When pursuing entrepreneurship in college, how much revenue is a lot?
I didn't know how to phrase the title correctly, but what I'm trying to ask is how much revenue would you guys consider substantial/noticeable for an entrepreneurial venture; specifically, a business or entrepreneurial venture started by someone who is in college?
An example would be if you were looking at the resume of a college student who started their own business, what revenue amount or range would you be impressed by or consider substantial for someone in college?
Thanks.
None. I consider any numbers like this to be made up. Every kid these days is including some start up they claim to run on their resume.
Dang. I'm actually asking because I started a legit business with about ~$25,000 in revenue and wanted to see how common that is and/or whether I should emphasize it on my resume. (I'm in college)
Put it on there. Just be aware that there are many other kids claiming to have started a legit business with some 5 figured revenue number and that will dilute the value of your claim, whether it's legit or not.
Also be ready to tell them what your margins are and what tax you paid. The first one is an obvious question and the second one is one I use to see if their numbers are obvious bullshit.
icic, Thank you.
Couldn't he just take his revenue and multiply it by the tax bracket?
So, $25,000 * .15 = $3,750 in taxes. This doesn't include the decreasd taxes for COGS (If any)
That sort of answer would certainly make my decision a lot easier.
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