Yasmine Arrington, Founder of ScholarCHIPS
The WeThrive Student Entrepreneur series is created to highlight entrepreneurs who are not only currently in the trenches, but also in high-school and college. Through this medium, we aim to provide students with a range of additional tools, advice and guidance as they create and grow their own entrepreneurial ventures. Our Student Entrepreneur blogs highlight the most relevant details others can learn from. Know an entrepreneur we should highlight? Have an additional question we should be asking? Send it all to firstname.lastname@example.org
College: Elon University, Class of 2015. Will attend Howard University Divinity School Fall 2015.
Current Venture: ScholarCHIPS
Current Year in College: Recent graduate, Class of 2015
One word that best describes your experience as an entrepreneur in college: Rewarding
Favorite class: Strategic Campaigns
Least-favorite class: Statistics
Why bother with entrepreneurship?
Entrepreneurship, especially social entrepreneurship is a great field to get involved in because it allows one or a group to come up with innovative solutions to the world’s most demanding problems. Entrepreneurship also gives room for an individual or group to focus on what they enjoy doing and give back at the same time. It’s a win-win I feel!
Tell us about your venture, and where you are on it?
ScholarCHIPS is a nonprofit I started in 2010 to award scholarships and provide mentoring for high school graduating seniors and college students with a parent in prison, who are pursuing their college degree. Since 2012, the organization has inducted 17 scholars and has awarded over $44,000 in college scholarships!
Where’s your favorite place to do work?
In my room. A lot of folks I know say they cannot do work in their room because they get easily distracted. However, for me, my room is my sacred space and being there allows me to block out all distractions and focus on the task at hand.
What’s one way students can start today?
Identify an issue in your community or general issue you’d like to see change and then think of possible ways you could help solve it.
What’s your best tip for other entrepreneurs in college?
Learn how to delegate, because you can’t do everything on your own and learn how to balance. In addition to working on your venture, you must make time to sleep, eat well, exercise and for personal time. It’s college- give yourself room to enjoy it!
When did you found your company and with how many others?
I conceived the idea of ScholarCHIPS in 2010 and started with the help of three adults. The organization received our 501c3 status in October of 2014. I currently have a board of seven members.
How do you manage your week?
A calendar. I must check my written and Google calendar daily to make sure I plan ahead and do not forget anything.
What’s the most important lesson you learned as an entrepreneur so far?
To always discuss any new ideas with the board and submit any new people interested in helping to be screened by the board. Always ask questions about each party’s expectations and duties up front and get everything in writing!
What resources do you recommend others take advantage of?
PEOPLE! Social capital is your best resource always. With entrepreneurship it’s not what you know, but who you know.
What’s your sleep routine like?
My sleep routine varies on the amount of work I have to do in a given week, however, my own personal sleep pattern is very odd. I tend to take naps during the day, if my schedule allows and I will stay up late into the night doing work. I find that I am most productive at night or early in the morning when I feel refreshed and it is quiet.
What’s the best advice you’ve ever received?
Never give up! It’s cliché, but nonetheless true. When you are passionate about something you must keep going after it, even when times are hard.
Is there anything else you’d like to add that might be interesting to readers and fans?
Please like ScholarCHIPS on Facebook at www.facebook.com/ScholarCHIPS and on Twitter and Instagram @Scholarchips