Students or ex students only please :D

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Lukejenx

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Sep 2, 2009
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  • #1
    Ok well basically how much money do/did you put away for your businesses during study at uni or coll?

    My breakdown (in my mind atm)
    £10 a year - mail box (I don't want my address out for everybody)
    £40 - Domains (I have 6 ideas at the moment, might either get them all at once for like £6 off a year)
    £10-20 a month - Hosting (It will be for all my domains, and hopefully I will be getting a vps by the second year
    £10 a month - external coders or designers (I intend to design everything myself, just need psd-html or plugins coded)
     
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    Lukejenx

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    Sep 2, 2009
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  • #3
    TotallySport said:
    I thought everyone was a student at one point, I did my GCSE's, I don't understand why this is limited to students, business is business.
    Click to expand...

    But doing GCSE's you didn't have to pay 3k fees a year, and in coll or sixth form, you are more or less told go to uni every day. Facing these fees.

    Feel free to post though if you want, I just want advice on how and where to get some of this money.
     
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    Geoff T

    Geoff T

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    Apr 30, 2009
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  • #4
    AND - ignoring the home study types like me!

    uni/coll isn't the ONLY to study route you know!:rolleyes:

    To answer you're 2nd question - jobs... I juggled 4 part time jobs at once at one point... inc. my own business too to cover the gaps!

    No-one said it would be easy... and TBH that applies to whatever you decide to do - life's a b1tch... enjoy your only chance + welcome:)

    At least your head's on straight - saving is a good habit to get - and the sooner the better... if you have it spare! Wish I'd learnt that one earlier:redface:
     
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    TotallySport

  • #5
    My point was you have used the term student, but its very generic, and for some reason you seem to want a specific section to answer, students are people who are studing, so all the Martial Arts students, Open Uni people, staff training course people are all students.

    Anyway back to the question, although I don't understand it, if you want domain names then they cost about £10 for 2 years, thats 2 beers I don't think you should save for that just drink less. If your not starting the business yet you don't need to have mail boxes until you leave but it should come with your hosting anyway.

    Depending on what your planning, you can get good hosting for £30 per year.

    Good coders could be charging you £60 per hour plus, depending on what your wanting, so over 4 years you would have around 8 hours developing.

    I think you need a lot more focus on what you want to achive in order to get better costings, personally I would take out as big student loans as I could then start up a business with that money, and not spend it all on beer.
     
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    BizGurl

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    Sep 15, 2009
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  • #6
    My best mate ran her design business on the side of uni, and just payed the regular things like you mentioned (domain, hosting, mailbox, and low level marketing).

    She funded herself completely. To start with she completed clients work on college computers, using there software, but she made quite a lot (over £1k on one of her first projects - packaging) and bought herself the equipment she needed. No loans, grants, anything. Obviously, it depends on the kind of business you want to run, but it can be done very cheaply.

    She saved around 20pc of everything she earned. Still does I think. Only registered for tax after finishing the course :eek:.

    She became rather successful though and her teeny business is still running today.

    Me on the other hand, during uni, tried to save-up with the aim of having everything I'd need to go into biz straight after uni, but I'm weak, and the money would always end up going on nappies or nights out!

    Defo go for it now while you're a student if you can.


    And........


    Actually, at school you're not a student. You're a pupil. :D
     
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    Lukejenx

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    Sep 2, 2009
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  • #8
    I will be on a computer forensics course in uni, hence why I will only put £10 a month for coders, and using rentacoder (now vworker I think).

    .com domains are £6-7 a year, and I would be getting .coms on a majority of my projects.

    My question is how your monthly breakdown looks or annually.

    Btw I am looking to run a web design studio (Not dev, I find coding .css very very boring, hence why that will go on vworker.) A data recovery company, due to my course will be computer forensics. And then a few local directories where my income will be adsense (main use of the external postal address), and onsite ads.
     
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    Astaroth

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    Aug 24, 2005
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  • #10
    Not really sure what your asking? Are you asking what the running cost of the company was whilst at university?

    Personally, was simply the cost of web hosting and domains (though significantly more expensive back in the 90s). Technically internet connection at home was still a luxury then but would most likely have had one irrespective.
     
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    TotallySport

  • #12
    IMO you cannot run a web design studio without knowing CSS, CSS is going to get bigger and bigger, and without it your missing a key basic tool. Using different developers will cause problems when making changes and having to use different developers to ammend each others work

    I doubt you will make enough money to live off from your directories, in any way shape or form. (how often do you click on adwords?)

    There are two many variations in your business to offer finicial information, the fact is you could do it very cheaply and shouldn't need to save alot to start.
     
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    Lukejenx

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  • #13
    My father is making £20 a month and that covers all his hosting for his company. And he hasn't even bothered putting any money into the company. He has been featured on e4 and bbc.

