MINDSET
What are most students taught is the only way to make money?
Jobs
What type of work gives consistent income?
Jobs
What type of income is business known for?
Scalable income
What type of business is easiest to start with no money?
Service-based
What does LLC stand for?
Limited Liability Company
What does a business give that jobs don’t?
Unlimited earning potential
What opportunity helps you gain real-world experience?
Internships
What is one advantage of owning a business over a job?
Control over income/time
Give one example of a campus hustle
Selling food / reselling / cleaning
What does an EIN act like for your business?
A Social Security number
What should you combine instead of choosing just one path?
Jobs/ Internships and business
What do internships often lead to?
Full-time jobs
What is the best strategy in terms of jobs and business?
Both
What platform can you use to promote your business?
Instagram, TikTok, Youtube, Google
Why should you have a business bank account?
To separate finances
What does having a business build besides money?
Independence or real-world skills
Name one campus opportunity that pays students
Work-study / research / leadership role
What happens to your income as demand increases in a business?
It can grow
Where should you find your first customers?
Friends, Family, on Campus
When should you make your business official?
After you start making money
What is the main mindset shift?
There are multiple ways to make money, not just jobs
What is the main benefit of the traditional path?
Stability
What is the biggest difference between job income and business income?
Job is fixed, business can scale
Three Different type of Business, THAT WE DISCUSSED?
Service- Based, Campus Hustles, and Online
What is the main benefit of an LLC?
Protects your personal finances