30.01 Running business Flashcards
to show someone how to do a job or activity
show someone the ropeS
*Lynn spent an afternoon showing the new girl the ropes.
*It will take a few weeks for new employees to learn the ropes.
money used to start or invest in a business
capital
*I want to start my own business if I can raise the capital.
idiom:
to take a risk
stick your neck out
*I’m really sticking my neck out by investing my money in this idea.
rich and successful as a result of your own work and not because of family money
self-made
a self-made man/millionaire
having or showing realization, perception, or knowledge
-know about
be aware OF
- be aware of the danger
- aware of the latest advances in medicine
(verb) to be greater or more important than something else
outweigh
*the advantages outweigh the disadvantages
idiom: at risk of failing or being harmed
on the line
*Firefighters regularly put their lives on the line.
to have or get an opportunity to attempt to do something
have a crack AT
- We had a crack at surfing during a break in Barbados.
- It’s time to let someone else have a crack.
unable to pay what you owe
go bankrupt
*He went bankrupt after only a year in business.
to have a strong wish or hope to do or have something
aspire to something
*Few people who aspire to fame ever achieve it.
*He aspires to be a cafe owner
collect information about something
gain knowledge(-)
*If you don’t ask questions, you won’t gain knowledge.
The phrase is used to express proficiency or skill in a particular area
I’m good at (ex. math)
*I’m good at drawing.
set up a business
run a business
✅ She runs a small bakery in the city.
to become wealthy or financially successful
Get rich
✅ Some people get rich through hard work, others through luck.
- to turn off
- to stop paying attention
switch off
*Many people in stressful jobs find it difficult to switch off when they come home.
o be self-employed rather than working for someone else
work for myself/yourself
✅ I don’t have a boss because I work for myself.
the ability to choose and act independently without external control
The freedom to make my own decisions
✅ She values the freedom to make her own decisions about her career.
the freedom and opportunity to express ideas and innovate
Room to be creative
✅ Designers need room to be creative to produce unique work.
to receive recognition or praise for something, especially for a successful outcome
Get the credit
✅ He worked hard but didn’t get the credit he deserved.
keep the financial gains from a business rather than sharing
Keep the profits
✅ As a business owner, she keeps the profits from her bakery.
to cease operations or stop being able to sell goods or services, typically because of financial failure
Go out of business
✅ Many small shops went out of business during the pandemic
an important duty or task that requires significant attention and effort
A major responsibility
✅ Managing a team is a major responsibility.
idiom: to take resoinsibility for smth that is wrong or has not succeeded
carry the can
- As usual, I was left to carry the can.
idiom: held as an idea in your mind, but not thought about frequently
in the back of your mind
- Somewhere in the back of my mind I knew I’d met him before.
phrase: to not treat someone or something according to the usual rules
to make an exeption for
idiom: to consider or include something when making a decision or forming an opinion
take smth INTO account
*A good architect takes into account the building’s surroundings.
Phrase: not always
only in some cases
✅ We allow extensions only in some cases, depending on the situation.
idiom: partly, or to a limited degree
up to a point
*Of course there is some truth in all this, but only up to a point.
*I understand his feelings up to a point.
it is quite likely to happen
fair chance
*There’s a fair chance that what he’s saying is true.
phrase: very probably; almost certainly
In all likelihood
- In all likelihood, everything will go to plan.
when something that was predicted or expected actually happens
prediction comes true
✅ His prediction came true when the company went bankrupt.
to have no more of something left
run out
- My passport runs out next month - I must get it renewed.
✅ We ran out of milk, so I need to buy more.
✅ Hurry up! Time is running out.
lack, deficit (syn)
shortage
*There will be more and more water shortages
phrase: to remember or consider something when making a decision
bear/keep something in mind
✅ Keep in mind that the store closes at 8 PM.
✅ Bear in mind that this project will take a lot of time.
✅ I’ll keep your advice in mind when writing my report.
idiom: to think very hard especially to remember or solve a problem
rack your brains
I’ve been racking my brains all day but I can’t remember her name.
