Weekly Challenge #4

Part 1. Think back to your investigative question. Did you get an answer? Or did you find out something unexpected?

When people see the word, “self-made”, the first related word they come up with might be “rich”.  However, there are lots of invisible factors contribute to the success of an entrepreneur. “Self-made” is the process of accumulation. Building a bridge between the consumers and the product/service they need is the simple description of the entrepreneur’s career. They have commercial senses to find out the flaw of a market and fulfill it; their personalities affect the way they operate business positively; they’re not afraid of facing the problems. With these essential elements of a good entrepreneur, even the children from the “humble families” can make themselves a nobility.

Part 2

  1. What makes someone become a “self-made” business person?
  2. Kylie Jenner as the example to explain a process of starting up a company.
  3. 5 traits on an entrepreneur to exam what traits can be seen on a good businessman.
  4. The field for new businessmen
  5. Some successful new companies and what can be learnt from them

Weekly Challenge #3

  1. Up till now, I bet that you’ve been evaluating yourself whether you have the traits to be a good businessman/businesswoman, then you may come up with a new question, “which field can I step into and start a business?” This is a broad topic and I’m afraid that I can’t list every available choice for you. However, where there is a need, there is a market. The products and services in the markets are here to satisfy the needs and wants in people’s life. A business provides its goods or services either for people to live in a better life, or to promote the production of another company’s products. Business and consumers form a line. Material supply, production process, product delivery and the retailers are the stops in the line. When you own a company, it can be a seller and buyer at the same time. It seems the market is the ocean, various business types are the fish, the sand, the sea weeds…although they are different, they are parts of the ocean.
  2. I had no idea about “business” at all before I became a commerce student at Dawson, although I’m a child of a businessman. In the past 20 years I never had a long conversation with my father. He usually came home from the company before dawn. I remember one day morning, at 7:30 AM, when I was about to go out I heard the sound of the key in the lock and a cough–my dad came home. He slept when I was at school and when the school finished he was ready to have dinner with his business partners. Year by year, I talk less and less with my dad. But it’s interesting that I choose to study commerce because of his suggestion. He is the primary influencer for me to make this decision. Recently I’ve been curious about a vague question, “how is a business founded?” I know that I should ask my dad but I didn’t. In my memories, I never asked him about any questions that needs a long talk. Plus, I had no interest in it. But I clearly remember that my father liked to tell me his childhood story to stimulate me to study harder. He told me that my grandparents used to live in a village and the family was really poor. My father is the eldest son who started to do business after college, because he had to earn money for his brothers and sister to go to school. When I recall of it, I really admire my father because his business is “self-made” from zero. Now, all my curiosity is placed on the specific group, the “self-made”.

Weekly Challenge #2

Openness to experience (one of the 5 traits that influences the entrepreneurial performance) is to have positive attitude toward the imaginative, innovative and creative ideas and experience (Oswald, 2).  The market is extremely competitive with high “morality”, every company never stops to seize market share as much as possible. The percentage of small business’ failure rate grows as time goes on, ” approximately 20% of new businesses fail during the first two years of being open, 45% failed during the first five years, 65% during the first 10 years. Only 25% of new businesses make it to 15 years or more” (Deane, Investopedia). Also, according to Deane, one of the major problems that cause the failure of new business is that they don’t investigate the market. He indicates that an enterprise should find an unmet need and fill it, it’s not effective to create something that is not that useful to the people and push the product or service in front of them and convince them to pay the unnecessary money. (Deane, Investopedia) The numbers shows the cruelness of the market, that’s why the outstanding enterprises have the ability to sense people’s newest needs and wants, and response it with innovation as early as possible. Always remember that people’s needs and wants forms the market, it’s easier to fill it than creating a new market, and your creativity is your effective tool to compete with others in the same market. The business stands more stably when it has excellent creativity to draw attention and be popular among its target consumers. 

Weekly Writing Challenge #1

1.1 Image:

sub-argument: How to understand the term “self-made”?”

“Someone who built a company or established a fortune on her own, rather than inheriting some or all of it” (Forbes). This is how the Forbes defines the word “self-made”, it looks easy to understand, but if you look at the following case, you might doubt about this simple definition. In 2018, Kylie Jenner was nominated “the youngest self-made billionaire” by Forbes. At the beginning, I believe that some of you would feel confused about this nomination. When I read this news I felt like there are question marks floating over my head, and my two eyebrows push each other — a puzzled look stuck to my face until I finished reading the report. Her family was globally famous, with that fame the Jenner-Kardashian family has built an empire of wealth. However, if you get to know Kylie’s story of building an empire of cosmetics, you’ll understand why she’s the right person on the list of Forbes. Kylie Jenner already had millions of fans on social medias, before she found her cosmetic company. This can be seen as the accumulation of customers at the early stage. Kylie was not satisfied with her lips so she used lip liners to make her lips look bigger, her lips size got more attentions with the covers of the gossip magazines. Later, #Kylie Jenner Lip Challenge# became popular among the teenagers on social medias, this is another boost of the attention on her lips. “She used some $250,000 of her earnings from modeling gigs to pay an outside company to produce the first 15,000 lip kits.”(Forbes). Posting the coming-soon lip kits on Instagram is the easiest way for her to advertise, as simple as you post your photos of your vacation on Instagram. As expected, once the kits put on sale, they were sold out in one minute. What a marketing genius. Logically, this is the process of accumulating customer resources, building brand image with her lips, using people’s curiosity and enthusiasm from her fans for product marketing, which is a low-cost advertisement, and the final step is to launch her products. Kylie definitely got advice from her mother, but  the money to produce the lip kits was hers, and from the beginning to the end this process goes on with her name, Kylie Jenner.

