I'm taking an Accounting class and an Entrepreneur Lecture Series this semester. These classes are pretty cool, especially since they make me want to start my own business someday. In my Entrepreneur class, we have local people come in and tell us their stories of success. Almost all of them are multi-millionaires who have started some business in their basement and sold it 10 years later for millions of dollars. I think if I were to start a business, I would want to keep it and make it into a sort of family tradition. We'll see...
Anyway, thinking about these business classes made me think of this riddle. I think it was originally a Mindtrap question (best game in the WORLD, by the way . . . contrary to popular belief), but I have adapted it to make it my own. Here's the riddle:
An American man decided to start a business by buying bananas in bulk for 17 cents a pound and selling them to poor villagers in third world countries for 10 cents a pound. Interestingly, this business model made this man a millionaire in only a few short years. How is this possible?If you want to guess the answer, leave a comment. The winner will get a realistic portrait of them drawn in MS Paint posted on my blog. What a prize!
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