Some of the greatest businesses were formulated as business ideas right in college. Dell Computers, started by Michael Dell in his dorm is one of the largest PC manufacturers in the world. Students do not have to wait to graduate before they can start their businesses. However, it is crucial for the students to get to understand some of the basic requirements to start the business and ensure smooth running considering the challenges involved. Here are different aspects of starting and running a business that anyone, and particularly college students need to think about.