This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

For Ambitious Students, Entrepreneurship Can Be a Big Win

CHICAGO ( MainStreet) -- Amid the commencement speeches and worries about impending student-loan payments, one topic has been a constant source of discussion during college-graduation season: the dismal job market.

This summer, like last summer and the one before, will be a tough time to head out with resume in hand. Many large corporations simply aren't hiring entry-level staff, and in other cases new grads find themselves competing against laid-off workers with more experience.

Graduating from a competitive university or business school is a great accomplishment. But leaving school with funding for the next step of your life is the ultimate graduation present.

Ambitious young grads who'd prefer to work for themselves also are finding it hard to start businesses, given banks' tight lending standards. The difference between starting up and giving up often comes down to funding: Can a promising idea attract enough capital to turn an idea into reality?

Now would-be entrepreneurs can turn to their own universities and business schools for a leg up; business plan competitions have become increasingly popular at campuses across the country. Many of this year's winning ideas, announced over the past few weeks, got funding and expert mentoring, increasing their chance of success.

After all, if a school wants to brag about its graduates' achievements, what better way than to help get their businesses off the ground?

The concept of pitting business ideas against each other started at the University of Texas at Austin, when two MBA students envisioned a business-school equivalent to the law school's "moot court" competition. UT's so-called "Moot Corp" was first held in 1984 and has grown into one of the most prestigious and competitive student contests. (It has also gotten a less quirky name: The Venture Labs Investment Competition).

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs