Vocabulary work
Opposite of:
brick- and -mortar business
lean business
obstacles
highly capitalized company
short-staffed company
Synonym of:
cut-throat business
to evade taxes
to indemnify
to go bust
to go bankrupt
financial resources
a businessman
Discuss the questions
1. What are the advantages/disadvantages of being an entrepreneur? What risks
are involved in starting up business?
2. What are people’s goals of going into business?
3. ‘Profit is the reward for risk.’ Do you agree or disagree?
4. Is it difficult to find a profitable niche nowadays?
5. What traits make someone a good entrepreneur?
6. What are the benefits for a business to go online?
7. What factors should a business consider when planning to go online?
8. What are some ways that people can promote their business?
Tips for starting your own business
Develop an idea.
Deliver the product or service fast.
Write a business plan.
Offer new products or services.
Identify your market.
Find the right employees.
Determine the costs.
Choose a business location.
Establish a budget.
Determine tax obligations.
Find the right investors.
Buy insurance.
Determine impediments
Have a website.
What would you recommend for somebody who wants to start business in
your country?
More practice
http://www.businessenglishsite.com/esl_startingabusiness1.html#
http://content.moneyinstructor.com/1156/startingbusiness.html