My entrepreneurship story:
When I was in high-school I started selling blow pops to
other students. My mother had recently joined Sam’s Club and I talked her into
buying me my first bulk box of candy. I sold them for 25 cents each at first.
The box sold out in the first week. I wasn’t a big fan of the candy so I didn’t
eat too many of them and hurt my profits. As I got to know my customers over
time, I learned that watermelon and sour apple flavors were in high demand and could
be sold at a premium for $0.50 each. After tapping in to the market
consistently with the same product, the demand for the regular cherry flavor
decreased. About a month later, I upgraded my offerings to include a few candy
bars that I sold for $1.00 each. The profit on the candy bars was much greater
and inventory moved faster. However, during the hot summer months, my stock of
candy bars could be at risk of melting. I started to bring a small cooler to
keep the candy bars cool. The coldness increased the demand. My mother was
making a trip to Sam’s for me every week. Other kids saw the money I was making
and started to compete with me and sold candy of their own. The supply flooded
the market and business started to drop. The large quantity of sales between multiple
students was noticed and since selling candy was prohibited at school, my
business was terminated.
The reason I enrolled in ENT3003 was because it is a
requirement for UF Online Business students. However, I find the subject
interesting and probably would have taken the class if not required to anyway.
Hey Brian, I relate with you story completely. My story had to do with a friend of mine in elementary who would sell items and candy to other students, so you are another person who shares the same story as me, instead in mine I watched from the outside but you were the one who is actually selling the items. Also, I also took this class as a requirement but I did find the subject quite interesting so I signed up for it.
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