Basically there is no specific rule about the exact time and age someone can open and run a business. Almost all people can do the business. There are also some people who run the business although they do not have sufficient knowledge at the beginning they start it. As college student, you can also start your business and become an entrepreneur. This is the real challenge which will offer you so many benefits for now and the future. You will gain important life lessons early in life.
Being an entrepreneur will make you become more confident in facing the life. You have to set the business plan and prepare the business from the very beginning. The result is you will be able to handle the problem creatively and confidently. If the problem is big and seems cannot be solved, you should not think that way. This is the real challenge for you. Although you are a college student, you are not supposed to feel afraid in negotiating with the older people. You will meet more people and deal with various people from different backgrounds. So, you can think fast and be more confident.
You are in the life phase which offers you the real experience to be more independence. Many college students rely all the living cost on their parents. By being an entrepreneur who runs your own business, you will know the value of money. So, you will be able to spend the money wisely and have more experience in managing the money. Besides purchasing stuff for your basic needs, you can save and invest your money. This offers the opportunity to retire early as many successful entrepreneurs do. Automatically, you are the person who becomes more mature compare to your classmates. In case you want to continue your study in university, your background as young entrepreneur will determine a lot. The same case will happen if you want to apply for other jobs and join internship. You will be an attractive candidate which will surprise anyone.