Select a business that has little overhead

The Rabbit’s son was getting ready for class but first he went by his business professor’s office to ask him his thoughts on starting a business on campus. His professor said, “One of the things that you need to remember is to start a business that has very little overhead to test out your idea. Once you have a good and viable business model, scale rapidly. I understand you of all people want to move fast, it’s in your genes, but just get down your business model then scale.”

Lesson: This lesson was inspired by the Teach a CEO post “10 Tips to Starting A Successful Business During College.” Just like the Rabbit’s son learned, in business and especially in college it is important to reduce overhead until a sustainable business model is established.

Image courtesy of piyato / FreeDigitalPhotos.net

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