According to a newly-amended Ministry of Education regulation, college students in China who have started their studies can apply for leave for several semesters and their period of schooling can be extended. It's a huge step to encourage students to start their own businesses while at university. However, some people doubt whether the regulation will have an effect on students' grades or performance. Should college students be encouraged to start businesses before graduation? Welcome to share your opinions.
The majority of new businesses fail because, even if you have a product or service that fills a gap in the market, new businesses are typically under-capitalized and lack the skills in sales, marketing, administration and accounting.
If you subsequently decide that self-employment is not for you, then it leaves a question mark over you as to whether you are just seeking short term employment while you wait for another opportunity to start your own business.
In principle I think this is good development.
Education should not be just about reading books and taking tests, and idea of lifelong learning should not be only about older employees learning new things in their work, but the other way too.
Also students can be more naive (in the positive sense) and open minded than older entrepreneurs, and they could put China's reforms related to business environment to different kind of test than older generations, which can benefit the whole society.
As a college student, I believe the guidance is essential, because the inexperienced students rarely had access to realistic business from books. They may face many problems can't be solved by themselves, thus will make them depressed and easily to give up early. This will be a waste of social resources. But with good guidance, they can be more creative than older entrepreneurs.