1.2 Scene

When you read this definition of “self-made”, you might imagine that there’s a person comes from a not wealthy family, lives in an ordinary community, goes to a normal public school that is not far from the block, then he goes to a public university, or a college, neither of the options would bother his family with the issue of tuitions. He starts to have part-time job and save money monthly. Years later he decides to do business, with the money he saved for years, he buys some products and trades with people. With his luck and intellect of doing business, he founds a company and it expands, year by year he becomes a self-made entrepreneur and becomes a member of the bourgeoisie. Yes this can be the classic scenario of an inspirational movie.

Pathetic arguments

  1. Imagine there’s a traffic jam, there are few seconds left before the light turns red, then a car from the driveway next to you suddenly cut your line, and you have to wait for the next 3 minutes, I believe that you’ll swear at him. It’s normal for people have a road rage.
  2. Stress feels like something is pushing you to do something you’re not willing to do, but you’ll in big trouble if you don’t do it.
  3. Stress: Annoyed
  4. Children are the cutest when they know nothing. When they grow up and start to feel curious about the world, they will keep asking and their questions are annoying, that’s when you don’t find cuteness on them.

exercise

  1. I decided to do something without using my brain to think too much after solving the mathematical problems that made my brain overloaded.
  2. I decided to do something after solving the math problems 
  3.  a. I decided to do some interesting after solving the math problems 
  4. b. I decided to do something interesting after solving the difficult math problems
  5. c. I decided to do something interesting after solving the math problems that make me tired
  6. d. I decided to do something after solving the maths 
  7. e. I decided something after solving the math problems
  8. f. Do
  9. g. Do something 
  10. h. Something: a thing that is not known or mentioned by name. That’s what I meant. Anything 

Voice Writing Activity

Step One

Passing the second part of the driving test is a memorable milestone in my life. I took the driving test in China because I usually go home and spend the whole summer there. There are 4 parts in the driving test in China. The first and last ones are theories and law; the second and third are the driving. Most people agree that the second one is the hardest, which is driving with the voice command and there is electronic induction connected with the camera. I failed the first time because the wheels touched the line on the ground when I was parking. I was really frustrated because I spent a whole month practicing for the second part of the test, and I really wanted to get the license as soon as possible because I wanted to drive on the road and go anywhere I want without waiting for the bus or the metro. I felt like I got “PTSD” after failing it and I really wanted to give up, I felt nervous every time when I think of the test. I was considering if I should take the driving test in Canada. But I went to the driving school again during the winter break, then I went to take the test in a week and I passed, with the grade of 80, the minimum grade of passing the second part. That moment can be one of my happiest moments in my life, I would not disturb by the fear of failing the driving test any more. Now I’m able to drive a car going to anywhere I want, I’ve been driving on the highway twice and I can park without asking my mother how to turn the steering wheel.

Step Two

Passing the second part of the driving test is a memorable milestone. I took the driving test in China because I go home during the summer. There are 4 parts in the driving test in China. The first and last ones are theories and law; the second and third are the driving. I’ve seen lots of votes on social media and the results always show that the second part in the most difficult one in the driving test. I failed the first time and I wanted to give up because I hate the sudden failure after practicing successfully for so many times, I was afraid of it, it was such a nightmare. But I decided to try again, I felt like a loser if I didn’t have the courage to take the test again and could’t get a driving license. Finally I passed the test with the 5-day practice. I passed the third and fourth parts and I got my driving license in two weeks, on my birthday. It’s the happiest moment in my life.

Step Three

Passing the second part of the driving test is a memorable milestone. I took the driving test in China because I always go home and stay there for the whole summer. There are 4 parts in the driving test in China. The first and last parts are theories and law; the second and third parts are the driving. I’ve seen lots of votes on social media and the results always show that the second part in the most difficult one in the driving test, I totally agree with that and my vote always goes for the choice of “the second part”. I failed the first time of taking the test of the second part because the camera recored that the wheels touched the white line of the parking spot on the ground when I parked, then the electronic induction sent the message to the voice command and told me that I failed. I was frustrated and wanted to give up because I was afraid the failure would happen again. It was the psychological torture. But I tried again after practicing for 5 days. Finally I passed the second part with the grade of 80, which is the minimum grade of passing the part, and that moment is one of the most incredible moments in my life. I will be a driver who will never break the traffic rules for my safety, and I don’t want to take the driving test again.

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