1. Financial
Capital- Ever since I was a young girl, I was always considerate of when I
would spend money and I did the best I could not to overspend. Therefore, I now
have a good amount of financial capital that would allow me to realize this
dream of producing the ignition lock.
a. You need money
in order to run a company. This money would go towards production costs as well
as salaries and advertising costs.
b. It is rare for
such a young student to have a large amount of financial capital but any
decent-paid adult probably has a similar amount in savings as I do.
c. It would be hard
to get this amount of money if you did not already have it beforehand.
d. You can pay your
employees with benefits but you will always need money to run a factory.
2. Public Speaking
Experience- I have taken numerous public speaking classes and was in a program
in high school that bettered my public speaking.
a. This would be
important when marketing my company to other businesses and large firms.
b. It is not rare
to find someone with good public speaking skills.
c. I have this
experience from before but others can easily acquire it as well.
d. One could not
give oral presentations but rather send emails. However, this form of
communication is less effective than face-to-face communication.
3. Event Management
Experience- I have planned multiple events focusing on a diverse range of
subjects.
a. This is crucial
when planning events to get donors or require skilled employees to your
company.
b. It is rare for a
student my age to have this much experience in event management and planning.
c. This is a skill
that takes time to perfect and practice.
d. You could hire
an event planner to do this task for you but that would cost a lot of money.
4. Support of
Current Organizations- I have many connections with companies that are large
supporters of safe driving.
a. My company would
need financial support from these types of donors because we want to make a
cheap product so more consumers would be willing to buy it. However, this would
not be possible unless the cost was subsidized.
b. This is not that
rare of a characteristic to have.
c. It is easy to
reach out to these organizations and make connections with them that will
better both parties.
d. The alternative
would be to raise the cost of the product.
5. Social Media
Experience- I have worked for a company’s social media department for three
months.
a. This is
important because we want to get our product out there and make it appealing to
all sorts of customers.
b. It is not rare
for a young, professional woman to have the same social media experience that I
do.
c. Someone can take
a social media class and gain similar skills.
d. The alternative
would be to hire a social media consultant to take care of the marketing
associated with the product.
6. International
Relations Experience- I have worked and studied abroad in numerous countries
over the past couple years.
a. This is valuable
because it allows one to get to know cultural norms around the world and be
able to sell their product internationally.
b. It is very rare
to find any person who has lived, and worked, in a foreign country in the
business world.
c. It would take a
long time for someone to have the same experiences that I did while abroad.
d. There is no
substitute for hands-on international experience.
7. Social capital
(Greek Life)- I belong to the Greek community and have many connections because
of it, both in my chapter as well as in other chapters.
a. This is valuable
because I can reach out to my peers and let them know about the product in a
relaxed manner.
b. Many students,
especially at the University of Florida, are involved in Greek life so it would
not be rare to find another person with this same form of social capital.
c. One can join
other organizations and create a social network that way.
d. The substitute
would be another form of organization but it is rare to find a community as
large as the Greek community at the University of Florida.
8. Social capital
(Golden Key International Honor Society)- I serve as the president for this
organization and lead weekly meetings.
a. This is valuable
because other club members look up to me and admire my ideas and leadership.
b. It is rare to
find a president of a student organization, even though the university has over
1,000 student organizations.
c. It is possible
to gain similar experience from serving as a board member on an organization
but it is very different to serve as president.
d. The substitute
would be to serve as a president for another organization at the University of
Florida.
9. Social capital
(Jewish Student Union)- I served as the event coordinator and spoke at monthly
meetings.
a. The value I
gained from this position allowed me to see everything that happens behind the
scenes when planning a large event or function for a large group of people.
b. Holding a
position like event coordinator is very rare and only a few people are up for
the challenge.
c. One can gain
this experience by working for an event planning company but no other board
positions have to complete the same tasks as the event coordinator does.
d. The substitute
would be to serve as the event coordinator for another UF organization.
10. Social capital
(University of Florida RecSports)- I work at the gym and teach a hip hop
fitness class there.
a. This job allows
me to perform in front of 50 of my peers and lead an exercise class twice a
week.
b. This job is not
very rare, as we have a large community of staff members at RecSports.
c. Any UF student
can apply for this job but there is a tedious application, interview,
performance analysis, exam and training course that they must complete before
getting this job.
d. The substitute would
be to teach a fitness class at any local gym in the Gainesville area.
I think my top resource is the social
capital I have from being involved in the University of Florida’s Greek
community. There are so many incredible and driven members of this community
that will be CEOs and CFOs of large companies within the next few decades.
Having the privilege to make powerful connections with these people will allow
me to grow my company by spreading my message and reaching a broader network.
The Florida Greek community has given me so much already and I am eager to see
how it will continue to help me in my professional life.
Based on your post, you seem very involved in on camus extracurriculars. I wish I can balance student organization activities and course loads well like you. All I do is just study and keep the grades up and have relevant internship experience. I have participated "networking" events and making connection sort of events many times in the past. Nevertheless, when it comes to getting an internship or job offer, I have realized everything starts from ground zero unless you have a direct tie to the HR or managing director people.
ReplyDeleteIara,
ReplyDeleteI tend to agree with you that many people's social capital is one of their most valuable resources. The people you know can be the gateway to success. I think the most difficult portion of that for many people is translating knowing the people and getting a reciprocal relationship from that friendship. Just knowing someone is not enough, you have to be able to use them to further your ends.
Thanks!
Great post Iara. I agree that one of the most important resource you can have is social capital. Its so important to network with different individuals and be able to make connections with them that can possible benefit you down the line in the future. It seems like you also have a lot of other great resources that I think can make your product successful.
ReplyDelete