Do You Have A Strong Support System?

Even if you are starting your business by yourself, entrepreneurship is not a solo feat. Portesy said it helps to rely on friends, family, business partners, franchisors or other entrepreneurs for support. Wyner also acknowledged that his entrepreneurial success couldn’t have happened without the support of his family and friends.

“Surround yourself with savvy, educated people,” Wyner said. “I was very lucky to have some strong mentors in my corner. Having experienced, wise people there to guide and support you is critical.”

If you don’t have a strong personal support system of friends and family, you can join groups in your local community or online that cater to small business owners. Networking with others who are on a similar journey to your own can be extremely helpful.

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“Do your due diligence and connect with other small business owners who have succeeded and struggled,” Portesy said. “Learn about the challenges overcome, and welcome guidance and best practices.” This is perhaps the most important question: Is there a good enough reason for you to stay in college, or for you to drop out?

Matt Brown, co-founder and CEO of freelance management platform Bonsai, is also a volunteer advisor with the Thiel Fellowship mentor network. Thiel selects and grants funding to high-achieving students who could do more good in the world by not attending college, focusing on research and innovation instead.

“Everyone should think critically about the value of investing four years and an incredible amount of money into a university education,” Brown said. “Is there somewhere else where you can be learning faster, meeting more interesting people and working on projects you care about? Do you want to drop out because you have a burning need to create something and being in school blocks that, or are you dropping out because it seems cool and the Facebook guys did it?”

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