I. Can you stick with it?

1. If I make up my mind to do something, I don't let anything stop me.

2. Iusually finish what I start– if it goes well.

3. If it doesn't go well right away, I quit. Why beatyour brains out?

J. How good is your health?

1. Inever run down!

2. Ihave energy for most things I want to do.

3. Irun out of energy sooner than most of my friendsseem to.

Directions: How many checks did you make beside the first answer to each question? How many checks did you make beside the second answer to each question? How many checks did you make beside the third answer to each question? If most of your checks were beside the first answer, you probably have what it makes to operate a business successfully. If not, you are likely to have difficulty and should consider getting a partner to compensate for your weaknesses. If most of your checks were beside the third answer, not even a good partner will enable you to overcome the deficiencies indicated.

Beside – біля, навколо, напроти, поряд;

Checklist – перелік;

Check – позначка; (перен.) галочка, птичка.

Exercise 3. So, you found out that you might operate business successfully. What will you start it with? Make up an essay (120 words) “How I start my business.”

Exercise 4. Insert the proper word.

Perhaps, the most important step in launching your own business is¹ … . You need to develop a comprehensive ² … … that spells out exactly what you are going to do. Your plan should describe the ³ … … for your business and set forth specific ⁴ … and ⁵ … . Although the business plan has a simple, straight forward purpose, it requires a great deal of ⁶ … . Before you even open your doors, you have to make important decisions about ⁷ … , ⁸ … , ⁹ … , ¹⁰ … and ¹¹ … . For the best results, the financial portion of the plan should include a ¹² … … of start up and ¹³ … , as well as projections for ¹⁴ … , ¹⁵ … and ¹⁶ … … for the first two years of business. With your business plan in hand, you can begin the ¹⁷ … for financing. The most common ¹⁸ … … for new businesses fall into two basic categories: debt and equity. ¹⁹ … must be repaid with ²⁰ … out of earnings; ²¹ … doesn’t have to be repaired, but it ²² … the investor to a piece of your company and a share of future ²³ … .

cash flower, personnel, thought, written statement, facilities, detailed budget, income, operating costs, profits, goals, expenses, distribution, entitles, interest, equity, basic idea, objectives, planning, marketing, debt, suppliers, sources of funds, search

Exercise 5. Answer the questions. Use information from exercise 4.

1. What is business plan?

2. What aspects should be pointed out?

3. What economic decisions should be included into the business plan?

4. What financial aspects should be included into the business plan?

5. What is the difference between debt and equity?

Exercise 6. You are going to start your business. Make up the business plan in written form. The following recommendations may be helpful for you.