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Ten grand. What now? (alien.top)

submitted 1 year ago by Slatt_29@alien.top to c/entrepreneur@indiehackers.space

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I’m 18 years old and just starting college. My college is being paid for by my family so I don’t really have any major expenses and I’ve been working minimum wage for a while and have about ten grand saved up. If you were in my shoes, where would you start and how would you begin to use that money in order to make more?

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[–] OrangeSunset86@alien.top 1 points 1 year ago

Do you want to be an entrepreneur with that ten grand?

Find a problem. Talk to the people around you: What are their pain points in life? At college, there will be many people around you, unfortunately most of them are students or faculty, and education is a very slow business to grow. So you may want to get in touch with more diverse folks ;)

Figure out how to solve said problem. Not all problems are easily solved even with today's tech. There are some great Y Combinator videos on 'what startup ideas work'.

Check with folks if that solution actually solves their problem. Prepare to be surprised, pivot, and ask again.. many times.

Create a landing page, small ad campaign, and get market validation. Then you can recruit a couple friends or freelancers to build it. Ah, make sure you have contracts. Don't be like the Winkelvoss twins.

But really, make sure you're enjoying your college years. Good luck!