While many college kids are busy looking for the next party, or just happy to be away from their parents, there is a new group of students with their futures... and the future of business in mind. As a matter of fact, many of these "kids" have already built a business and career before they even manage to graduate. How? By entering the world of entrepreneurship. Here are a couple of their stories.
College Student Creates Wireless Headphones
At one time, all Ketan Rahangale was worried about was being a DJ. According to Entrepreneur Magazine, he soon grew tired of being "tied down" to his DJ table by all of the wires needed to work his equipment. It took him hours to set it all up, and then he couldn't enjoy moving to the music because of the wiring. So what did he do about it? His need created an opportunity. With the help of partners, this freshman of entrepreneurship at Babson created a device which took the place of all of the wiring. Within nine months from the start of his company, Ketan had a yearly income of over $100,000 and was named one of the top entrepreneurs under 30 by The Startup America Project and Empact.
College Party-Guy Creates Giant Beer Koozie
Maz Chautin was likely a little more worried about the party than Ketan. Entrepreneur Magazine shares that Maz "went to his share of keg parties while studying political science at John Hopkins University." While partying, Maz realized that there was a need for a beer koozie large enough to cover an entire keg of beer... eliminating the need for so much ice. In just 6 months time, his venture, "Kegskins" made $40,000. He invested only $10,000 of his own money, and Maz was soon selling his products for $40 to $50 a piece. He makes even more profit by utilizing the blank space on kegs by selling logos and ads spaces on his Kegskins.
Student Uses Fashion to Unite the World
Serengetee is a company that unites the world through fashion. Jeff Steitz is the founder and CEO who started the company in his college dorm. Jeff had traveled the globe, bringing back bits of fabric from various countries. He saw the beautiful fabrics as a business opportunity that would help bring people from all over the globe together. Jeff took these fabric bits and added them as pockets to T-shirts, which he can buy in bulk. Customers can choose from 50 different fabrics from all over the world. Selling his shirts for $24 each, Serengetee enjoyd a hefty 60 to 80 percent profit, and donate 13 percent to charity.