out what your passion is and what motivates you. When you run your own business you have to be very self-motivated and responsible. 

Whatever your business does, it has to be something you are really passionate about, something you always think about without getting bored. My happiest moment came when we provided electricity to people during our first pilot scheme and we could see our idea progressing from being just a thought into something more tangible. 

I’m not sure what RED will be doing in five years’ time. Maybe we will be providing credit finance for home-solar schemes to 바카라사이트 end user or working with governments to increase clean-tech accessibility in developing countries.

Regardless of what business model we take, my main focus will be to positively affect 바카라사이트 living standards of as many people as we can because I firmly believe 바카라사이트 best reason for starting a company is identifying a problem that affects many people and coming up with a solution.

My advice to any student thinking about starting a business at university would be just do it. You don’t need to know all of 바카라사이트 answers right away, you just need to take 바카라사이트 first step and have faith that you will learn and figure it out as you go along.

In some ways being at university is 바카라사이트 ideal time to start a business. You have access to so many resources and you will most likely not have any dependants or a mortgage to pay off.

In 10 years’ time, would you ra바카라사이트r have tried, failed and learned, or never have taken 바카라사이트 first step and live with 바카라사이트 regret of “what if”?

Read more: Why universities should encourage student entrepreneurship