Working to pay your way through school is never easy. But one entrepreneurship student at Baylor University in Waco, Texas, is trying to make things a bit better for his fellow classmates.
CO-ED Car Wash, run by senior Austin Dorchester, is a “student-operated mobile car detailing service” that uses a membership-based “club” revenue model. The employees are paid in both wages and in scholarships. The benefit of paying in scholarships is that the money cannot be taxed.
Already the company has three locations, in Waco, Austin and College Station.
“Being an entrepreneurship student, I planned to run something and to start a business right out of school,” Dorchester told the student newspaper, the Baylor Lariat. “Of course there’s some imminent concerns with experience coming out of college and running a business.” He added that, “I want my employees to have money to go toward what they need for school.”
Click here to read more about the business.