My name is Max Bettzig, I am a FS Bachelor student in the 5th semester and have just founded the company „Bettzig Media Consulting e.K.“ in Hamburg. I will try to share some of my experiences and answer the 3 questions that I have been hearing the most lately. The question that comes up most frequently is:
How do you manage to work and study at the same time?
As I am studying the part-time course „Finance & Management“ in Hamburg, time is not a big problem. The lectures are mostly on Saturdays (09:00 – 16:30) and Friday evenings (17:30 – 20:45), so they usually do not collide with my work. Mostly the lectures contain all important information for the exams. You sure have to prepare yourself again before taking the exams, but it´s definitely possible to pass them with a reasonable workload and good grades.
Don’t get me wrong though, when you work full-time and add a part-time study to that, you will definitely have less time than others do. Less time for friends, family and less leisure time. If your environment does not understand that, you might lose some connections there. As a founder, this might be even more noticeable but I guess that depends on you. The good thing is: The people you study with at Frankfurt School are living the same experiences as you. So, within your study-group, you will find people with the same ambitious goals and also some really good friends.
Did your studies at Frankfurt School help you with founding the company?
The answer to that question has two sides for me. First and most importantly: The will to found a company has to come from yourself. Frankfurt School can not teach you the motivation nor the reason (whatever it might be) to create a company. You have to bring that to the table. On the other hand, there are some points that affected me very positively at Frankfurt School:
In the beginning of your journey as founder, you will (usually) have a lot meetings with banks or capital investors. As I have never worked for a bank, I learned a lot through the courses at Frankfurt School about their point of view on businesses and why or why not they give out credits. The studies are very intense and extensive in that area, since credits are one of the main business fields for banks. All the knowledge you build up regarding credits (and the graduation as a „Backfachwirt“) is gaining self-confidence and a deeper understanding for the conversations with banks. That helped me a lot. Another very positive factor at Frankfurt School was that we had a lecturer who is currently working with VC (Venture Capital). We talked a lot about my business plan and he was the reason I finally thought „Alright – it’s good to go. Let’s send it to the bank“. Sometimes you just need a little support by someone who really knows what he/she is talking about.
Why are you still studying? Shouldn’t you focus all your time on your company?
I did not only start studying at Frankfurt School to get the Bachelor degree. I might not end up working in the finance industry too soon, but I am personally very interested in this fields’ knowledge. I can also use it for my company’s work, it reflects straight into it. Therefore – I will definitely keep studying.
If you have further questions or want to know something specific, please do not hesitate to contact me: email@example.com