    He doesn't use adsense becuase of my brother (long story), but when he was using it he was making £1 a click.

    It's worth it IMO.

    I know some css, I just take longer doing the .psd->.css than actually designing everything as I don't enjoy coding it. Hence why I use a contractor who charges $5 for a basic dev project. I then take it and integrate it into wordpress etc.

    He just does the base of it.
     
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    Geoff T

    Geoff T

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    Apr 30, 2009
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  • #17
    Cornish Steve said:
    Put money aside? When I was a student, I went without lunch for an entire term so I could afford to buy textbooks. Literally, I never had a penny to spare.
    Click to expand...

    Steve - you're talking about times when students REALLY studied...

    NOT WHEN -

    They studied the "art/science" of celebrity...

    Complained that the uni wasn't giving them enough work to do...


    Different times neighbour...;)
     
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    TotallySport

  • #18
    Lukejenx said:
    He does 30 min on upgrades, as he intends on selling the software.

    He spends another 30 mins on emails and accepting company's and events etc.

    So £20 an hour
    Click to expand...
    so he only answers emails once a month? he also has to pay income tax if its inline with another income, for hosting, domain name, etc etc.

    How much time has he put in over time and how long did it take to get to £20 per month, its hardly pocket money for the work put in over the period of time, it wouldn't even pay for pocket money for a holiday.
     
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    Lukejenx

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  • #19
    TotallySport said:
    so he only answers emails once a month? he also has to pay income tax if its inline with another income, for hosting, domain name, etc etc.

    How much time has he put in over time and how long did it take to get to £20 per month, its hardly pocket money for the work put in over the period of time, it wouldn't even pay for pocket money for a holiday.
    Click to expand...

    True he will never get his money back cause of the coding at the start. But he has this coding, so he can just open 10 new ones tomorrow.

    He has paid nothing for advertising or design or anything. He did it all himself.

    He answers emails when he has them.

    For the money he makes from his work contracting the £20 a month doesn't even touch the tax he owes, and he is on way more than that an hour.

    The website is a year old, gets 18k visitors a month. And he only started adverts 4 months ago. So he has got from 0 - 20 in 4 months really.

    He does it for fun not for money.
     
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  • #20
    Lukejenx said:
    Ok well basically how much money do/did you put away for your businesses during study at uni or coll?

    My breakdown (in my mind atm)
    £10 a year - mail box (I don't want my address out for everybody)
    £40 - Domains (I have 6 ideas at the moment, might either get them all at once for like £6 off a year)
    £10-20 a month - Hosting (It will be for all my domains, and hopefully I will be getting a vps by the second year
    £10 a month - external coders or designers (I intend to design everything myself, just need psd-html or plugins coded)
    Click to expand...

    You seem to have left out the thousand a month for the SEO to make it a viable site.?

    Earl
     
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    DarkSacred

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    Jun 17, 2010
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  • #23
    While studying at university I didn't save any money towards any business ideas that I had (all be it that they were all capital investment heavy) and having been clear of university for some time I still don't have any savings. In fact after years at university studying I now have substantial amounts of debts!

    I would assume that a part time job is the way to go, means you can study and still earn yourself something. You won't be earning a lot but from your breakdown on the previous page you're not going to be needing a great deal of investment to get yourself up and running.

    It all depends how much money you have to work with, I was lucky and got the maximum student loans and grants, however most of this was eaten up in rent, bills and transport for the year and with my parents unable to help me financially all of the money I earned from working part time was used to pay for food, nights out or other social activities.

    What I would advise is considering you've got quite a few ideas in your mind, would be to start thinking about setting one up sooner rather than later, you may find assuming its a profitable venture (is it worth setting up otherwise unless its a charity or community project) that you can pack in the part time job and still be earning enough to make your keep.
     
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    DarkSacred

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    Jun 17, 2010
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  • #25
    Lukejenx said:
    when I'm 18 working with my sister in the adult industry...
    Click to expand...


    This did give me a little chuckle! :p

    With regards to this the only thing I will say is don't do anything that may harm your credibility and integrity in a prominent position of leadership or power for your future.



    If its earning you money towards your goals then stick at it, the current job market is dire and being able to make a living in the competitive student jobs market is even worse.

    I assume you're only 17? Which is great, you've got a long time till you'll have finished your studies and this is time that you can make work towards saving the capital you need.

    Lastly have you approached your university/college with regards to what they can offer in help and support towards getting a business off the ground? Most places will bend over backwards for you when you're a student there to help you succeed as its good marketing material for themselves.
     
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    Lukejenx

    Free Member
    Sep 2, 2009
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  • #28
    Doing the design and image manupulation you dirty people!!! That's one of those things you should re read!
    Plus it won't be touching my cv, don't know how it will look considering my first job might be with the Police finding images of child porn and all that :S haha
     
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