Entrepreneurs

Small business owners are also called entrepreneurs. One definition of an entrepreneur is someone who organizes, manages and assumes the risks of a business or enterprise. Other experts say an entrepreneur is a person who can “create out of nothing” a viable business.

There are a number of myths and misconceptions about what it takes to be an entrepreneur. One misconception is the people who go into business for themselves are naturally high risk-takers. Of course, there are risks in business, but real entrepreneurs aren’t gamblers who depend solely on chance to succeed.

In fact, just the opposite is true: successful entrepreneurs do everything possible to minimize the real risks associated with starting a company by studying, planning and organizing the information, people and materials they will need to succeed. They manage risk by setting reasonable and obtainable goals – then work to achieve them. In short, the successful small business owner works hard and intelligently.

Despite what many think, starting a successful small business does not always require a lot of formal education or prior management experience. Certain basic skills will be needed, plus some background in the business being contemplated. Just as important as formal education is the willingness to learn and improve the skills needed to succeed in business.

One of the biggest misconceptions about entrepreneurs is that they are only interested in making money. Entrepreneurs certainly like and respect money, but money is only a byproduct of an even bigger goal for many very successful entrepreneurs.

As one U.S. expert on entrepreneurial management observed:

Many businesses fail because their owners were only interested in money. Most really successful companies are founded by someone with an idea and a dream. Whatever money and wealth they accumulated is the result of them being willing to work night and day to make this dream a reality. If you want to be really successful, know what your dreams are before going into business.

There are also a number of common traits successful entrepreneurs share:

- a great deal of energy;

- ability to establish priorities and make decisions;

- ability to deal effectively with a wide variety of people, such as customers, employees, suppliers, possible investors and lenders;

- ability to communicate clearly and effectively;

- ability to work with numbers;

- familiarity with customers and with the products or services to be sold;

- ability to balance conflicts between business and personal goals;

- awareness of personal strengths and weaknesses.

Becoming an entrepreneur is a way of looking at the world, seeing opportunity where others see problems. It is also knowing how to use certain basic tools to achieve your goals.

Outline

1. Reasons for starting one's own business.

2....................................

3. Common misconceptions about entrepreneurs.

3.1..................................

3.2..................................

3.3..................................

4....................................

2. Read the text again and say if the following statements are true or false according to the information in the text.

1. People start their business for various reasons.

2. All the people starting their own business want to be independent.

3. Many people hesitate to set up their own business because they are afraid of failure.

4. Real entrepreneurs are like gamblers because they solely depend on chance to succeed.

5. Starting and running a successful small business requires a lot of formal education and experience.

6. Many entrepreneurs fail because they are only interested in money.

7. Ability of dealing with people and communicating effectively is an important trait of a successful entrepreneur.

3. Match the halves.

1. For some people owning their own business 2. Many people hesitate to start their business because 3. Real entrepreneurs aren't gamblers 4. Successful entrepreneurs do everything possible 5. Starting a successful small business requires 6. Many businesses fail because 7. Really successful companies are founded 8. A successful entrepreneur must

a. by someone with an idea and a dream. b. who depend solely on chance to succeed. c. have a great deal of energy. d. certain basic skills and some background in the business. e. their owners were only interested in money. f. to minimize the risks. g. they don't think they have enough education. h. has been a lifelong dream.

4. Scan through the text again searching for the English equivalents of the following collocations.

Материальное вознаграждение; мечта всей жизни; добиваться осуществления мечты (идти за мечтой); зарабатывать на жизнь; трудное, ответственное дело; жизнеспособное предприятие; мифы и заблуждения; целиком полагаться на случай; свести риск к минимуму; справиться с риском; ставить разумные, достижимые цели; образование, полученное в учебном заведении; предполагаемый бизнес; потерпеть неудачу; зарабатывать деньги; побочный продукт; воплотить мечту в жизнь; определить приоритеты; знание своих слабых и сильных сторон; достигать цели.

5. Expand on the following statements from the text.

1. People start their own business for various reasons.

2. There are a number of myths and misconceptions about entrepreneurship.

3. There are a number of common traits successful entrepreneurs share.

6. Summarize the contents of the text in 5-7 sentences.

Text 2

1. Read the following text and find out what 'franchising' is.

Дата добавления: 2015-10-31