Why Students Should Get Into Startups
Since the 70’s, the number of people attending universities has skyrocketed from 1/50 to ~1/3.
From a purely academic standpoint, this is great, because Australia is becoming more highly educated.
For current university students, this is bittersweet.
Adzuna, a global job search engine, published in 2017 that the ratio of Victorian university grads to grad specific jobs is 22:1.
This means the university graduate job market is hyper competitive. And there’s a high chance that relying solely on your university degree to land your dream grad job won’t be enough.
We’re sorry to say it, but it’s true. And ignorance of this fact will only be bliss until your graduate applications get rejected.
So congratulations, you’ve taken your first step to solving your employability problem - turning your ignorance, into awareness.
Now that you’ve accepted there’s a problem, the next step is to better understand how to win in the hyper competitive grad job market.
This part is simple in theory - to win, stand out from your competition by developing a more appealing offering.
Before we dive in, here are a few important questions to ask; A) what do you have in common with your competitors (e.g. other grads)?, and B) what are your audience/customers (employers) looking for?
Take the time to answer these questions yourself by talking to people and asking Google.
In short - you’ll likely find a bunch of students graduating with similar academic qualifications and slightly different grades. Most of which won’t have much real world work experience.
From the perspective of the employer, they’re typically looking for employees that will fit into their organisation, work well in their team and thrive in their work.
Before you start thinking of elaborate ways to twist the words in your CV to show that your three years of group assignments means you’re going to be a killer team player, stop there.
This is an important point to realise that most people that tick these three employability boxes have developed these skills from real world experiences, not in the classroom.
So to win in the hyper competitive grad job market, you need real world experience.
If you’ve jumped ahead to the fact that internships are as competitive as grad jobs, you’d be correct.
This is where the magic comes in. Let’s stop thinking in conventional terms, and start thinking like startup founders.
So you need real world experience, and it’s going to be hard getting it via internships or grad jobs. So what do you do?
Startups. That’s what.
Startups are a great way to get this experience in a less conventional and more accessible way. From starting your own side hustle, to working for a startup, to starting your own startup, there is a plethora of options available.
To get you moving, here are 4 ways to launch into startups this summer;
1 - Start a side project (aka side hustle).
This is a great way to learn the entrepreneurial ropes, in your free time.
Check out THIS article for some help launching a side project.
2 - Help someone else's startup.
The Generator Startup Project Marketplace is a great place to find like-minded people, who are looking for co-founders or people to help with their projects.
Find it HERE.
3 - Get a job at a startup.
Learning entrepreneurship from experienced startups, is an incredibly efficient way to go about it.
4 - Start your own startup.
To help you start, HERE are a bunch of free online resources.
If you’ve got an idea and you’re ready to launch to market, apply for THIS 5-week program.
If you’re up for the challenge, get your startup idea launched and validated before our 2019 Accelerator intake opens. Get the details HERE.