3 of 12
BACK NEXT
Rasheed Kazmi - On to his next business venture
Gas station owner, 25
Bloomingdale, Ill.

The last seven years of my life have changed exponentially. I graduated from college and started my own business. As time neared graduation I decided to go into business against most friends' advice.

After doing research I came across a gas station for sale which I knew had potential for growth, so I went for it and invested all of my savings and even borrowed money. Soon after I took over, gas prices hit $3-plus per gallon, and I was in financial difficulty. I worked 12 hours a day, 7 days a week, for nearly 2 years and didn't have any free time.

I graduated college with a B.S. in Business and it's been three and a half years since I got my gas station. Although business is slow I have made much needed improvements to make my business successful. I work less and hired more help and have more time to spend with my friends and family.

I didn't buy a sports car or a nice condo. I am fortunate to say I still live with my parents. I'm happy to say that I paid back all of my borrowed money, recovered my investment and I'm on track to save money for my next business venture.

NEXT: Christine Boyer - The worst year I ever had

Last updated August 28 2008: 4:39 PM ET
More Galleries
7 quirky luxury products for the super rich Take a look at some of the most unusual luxury products being marketed to the top 1% in Monaco, including a rotating sunbed, hand-made wooden skis and fur coats for dogs. More
Five things to know about Putin's Russia An economic crisis, Western sanctions and a comeback currency: What's going on in Russia? More
9 up-and-coming collectible cars They're relatively cheap now but these models have already caught collectors' eyes and are expected to increase in value in years to come More

Special Offer