Comprehension

Ex. 6. Say if the sentences are true or false. Correct the false ones.

1. The forth factor of production is labour.

2. Entrepreneur is a person who looks after small children.

3. The entrepreneur is the person who undertakes production with a view to profit.

4. It is not necessary for the successful small-business owner to work hard and intelligently.

5. Entrepreneurs prefer to take risks in order to be his or her own boss.

6. Entrepreneurs are only interested in making money.

7. A driving force in entrepreneurship is charisma.

8. If you want to be really successful, you should identify your dreams before going into

business.

9. If you had a positive relationship with your father you can become a successful businessman.

10. None of the entrepreneurs had a job before they started their first business.

11. Catering trade is number one business.

Ex. 7. Complete the ideas.

1. To organize three factors of production in order to produce goods and services someone must

take the decisions of . . .

2. A driving force in entrepreneurship is addictiveness. . . .

3. Successful entrepreneurs do everything possible to minimize the real risks. . .

4. Many businesses fail because their owners were only interested in money. . . .

5. The common things for all the entrepreneurs are: . . .

DISCUSSION

1. Suppose you have $75,000 of start-up capital. What business will you invest it in? (You may

open a pizza restaurant, a shoe repair shop, an accounting firm, a sport centre, a retail shop).

Give your reasons.

2. Would you like to expand your business if it does well? To what extent?

3. Will you hire a specialist to run your company or will you be your own boss?

4. What will you do first as soon as you make a profit: invest it in your company or start buying

luxuries?

5. Do you agree with the adage: (афоризм) “You can’t get rich working for someone else?”

SUPPLEMENTARY READING

Text 3

I left England with £5 and now I'm a multi-millionaire!

A British woman who began a new life in Australia with just £5 in her pocket a few years ago has sold her business for a huge amount of money.

Cherry Haines, 39, who once worked as a market stallholder, made all of her fortune from marketing a new kind of make-up. She left England because there weren't many jobs, caught a flight to the other side of the world, and arrived without any qualifications. She only knew two people.

“The flight cost £1,500, which left me penniless. At first I stayed with a friend. Then I had a bit of luck. The friend gave me the name of Peter Maddox, an Australian businessman. I rang him and told him I was the best salesperson in England and that he should give me a job.” He liked her idea for a sort of make-up that stays on all day, so together they formed a company to market it. At first she was earning just $ 10,000 a year, but later she was getting a great deal of money every year. “Hard work means happiness to me,” she said. Her brother, Roger Haines, who is spending several weeks with her in Brisbane, said “She left school when she was 16. She had very little work experience. But she could sell a fridge to an Eskimo. Ambition has led to success”.

How much money did she have when she left England?

When did she leave England?

How much has she sold her business for?

Why did she leave England?

Did she have any qualifications?

Did she have many friends?

How much did she pay for her flight?

How much did she earn at first?

How much did she earn later?

How long is her brother staying with her?

What did he say about her work experience?

When did she leave school?