Independent University Newspaper
Copenhagen Business School

Popular searches:

Independent University Newspaper

Copenhagen Business School

University is a great time to start a company – use it as your playground

At university, you have the security of receiving your student grant (SU) as well as a plethora of opportunities to get help from teachers, other students and Copenhagen School of Entrepreneurship. This makes university one of the best times to start a company, according to Senior Programme Manager at CSE Christopher Trunk-Black and Frederik Riber Larsen, who is a master’s student at CBS and founder of the company Arriber.

News |   30. Mar 2023

Emilie Jacobsen

Freelance journalist

If you have an idea for a start-up, you might be thinking about waiting to explore it until you have graduated. There is so much work at university and starting a business as well can seem daunting. But according to Christopher Trunk-Black, Senior Programme Manager at the Acceleration Programme at Copenhagen School of Entrepreneurship (CSE), university is one of the best times to test your idea:

“At university, you already have a support system: you are receiving SU and don’t have to think about money and funding immediately. Besides this, you have access to so many helpful resources such as CSE, your teachers and your fellow students,” he says.

The saying: ‘Fail fast, fail often’ is very accurate according to Christopher Trunk-Black, CSE. Photo: Claus Sall

Another important element in starting a business while you are at university is that the environment encourages you to test things, so handling the mistakes that you are bound to make is easier than when you are out in “the real world”.

“You learn from your mistakes and, as an entrepreneur find the saying: ‘Fail fast, fail often’ is very accurate. If it was easy, everyone would be doing it. That being said, failing while in a safe environment like university makes it more bearable than if you have risked everything, including your well-paid fulltime job, to start a company later,” he says.

Frederik Riber Larsen, a master’s student in Business and Development studies and co-founder of the consulting company Arriber agrees with Christopher Trunk-Black that university is a prime time to start a company:

“University provides a playground where you can test your ideas in a safe environment. I feel that failing and learning while at university would not hurt as much as failing afterward. And suppose you wait until after graduation to start a company. In that case, you will miss out on knowledge, competent feedback and valuable learnings,” says Frederik Riber Larsen.

Start-up made classes more meaningful

The idea of creating Arriber came to Frederik Riber Larsen in class during his first semester at CBS. He looked at his classmates and thought that, with their combined knowledge, they could do a lot to help companies expand to other countries.

However, it was not until he took a gap year between his bachelor’s and master’s degrees to work at the Trade Council at the Royal Danish Embassy in Barcelona that the company was started. Frederik called one of his friends from CBS, Simon Holm Madsen, who was doing a similar internship at the Trade Council at the Royal Danish Embassy in Berlin. Simon agreed with Frederik that they could help other companies expand to new international markets through their own consulting company. Now they help companies to validate the potential of new markets, get their first clients and establish subsidiaries.

I have ADHD, and I lose focus quickly if the subject in class doesn’t interest me. Starting Arriber helped me find more meaning in my classes.

Frederik Riber Larsen

For Frederik Riber Larsen, starting his own company made his classes much more relatable to him.

“I have ADHD, and I lose focus quickly if the subject in class doesn’t interest me. Starting Arriber helped me find more meaning in my classes since I always think of how to use what I am learning in Arriber. It has made my education more meaningful, and my development as a student has been incredible because of it,” he says.

Explore your start-up in class – even if it’s only an idea

Because starting his own company has been so valuable for Frederik Riber Larsen, he encourages other students to follow suit, even if they are only remotely interested in the idea.

“You don’t need a company registration number (CVR-nummer in Danish). You can start by exploring an idea you have and use the knowledge you gain in classes to make it more tangible,” says Frederik Riber Larsen.

Christopher Trunk-Black seconds this, adding that even if you only have an idea, you are still more than welcome at CSE.

“At one of our recent bi-weekly kick-off meetings for startups, there was one guy who had nothing but a lot of yellow post-it notes about his idea on his wall at home. This is just to say that you don’t need a well-established startup to receive guidance and mentoring at CSE and even if your ideas come to nothing, you will still have learned a lot by exploring them,” he says.

Work as an intern at your own company

One of the ways that the students affiliated with CSE can explore their companies is by doing an internship at their own company. Frederik Riber Larsen did this last year (2022), and his co-founder Matias Vidal Andersen has an internship at Arriber scheduled for autumn 2023.

“Doing an internship at my own company meant I had a lot more time to work on Arriber and gained better insight much quicker. It was invaluable to be able to do this,” he says.

Frederik Riber Larsen adds that he could write the mandatory end-of-semester internship report in only 16 hours because it was about his own company. He had access to all the knowledge required and all the relevant data close at hand.

After he graduates from CBS this summer, he will work fulltime at Arriber and has, in effect, created his own job while at the university. Which he sees as another benefit of starting a company while studying:

“Instead of looking for a job or starting from scratch with a company, now we have a company that is already up and running and where we are earning money. Another great thing about Arriber is that we are now four co-founders, and in January 2023, we established the ApS company, meaning that we have a much better foundation for future growth.”

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

University is a great time to start a company – use it as your playgroundby

  • News

    Staff layoffs: What happens if you’re fired

    The clock is ticking. On Thursday morning (5 October), CBS employees will know if they are up for dismissal or not. But what will happen on the day? What emotional stages are you likely to encounter? And who will be there to pick you up when you are feeling the blow of being laid off? CBS WIRE has talked to HR and the consulting agency Actief Hartmanns to provide you with answers.

  • News

    Network, network, network – CBS graduates advise on getting your first job

    There are many approaches to finding your first job. Three recent CBS graduates talk about how they landed theirs. Their approaches were quite different, yet they all highlight networking as a key element.

  • News

    A-Z of the dismissals

    In these final days of September, the fate of a number of CBS employees is being decided. The final amount of money saved on salaries via voluntary severance agreements (aka redundancy packages, Ed.) and senior agreements will be known.  After this, the actual number of employees up for dismissal will be decided by management – and then the individuals will be selected.

  • News

    Layoffs break the crucial trust between organisation and employee

    CBS is laying off a number of employees soon, which will affect our university in different ways. When employees are fired without having done anything wrong, it shatters the trust between the organisation and employees, while also taking a toll on productivity, according to a CBS expert. Layoffs also affect the ‘survivors’, who are forced to adapt to a changed workload and the loss of cherished colleagues.

  • News

    Here to help – at the touch of a button and at Campus Desk

    Exam anxiety? Lost student card? I’ve wedged my car between a Fiat 500 and a lamp post, can you help? You never know what you’ll be asked next. But that’s just how the Campus Desk team like it. And if they can’t fix your problem, they’ll know someone who can. CBS WIRE asked the team about the whole range of topics they advice on every day.

  • Gif of the week
  • News

    CBS Quiz Time: Unraveling the success story

    A successful university environment such as CBS is often associated with academic pursuits, but campus life extends far beyond the classroom. At CBS Quiz Time, a student society motivated by creative thinking and social engagement, students join in a refreshing range of creativity, excitement, and social interaction. CBS WIRE talked to Celine Møller-Andersen to find out about the society’s vision, strategies and the factors that are driving its rapid expansion.

  • News

    Why so sudden? The CBS financial crisis explained

    Employees and union representatives have posed many questions in the wake of the 17 August announcement of a firing round. In this interview, University Director Arnold Boon explains how Senior Management has been working with the budget and a change of financial strategy since the fall of 2022, and why layoffs are now necessary.

Follow CBS students studying abroad

CBS WIRE collaborates with Videnskab.dk

Stay connected

Close