Trying to start up a part-time business while being a full-time student in college could pose some problems for Lyle. What are the ones you think are most likely? How could he minimize their impact?

Lyle Wong has been carrying a briefcase everywhere he goes since the age of 12 and has always been glad to let anyone and everyone know that he is an up and coming entrepreneur. At the age of 14, Lyle started and ran a flea market on weekends on a field next to his house. He rented space to vendors and sold his own merchandise on consignment for a commission. He then started and ran his own landscaping company during the following three summers. This required Lyle to first persuade his older brother to use his truck and become an employee, as Lyle was not yet old enough to drive. He then started and ran a DJ business during his last two years of high school. By the time Lyle graduated from high school, he had more than $75,000 in savings and mutual fund investments.
His parents had all they could do to keep him in high school. Although he earned straight A’s, Lyle considered high school to be a waste of time and nothing but an obstacle to earning his first million. He was offered a full scholarship at a Michigan college. Thanks to some friendly and persistent convincing from his parents and from his already established business associates, Lyle agreed to give college a try as long as he could continue to conduct business.