Being Your Own Boss Right Out of College

Young college graduates, eager to begin earning money and be master of their own fate upon receiving their diplomas, are turning to owning franchises as a way to quickly establish themselves.

All Business.com suggests some ways for a new college grad to wean themselves to own their own business. It is a list of 5 good suggestions: You know, fatherly advice like learn how to hire and manage people or be sure you have the money and patience needed to succeed.

As one of this week's news article shows, college grads are more than capable of planning and launching successful franchises. Yes. It's nice to have the experience to manage people but necessity is the mother of invention. Just like a tough class at school, you'll figure it out. If college has taught you how to learn, you can find franchisers that will give lots of ongoing help in figuring out the ins and outs of running a business.

Some of us want to experience corporate life, work for others and try to build capital. Some would rather not. The question is to know yourself. What floats your boat -- the one business one you want to devote a big chunk of your life to.

But you need capital? Remember that third year in college when you had no money but had to a very expensive tuition and living expenses? In other words, where there's a savvy will, there's a way.

Here is the secret that we "more experienced folks" know in starting our own businesses. We realize we want to do it, plan and then make it happen.