When you are young, you are used to a hectic schedule
College age students are used to all nighters. They are used to getting emails from a partner at midnight about something due at 8 am the following day, telling them that they did something wrong and need to finish it up by the morning. Somehow, they find a way to meet the deadline.
This is very conducive to the entrepreneurial environment. Your day does not begin at 8:30 and end at 5:00. It begins when it needs to and it ends as soon as the work for the day is done. Somedays, everything goes smooth and you can work your 8:30-5. Other days you work until after midnight. It is all dependent on things that are somewhat out of your control. No matter how good you plan, you can't plan for everything - a shipping mistake by UPS, two feet of snow hitting the ground out of nowhere causing you to be an hour late for an appointment, or your website crashing - unexpected things will always go wrong. Students are used to this. People who have worked the 8:30-5 for twenty years tend to check out mentally at 5 every day. You can't do that as an entrepreneur.
Students are used to being without money
College kids get by on Raman noodles and cheap beer. They live with three other roommates and walk to class. Most of them have part time jobs for some spending money, but they could probably get by on what they earn over the summer or what Mom and Dad give them. Why is this important? Because as an entrepreneur you are probably not going to see any income for at least six months (it depends on the business of course) and maybe for as long as a few years. For the college entrepreneur, not a big deal. For the guy who was used to pulling in $100,000 a year, it's a big deal.
When I started SportsLizard.com a few years back, I was able to do it with about $3,000 of savings from an internship I had the previous summer. I didn't make any money for a while, but it didn't really matter. You know why? I was living in my parents basement. When your cost of living is $0 it takes away a lot of the stress.
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