STUDENT ENTREPRENEURS, YOUNG ENTREPRENEURS MAKING MONEY BEFORE LEAVING UNIVERSITY

Student entrepreneurs, young entrepreneurs making money before leaving university, students who don't have debts or loans who earn money whilst at university

Now my youngest boy is off to Bordeaux University to study sciences. My wife and I have done the usual parenting thing. Found him an unfurnished flat to share with a girlfriend, furnished and generally kitted the flat, put together a starter pack of food and bought him some condoms. Where we differ from most parents, we have told him he has to get a part time job or find another way of generating an income and fend for himself from now on. Obviously, we will be around in case of emergencies but we have told him he is not to run up any debts or take out any student loans and we fully expect him to be in profit by the end of his five year course.

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Hard? Fair? We think so. We did exactly the same for his elder sister and brother and they have survived. In fact they have done incredibly well for themselves. In an area where most people moan about the lack of job opportunities, the cost of housing and anything else they can blame for their lack of success, our two eldest kids stand head and shoulders above most people three times their age. Both had bought their first properties before they were twenty one and both have carved out successful careers and have money in the bank.

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Did I give them any help as a father? Yes I most certainly did. I gave them all the advice they needed and taught them how important it is to stand on their own two feet. Everything they have achieved can be directly linked to me because I refused to make it easy for them; albeit that I could have helped them financially.

STUDENT ENTREPRENEURS

My brother on the other hand has done everything for his children and now, although two of them are in their thirties, all of his children are completely incapable of standing on their own two feet. My children are successful in their own right whilst his children are constantly running to him for financial support. My children were successful student entrepreneurs whilst my brother's children left university with massive debts and have no idea how to make their own way in the world.

Whilst he was killing off their ambitions with misguided love and support, I was firing my kids up and showing them how to make money. Had my brother been a multi millionaire where his kids would never ever have had to earn a living, I could have understood his reasons for supporting his kids financially. However, as successful as he is, his children are still going to have to make their own way in life and he has not set them on the right course.

YOUNG ENTREPRENEURS

Whilst my children sit round the dining room table discussing their latest business venture, my brother's children tend to visit him with their hands out. Whilst my children have never been out of work or needed to ask for handouts, his kids are constantly looking for something better. My kids are young entrepreneurs whilst his are fast becoming members of the regularly or long term unemployed. In fact you can more or less divide my whole family into three sections - entrepreneurs, unemployed or government workers which more or less amounts to the same thing.

On the one side of the family tree sit a number of business people who have, in the main, all done very well for themselves. Then you have the relatives that have married into our family with most of them working in one capacity or another for the government. And with them, came a number of lazy losers who think the world owes them a living and the people out their working for themselves and making money should pay for it.

It's a left - right divide. There are those of us who have carved out a living for ourselves, made and lost fortunes, some even lost our homes and yet still been able to pull ourselves up by our bootstraps and climbed back up. My brother is one of these people but in his attempt to ensure his children never have to go through the pain of starting out in life, he has in fact created adults who will always be dependent on someone else.

Then there are those who in the main have married into the family where whole families work in one shape or form for local or central government. These are the people who believe that my side of the family should go out to work, risk everything and then hand most of what we earn over in the form of taxes to pay their salaries because we earn and own so much and they don't. These are the people who believe they should get paid a high salary for doing what amounts to four fifths of five eights of fuck all, get six weeks holidays a year, take time off work when they have the sniffles and then get a huge pension at the end of it. They moan about everything because they believe the world owes them a living, they think they are fulfilling an important role and that those of us who are out their making money should pay for the right to hurt.

MAKING MONEY BEFORE LEAVING UNIVERSITY

None of them have ever taken a risk in their lives and none of them believe they should. I taught my kids the importance of money. I made them earn their pocket money and they now know the value of being able to generate money. They don't waste money, they don't throw it around, they invest it in things that will make them more money. My kids were making money before they left university. The two eldest left with money in the bank. Not money I had put their bank accounts but because I had educated them in the right way so they recognised business opportunities when they saw them.

This doesn't mean they are going to become millionaires, it simply means they won't ever need to depend on me or anyone else as they go through life and that puts them in a happier and stronger position than a lot of people. If things go wrong, as they most likely will, they will be mentally equipped to deal with whatever problems life throws at them. They won't turn to the bank of mum and dad or to the state for financial support. This is because, like me they believe we have become to soft as a nation and are too prepared to give handouts to anyone simply because they ask. Government support should be there when people really need it, not because they think it is the responsibility of everyone else to feed and house them.

STUDENTS WHO DON'T HAVE DEBTS OR LOANS

Which brings me to my next point. We've got all these children going off to university to get a degree that won't help them get a job and most of them are complaining about how much debt they are in or will be in by the time they finish university. No one seems to want to interview the students who have got themselves jobs, or set up small businesses to pay their way through their education.

For goodness sake. If they can't make a living when they have so much spare time on their hands, what chance are they going to have when they come out into the big wide world. I and most employers flick straight to the part in their CV's where they talk about what they did to support themselves whilst at university. Most employers I know don't give a toss whether they got an honours or a 2.1 in their chosen subject. There are tens of thousands of kids leaving university with a decent degree, it doesn't mean shit nowadays. Show an employer that you used your initiative to make money outside of educational commitments and they will be impressed by that.

EARN MONEY WHILST AT UNIVERSITY

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There is absolutely no reason why a student can't earn money whilst at university and absolutely no excuse for leaving university in debt. If the cream of society are supposed to be going through our universities they should show some entrepreneurial spirit by setting up income generation schemes for themselves.

Students get plenty of time off to be able to get part time jobs and this time should be used to earn money and support themselves. In my opinion, it is the most important part of most students' education and better equips them for the real world.