Launching a business

Read and memorize the following words, word-combinations and word-groups:

to start a business (syn, to launch a business) — розпочати справу (бізнес)

e.g. Those thinking of starting a business should keep informed about the kinds of opportunities that exist, the personal qualities needed for success and the kinds of training available to prepare for the world of business.

to operate a business — керувати справою (бізнесом)

e.g. Many colleges now offer programs that teach students how to start and operate a business.

to face a problem — стикатися з проблемою

e.g. Small businesses face many problems.

to risk (syn. to run the risk) — ризикувати

e.g. Corporate leaders may risk their own jobs when they make major decisions that affect the future of corporation negatively.

sole proprietorship — одноосібне володіння

e.g. A sole proprietorship is a business owned by one person.

partnership — товариство, компанія

e.g. A partnership is a business organization that is owned by two or more persons.

Read and translate the text:

There are numerous reasons that make people think about owning a business of their own. Personal independence, unlimited profit potential, the opportunity to work at something that they really love and at hours they choose are some of the reasons people have given for trying entrepreneurship. Many business leaders begin their careers as entrepreneurs after four years of undergraduate college training and even additional graduate school training. Others become successful entre­preneurs without special training.

Many colleges now offer programs that teach students how to start and operate a business. Basic information is combined with hands-on experience and the advice of successful business consultants. These programs help potential entrepreneurs decide whether their own ideas are good and how to follow through with them. With the high rate of business failure, this approach can prevent personal financial losses.

A common way to learn about a business, and the op­portunities for starting one similar to it, is to learn while working for someone else. It provides a source of steady income to people while they are planning to start their own businesses. About 50 percent of entrepreneurs start their businesses in industries in which they have some experience.

Evidence shows that people who come from families whose members were in business themselves are more likely to start their own companies. Unfortunately, the record shows that two out of three new businesses fail within their first four years.

There are three main types of business organizations: sole proprietorship, partnership and corporation.

Дата добавления: 2015-11-16