My Entrepreneurship Story

I was best exposed to entrepreneurship during my senior year of high school. My economics professor taught three different economics classes to seniors. He came up with a competition where each class would design a product to sell to the rest of the school and whichever class made the most profit won. Each class had a budget of $1000. All the money was donated to charity but it still simulated the concept of a small business. I went to an all boys catholic school where we had to wear shirt and ties. Therefore, my class decided it would be a good idea to sell ties, since everyone at school had to wear one. We designed our ties as navy blue with our high school logo printed in small font all over the tie. The second class designed and sold beanie winter hats with our high school's logo on the front. The third class designed and sold sunglasses with our high school logo on the sides. However, before we started selling our products, we had to present them to our administration and get their approval since they were the ones funding the operation. Once all three ideas were approved, each class went around the school advertising their products and selling them to students for one whole week. The winter hats came in first place. Our ties came in second place. The sunglasses came in third place. I really enjoyed this project because it gave me an idea of what starting a business was like. There are so many things that go into starting a business that I had never even known about. That is why I enrolled in this class. I want to learn about all the different aspects of starting a business and what it means to be an entrepreneur. I think that it is important to have at least some knowledge about running your own business, no matter how big or small, because you never know where life might take you. I believe this class will do that for me.