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Tuesday, February 26, 2013

Voices: Innovation, Start-ups, and "Expert' Advice




Yesterday I posted a guest entry from a student whose wisdom about life far exceeds mine. Today, I want to share words from another student. Her story should inspire anyone with a dream about starting a business.

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My interest in business and finance dates back to secondary school, where I excelled in mathematics and statistics. After finishing high school in China, I applied directly to universities in the States and was fortunate to have the chance to study at a highly ranked research university in the US, majoring in economics and politics. These past two years of studying also exposed me to the full range of economics courses, all of which have reinforced and solidified my interest in economics. During this process, I chose many courses related specifically to finance, such as International Finance and Financial Mathematics. Meanwhile, mathematics and statistics classes have provided me with sufficient quantitative skills for continued studies in business and finance. As an Honors Scholar, I also had the opportunity to study a greater variety of disciplines in Humanities, like politics, sociology, psychology, and media studies, among others. All of these classes have been enjoyable and enlightening, and have offered me a new and different perspective on economics and finance in particular.



I knew well that reading and lecture halls, however, were not enough. I supplemented my understanding of finance and business with a more direct approach. With some basic foundations in business and finance, I established my own start up company in June 2011 in my hometown (Shenyang) when I returned to China during freshman summer break. I started this operation when I realized that more and more foreigners came to Shenyang with great difficulties in adapting to the life there because of cultural and language barriers. They have no idea where to shop, to dine, or to find entertainment. After conducting a thorough market survey, I realized there was substantial demand for a company that aimed to ease those foreigners’ lives. We help them from every perspective: from tourism to law consulting, accommodation, transportation, and even translation. During the process of establishing the company, however, I realized there were still many things I have little knowledge about. Therefore, I understand that a higher degree of scholarship is a necessary next step, and that it will provide a solid and extensive foundation for my future career.

Shenyang



This student is being far too modest. At the current moment, she has 25 employees working for her in her business. Given that every day I read updates from many places about how start-ups and innovation are the order of the day, it is worth noting that students (again) can teach some of the ‘experts’.

In talking with students like this, I learn how they have the vision and drive to make things happen. They are not held back by fear or intimidated by the big bad world. Instead, they have an optimistic vision based on previous success and a drive to create things immediately.



I do hope that the immigration bill now up for a vote in the near future will pass. Students like this are ready to create businesses and jobs in the US. I know this as I am in touch with them. One just went to Silicon Valley to meet with a senior guy who told him to get going on his business now. He is a foreign national and if the bill does not pass, then the great idea and the jobs he would create will never happen.

I am very lucky to know bright people who have what might be called an American dream. Many of them are students from other countries. I hope to continue to encourage them to start up businesses but their future as far as staying in the country is in the hands of politicians.

If you have not been to Shenyang, you should go. I know just the person you should talk to. She goes by the name Kelly and you can contact here here: kellymayorzhu@gmail.com



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