Personal Statement Prompt 1 Risk-taking and being creative has always been a part of my nature and due to these qualities, I was able to learn the relation between supply and demand at a very young age. I have always been attentive to aspects that welcomed opportunities, the ones that would benefit others and me…
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 working, I took initiative to start off with 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 whole-sale vendors who could provide the required products. These items were then sold at a reasonable profit, which was later utilized for 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. ...
uced a new well-equipped market within the campus, while I ended the business and decided to focus on the final months of studying for my high school. From what I have learnt 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 loss into profits, benefiting human kind 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 really been much of a success. Before I had 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 future. It cannot be ignored that I had gained exceptional business experience at a very young age but I realized that despite starting off 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 ...
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