Risk-Taking and Being Creative - Personal Statement Example

I would consider entrepreneurship to be an exceptional achievement for me as it marks the beginning of my practical life. It furthermore made me realize that I would like to benefit my country, China, and the entire global community by pursuing my studies in the field of economics.

Due to my keen interest in the world of supplies, demands, distribution, revenue, profit, and customer satisfaction, the field I would like to choose for my major is economics. After sensitive calculations and critical work, I took the initiative to start my own “mini business”. I perceived it as a business that would not only be beneficial for students but would also allow me to earn a good deal of experience in the practical world alongside the profit. By assigning target goals and dividing the entire process into the stages of ‘plan’, ‘purchase’, ‘sell’ and ‘generate revenue’, I was able to keep the business simple yet effective. The plan included listing the items that were in demand and researching the availability of wholesale vendors who could provide the required products. These items were then sold at a reasonable profit, which was later utilized for the further betterment of the business.

In the ‘revenue generation’ stage of my business venture, I calculated the amount of time, energy, and fuel consumption while commuting to the wholesale market and finally completing the purchase. With this data, I calculated a reasonable profit that was to be earned from the business. With these four stages, entrepreneurship proceeded quite smoothly, mainly because I based it all simply on the cycle of demand and supply. This business venture not only increased my interest in the field of economics but also helped me develop my business concepts by putting them into practice. Eventually, the higher management introduced a new well-equipped market within the campus, and I ended the business and decided to focus on the final months of studying for high school.

From what I have learned through my experience, I believe that I can benefit the community in better ways by further understanding the concepts of economics, which will possibly provide a solution to the world’s derailing economies. By studying subject matters such as meeting demands and supplies, converting losses into profits, benefiting humankind, and sustaining global economies, I will be able to contribute to the field of economics and the community.

Prompt 2
After discussions with my father that lasted for hours, I was forced to admit the fact that my twenty years of life have not been much of a success. Before I joined Community College, the grades that I had obtained were not up to the mark. Due to my father’s motivation and support, I had always wanted to set an example, not only for my dad but also for my children in the future. It cannot be ignored that I gained exceptional business experience at a very young age but I realized that despite starting as an entrepreneur and managing it well, there were many concepts I still had to grasp. I believe that the best possible way to be introduced to these concepts would be to undertake a university major in economics.

At the beginning of my high-school years, I was introduced to a poem by Robert Frost, titled “And miles to go before I sleep”. This poem inspired a great sense of motivation within me and continually makes me believe that there is always a lot more that life has to offer. Since I was determined in what I believed, I took an oath to bring about a change. As I resumed my studies in the Community College, I worked hard day and night. My grades started improving and I managed to get A’s in most of my subjects.

Robert Frost’s poem inspired me to act as an entrepreneur and to believe in myself even in difficult times where managing business alongside academics might have caused nothing but stress and nervous breakdowns. With the lines of this poem, I took charge of my life and its happenings. Every time the workload caved in and I thought of giving up, the lines of this poem would suddenly switch my track to one filled with enthusiasm. This is how I accomplished the greatest business experience I have had so far.

When I look back on my life, I realize that ‘change’ is the hardest to achieve if one is unwilling, yet once it is accepted with a positive mindset, it brings about better opportunities and a sense of achievement. This realization about change helped me refine my views and abilities to observe various aspects. Moreover, accomplishing the entrepreneur project allowed me to develop my communication skills by interacting with numerous students, teachers, and vendors daily. I was soon equipped with a deep compassion for solving problems and helping people to rejoice in better lifestyles and enhanced facilities.

With these accomplishments and the development of my personal qualities, I am willing to pursue my career and contribute outstandingly to the world of economics. I will work towards achieving the best and increasing my knowledge Read More