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359. The Road to Be a Young Entrepreneur

By Jang, Su-jeong 기자2015.08.25 15:14:46

           In the past, it was unusual for university students to do their own business or found their own company. However, more students are thinking about starting their business these days. Many successful young entrepreneurs, such as Steve Jobs and Mark Zuckerberg, have contributed to this change. In Kyungpook National University (KNU), more than 20 clubs consisting of the students who want to become entrepreneurs help them to fulfill their dreams. Besides, there is various support for these students.


What is SOL.I’VE?

          SOL.I’VE was founded in 2013. It is the research organization of students for establishing a business. SOL.I'VE has turned out six entrepreneurs in two years. The members can gain knowledge and experience for starting a business. SOL.I'VE stands for 'SOLution I haVE', which means the members should try to find their solutions for successful businesses. Even if they have various targets, they can band together for one goal of becoming successful entrepreneurs. One of their visions is to build a successful entrepreneurs network. Thus, they strive to meet in the future as business partners to help each other, rather than stay on as university club members.


          SOL.I’VE conducts SES (SOL.I’VE Education Seminar), the training seminars about knowledge and practical information necessary for establishing a business. Paticipants can learn how to write a business plan and how to solve problems which they might encounter when they start a business.

 

SSC (SOL.I'VE Startup Conference) is the biggest program in SOL.I'VE because everyone can participate in it for free. SOL.I'VE invites famous entrepreneurs, who lecture on their know-how and insights based on their own experience. It is conducted once a semester in Hyoseok Hall or G,eongha Hall in the Global Plaza.

Venture business demands considerable time and money, so it is not easy to experience. Through, SMV (SOL.I'VE Mini-Venture), the members can prepare, plan, and practice it with their own ideas in a short time. Therefore, they can experience the system of starting a business with less opportunity costs.


 

One of The Real Business Stories in SOL.I'VE

           Kim, Byeong-uk is a representative of 4 Nammae Farm, an online shopping mall distributing agricultural products. His parents are farmers, so he has seen irrational situations on the sale of agricultural products since he was young. Some products for which the farmers should receive 30,000 won are priced at 20,000 won, and they have to pay 10% commission at auction. That was why he joined SOL.I'VE and prepared starting his own business. He made his brand, 4 Nammae Farm selling sweet potatoes, with a website for direct dealing. Now he can communicate directly with customers through it, and sell agricultural products at affordable prices. It has been two years since he started his business, and from this year, he will also sell processed agricultural products.


The Support for Student Pre-Entrepreneurs

          Even though there are many success stories about starting a business, there are also great risks. The typical example of the risks is 'financing'. However, there are many support resources for student entrepreneurs. One of them is the Startup Education and Establishment Center in KNU. This center is a part of the Leaders in INdustry-university Cooperation (LINC). It provides financial support of three million won for each team which consists of more than five students, and is approved by advisers. If you want to get more information about it, visit http://changup.knu.ac.kr or http://linc.knu.ac.kr/ Furthermore, there are many startup idea competitions. If you achieve good grades in these kinds of competitions, you can get startup funding.


          The lack of knowledge about a business can also be a risk. In KNU, there are 10 non-majors courses for preparing to start a business, such as Startup Marketing and Entrepreneurship. In addition, it is helpful to participate in the Startup Camp Program which is conducted regularly every semester by LINC. During the program, the participants research and focus on startup. They can be funded in accordance with the completeness of their ideas. This can be also a great help in networking with pre-entrepreneurs in several fields. Thus, they can get opportunities to find their business partners. Furthermore, if you join clubs related to startup, you can get more information and receive help from the members.


          Many students hesitate to start their own business due to financial burdens and fear of failure. However, there are many support resources for young entrepreneurs, such as funding and education programs by LINC. Moreover, a variety of methods can give you information about a business. Among them, joining a club about starting a business provides many advantages. If you want to go beyond the typical route like trying to find a job after graduation, it is worth thinking about starting a business.


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