Rhys, Enterprise Manager, shares advice for anyone considering starting a business after graduating…
Starting a business and freelancing are legitimate career paths after graduating! Enterprise and Start-up are able to help graduates up to 5 years after they’ve graduated and sometimes longer depending on demand.
Here are your next steps to becoming an entrepreneurial graduate…
Hone your enterprise skills
Enterprise skills can give you the confidence to excel in all areas of life. A great way to develop those skills are through internships and work experience with start-up businesses. Watch our video series on How to Work With Start-ups: PART 1, PART 2, PART 3, PART 4.
Got an idea for a business?
If you’ve got an idea and you’re not sure how to bring it to life, you may want to:
- Do market research: good market research can help you understand how strong your idea really is and how it could be improved. Try to answer these questions:
- What’s the market value and size?
- Who would be your customers?
- What are they prepared to pay?
- Who’s your competition and what makes them great or not-so-great?
- What makes your idea unique?
- Start prototyping: it doesn’t need to be perfect, but a prototype is a way of bringing your idea to life! According to Ries (2011) nothing works better than developing a minimum viable product to start measuring and learning from its success or failure.
Launch your business
So you’ve already developed your business idea, you’ve done the research and produced a great prototype – now what?
- Test trading: Do you make and create? Be it cakes, clothes, or apps – you could be selling at festivals, markets and online. It’s a great way to understand customers and hone your selling skills, not to mention potentially turning a profit.
Grow your business
If you’re on the brink of running your own business or already doing it, you should take advantage of the support available from Enterprise & Start-up:
- 121 Business Advice: we offer impartial information, guidance and advice on how to take your business or social enterprise to the next level. Find out about our next available surgeries and book via your careers account.
- Read How to Break into the Cardiff Start-up Scene
Inspired? Get involved with Cardiff University Enterprise and Start-up!
Do you have entrepreneurial inspirations and aspirations? Cardiff University Enterprise and Start-up could help you realise your full potential in business and entrepreneurship. It’s all about thinking creatively, spotting opportunities, making things happen and developing skills for life. It’s not just about business; it’s about helping you to make the most of yourself.
We run workshops, competitions and sessions to help you develop skills and knowledge. Find out about all our courses and sessions on the intranet, follow us on Facebook and Twitter, with #ideastolife, or email us at email@example.com.
Your feedback and help please
Have you found this blog post useful? Please help us by commenting in the comments bar below, and if there is anything further you’d like to know ask your questions there too.
We’d also be grateful if you can share this information by re-tweeting or sharing with your fellow students who may find this useful – you can do this by using the share buttons or via twitter and facebook.
Rhys, Enterprise Manager.
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The Student Support Centre has a range of services dedicated to helping students make the most of their time at University, including: Advice and Money, Careers and Employability, Counselling, Health and Wellbeing, Disability and Dyslexia and International Student Support. The Student Support Centres are located at 50 Park Place, Cathays Campus and Cardigan House, Heath Park Campus.
For further details of services, events, opening times and more find us on the University Intranet.