Does anyone have experience with using their business as an EC? How did colleges respond to that?
Take this fictional example
Emma, senior high school student runs an import/export firm Emma Inc.
She rents an office in India, used for shipping, packaging, customer service and retail, in addition to her home designated office in Michigan. Emma Inc. is a multinational
Her annual revenue is $1,000,000
Her Gross Profit(rev-cost of goods) is $200,000 (20%)
Impressive enough for a High School student, ** BUT **
She has loans totaling $100,000, mostly due next year
She started off with funding from a VC in return for 49% of equity
Total costs end up being so high(remember the office in India) that she made no profit this year and she won’t be able to repay her loans next year(after admission)
Would it be possible for Emma to leave out the latter information? If she doesn’t, will she still be considered as impressive, given that she’s going bankrupt next year?