EAST LANSING, Mich. (WILX) — The younger generation isn’t waiting until they graduate to start a business. The dream can come true, but not every idea is always a success.
Paul Jaques is Managing Director of Venture Creation, the Institute for Early Entrepreneurship at Michigan State University. He told News 10 that getting a small business off the ground can be a daunting process.
Jaques said, “Sometimes we talk to students and say ‘keep promoting your idea, but go get that job, work a few years, and then fund that idea that you’re doing. “”
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But in some cases, Jaques thinks the earlier you start, the better. Especially if you have no other life expenses to worry about.
“You don’t have a mortgage, you don’t have kids,” Jaques said. “It is time.”
This is the advice of Louis Azor, owner of More than Vintagedecided to follow.
“It’s really like a small business created only by students,” Azor said. “Like, no one over 21.”
Azor is currently attending Michigan State University. But, even though he is still a student, he puts his lessons to the test by opening a vintage shop with the help of his friends and family.
“More Than Vintage is the first ever student to build and run a brick-and-mortar storefront,” Azore wrote on the store’s website. “It’s usually rare for ‘kids’ to develop and run their own business.”
Many people said he wasn’t ready for the business world, but Azor told News 10 he found humble ways to get started, taking advantage of tools to help him build the business foundations and listening to good advice.
“Don’t think you know everything yourself,” Azor said. “Ask people for help, ask people for advice, and just negotiate with the community. Things grow when you have a team around you, not just you trying to figure it all out on your own.
Ben Pikus, vice president of operations for More than Vintage, attributed part of their success to the time they devote to the ambiance of the store.
Pikus said, “Spending hours and hours thinking about how we can create this space and create the fusion of modern and vintage.”
He said Azor was the backbone of the company.
“He showed that passion and perseverance can open more doors for you,” Pikus said.
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