Middle School Entreprenurship

Some students have a background or story that is so central to their identity that they believe their application would be incomplete without it. If this sounds like you, then please share your story.

“One dollar.” I smiled with satisfaction as I handed my friend a can of soda and hid the money he gave me in my shoe. It was at summer camp, when I was thirteen years old, that I discovered the “Law of Supply and Demand” and created a system that quadrupled my money in a matter of days. I wasn’t taking advantage of my friends, but rather following basic financial principles–on a summer camp scale.

The “Black Market,” as it was called, had the unit heads baffled. At the beginning of summer, our parents contributed a small amount of money for camp extras. When my camp counselor said he would be going out that night, and asked if we wanted anything, I began to think about my friends, who continuously complained about the heat in the middle of summertime. I finally said, “Would you go to Walmart and buy me a 12 pack of soda?” What cost me less than a quarter per can, I was able to sell to my friends for a dollar each. By the end of the camp session, I had earned a profit of about fifty dollars.

Fast forward to junior year and I was sitting in accounting class. Everyone was nearly asleep; however, I was fascinated by what was being taught. After the lesson my accounting teacher said, “Ok, everyone go to the computers and work on the application problem.” I sat down in my seat, remembering the lecture and how it just–by instinct–made sense to me. The assignment was worth a test grade, and as I stared at the blank balance sheet on my screen, I smiled with excitement. I began typing, and in less than two minutes all I heard around me was “How do you do this?” or “Is this thing possible?” I continued working, trying to block out the chaos. It reached a new level when people would start calling my name, rather than the teacher’s, for help. Every few seconds I heard, “Jonathan, Jonathan can you help me please, please?” I was desperately attempting to disregard everything else but my own work. Twenty minutes had elapsed and I was just about finished. My neighbors barely had the first column completed and I couldn’t figure out why they couldn’t understand the assignment. I submitted my completed work and walked up to my teacher’s desk to return a calculator. “Done already?” she asked in surprise. “Yep, it wasn’t too bad,” I said. I walked back to my seat and saw a score of 200 out of 200! That was just the beginning of my fascination with accounting.

So, I must confess, I loved studying Accounting I and II, and relished sifting through the holy trilogy of financial statements–the balance sheet, the income statement, and the cash flow statement. I learned about each of these terms, and how they interact with one another to indicate the financial health of a business. I am not sure what the general ledger of my life will be, but I do know that the nuances of entrepreneurship, business, and numbers are my assets.

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