Saturday, September 21, 2013

Why Your College Student Should Start a Business

Have you seen the cost of tuition lately? This hit home for me personally as my oldest child is heading off to college this fall. While the options vary on how to pay for tuition, it is certainly a challenge when a college degree can be equivalent to the cost of a new home.
You may have heard of the proverb, "Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime." We have the perfect opportunity to implement this powerful concept in helping our children pay for their own college, rather than flipping for the bill ourselves.
There is a huge opportunity to involve your children in a business to help pay for the cost of college, as well as teach entrepreneurship and responsibility. In my practice over the years, I have helped many clients start businesses with their children.