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Unit 4 Setting up a Business

Ex. 4

Speaker: Thank you for coming. It's good to see so many young entrepreneurs here. Today I'm going to talk about how to get rich. The American writer Scott Fitzgerald once said 'Let me tell you about the rich. They are very different from you and me'. He's right. The super-rich have a number of personal qualities that make them different. But they aren't all good qualities. Here are some ideas for you entrepreneurs who want to get rich.

Ex. 4 a)

Speaker: Here are some ideas for you entrepreneurs who want to get rich. The first thing is, be mean. You shouldn't be too generous. John Paul Getty, one of the richest men in history, put payphones in the bedrooms of his house so that his friends couldn't make free phone calls. Number two. You should start early. Really rich people know they want to be rich even when they are children. Matthew Freud sold mice to his schoolfriends. He said he would be a millionaire by the time he was twenty-five years old. He was right. Number three. Don't be too extravagant. You mustn't waste your money on stupid things. Bill Gates doesn't wear a suit. He doesn't care about looking good because he doesn't have to look good. If you spend all your money on expensive holidays and presents, you will probably never be rich. Number four. Be confident. You must believe in yourself. Everyone has great ideas but 99.9 percent of us never do anything about them. Anita Roddick, the boss of Body Shop, says 'It's all about having a good idea and having the confidence to sell it to the public'.

Number five. You have to work hard. Work long hours. This is the most important thing. No one ever got rich by sleeping half the day. Rupert Murdoch goes to five o'clock meetings. That's 5.00 in the morning. Bernie Ecclestone, the Formula One billionaire, went to his office at 6.00 in the morning. Every day. Even when he reached the age of seventy.

Number six. Think big. Be ambitious. You shouldn't think about the limits of your business. Sell yourself to the world, not only your home town. Of course there are lots of other...

Ex. 6

interviewer: Judy, you decided to change your life a couple of years ago. What did you do? And why?

Judy: Well, I was working for a language school in France when 1 had the idea. I decided to change my life completely, and so I opened a French creperie called 'Ooh la la' in a place called Kennebunkport, Maine. It's a seaside resort about an hour and 15 minutes north of Boston in the States.

interviewer: OK. And why did you make the change?

JUDY: Well, the main reason was my two teenage boys. Things were not going well for them at school around this time. I just wanted them to have another experience in life, a real experience. We were living in France at the time and decided to create something for them to have an exciting summer job, and so I thought about the US.

interviewer: So how did you set up a business in the States? Was it difficult?

JUDY: Well, a creperie seemed good because it didn't need much investment. I wanted to be near Boston, because I have a sister who lives there, and 1 decided on Kennebunkport because it's just so beautiful. We knew there were a lot of people in summer, and so, after I figured I could make a profit, and the town said we could open a creperie, I set up the place - actually in just 15 days.

interviewer: Fifteen days? Really, extremely quick!

JUDY: Yes, but I have to say I had a lot of help. I had a good friend in Boston. She was working in the restaurant business and so she came over and she helped design the restaurant and all that. And the place is extremely cute, really it's lovely.

interviewer: It seems you obviously enjoy running a business.

JUDY: Oh, yeah. It's a lot of fun in the summertime. It's a beautiful place, and in June Kennebunkport is lobster country. People come from all over the world, go out on the lobster boat trip, ride on the ocean, learn about the life cycle of the lobster and things like that. And fish, of course.

interviewer: Sounds great. And what do the boys think?

judy: They love it, they really love it. The creperie is a wonderful expe­rience for them. They meet and talk to people and make a lot of friends. And you know, in the past they were so quiet, but now they're so much stronger and more confident. It was a good decision.

interviewer: And, finally, the big question, did you make a profit last year?

judy: Well, no! This is a special business in that we really only make money in summer - in June, July, August, maybe September and October. If the trees are beautiful, and the weather is good, we have a lot of people. But the rest of the year there is no money coming in because there aren’t enough people. So we don’t make any real profit. But it is great fun! Change is fun. Everyone should have a small business. I really recommend it.