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How to Make Business Correctly - Personal Statement Example

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The author of the current personal statement highlights that while his grandfather was still living, he did his best to provide for his family. Actually, he had money in the bank and investments that he told all of us would be our prized possessions one day. …
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How to Make Business Correctly
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Download file to see previous pages I would be able to realize my potential as a businessman and live life to the fullest. All because my grandfather ensured that the future generations of his family would have the chance that he never had in life.
So after the properties were sold and I got my share of the inheritance, I felt so rich. I know I only received $25 thousand but to me, that meant I was in the league of Donald Trump. Unfortunately, with the money that I inherited, I decided to live as Donald Trump did also. What a big mistake that was.
The first thing I did was to resign from my job and enter into a silent partnership in a business with my best friend. He assured me that the business would have a 100% return on investment in a years time. I also put a down payment on a house in one of the upper-middle-class neighborhoods in our area and bought my dream car. It was second hand, but it was still my dream car.
My parents and other relatives kept on reminding me to set some money aside for investments and liquidity and I kept telling them not to worry, I was in control of the situation. I was not going to lose the money I had. I was too shrewd and careful to do that. I had business advice coming in from my friends and they all had various investments that I could go into quite safely. Being my friends, I did not think twice about entrusting my money to them.
All was well for a period of time. I was living the high life and getting dividends from my stock investments and loans that I gave to my friends. The business seemed to be doing well also. I will admit, I did not know anything about business. All I knew was that I was promised money in exchange for letting my friends handle my finances. I know realize what a big mistake that was.
The Wall Street crash of 2008 happened in the blink of an eye. Just like everyone else in the world, my finances were severely affected. Suddenly, my friends who invested my finances were severely affected. Suddenly, my friends who invested my finances were nowhere to be found. ...Download file to see next pagesRead More
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