Business People

Question 1

Entrepreneur

Answer 1

A person who sets up their own business

Question 2

Solopreneur

Answer 2

An entrepreneur working alone

Question 3

Youpreneur

Answer 3

Somebody uses their name as a brand

Question 4

CEO

Answer 4

Chief Executing Officer

Question 5

Business Tycoon

Business Magnet

Answer 5

A rich and influential business person in their industry

Ex: Elon Musk is a prime example of business tycoon.

Question 6

MD

Answer 6

Managing Director

Question 7

COO

Answer 7

Chief Operating Officer

Question 8

Describing Entrepreneurs
In my opiniob,…
As far as I’m concerned,…
The way I see it,…
entrepreneurs need to be…

Answer 8

passionate
Persistant/persevering
Creative

To be a visionary
To have a vision = have a goal, a view of the world I want to make real
To lead from the front = to set the example and lead
A bad leader will lead from behind - not setting the example

Question 9

How to set up a business

To set up = to start or beging (a business, a project, a company)

To set up a start up

To found a business

To launch a business

To start a business from scratch

To start a business from square one

Answer 9

1. Get a groundbreaking idea
2. Find customer/ market needs by doing some market research
3. Make a plan/ decide a business model
   - B to B (wholesale = selling to the companies)
   - B to C (retail = selling directly to the customer)
   - Online selling
   - Monthly subscription model
4. Find investment/ capital/ money (network, get a loan from a bank, or get an ‘angel’ investor)
5. Hire employees/ create a team
6. Find a place/ location/ platform
7. Open shop - start working
8. Do marketing/ do advertising/ sell your product or service

Question 10

Which entrepreneur do you look up to?

Answer 10

To look up to = to admire

Question 11

What can we learn from great entrepreneur?

Answer 11

…

Question 12

Great questions leaders should be asking questions:

Answer 12

How can I help you?
What do you think?
What have you learnt to day?
How can we better serve our customers?

Question 13

Idioms

Answer 13

Come up with an idea = to create an idea
To build a company from the ground up = to create a company from the beginning and make it bigger
Get/have experience under your belt = have a lot of experience
To see/look at the bigger picture = to understand the big strategy (not forcus on the details)
To go back to the drawing board = try and then to begin again from the beginning

Question 14

can’t see the wood for the trees

Answer 14

to be unable to understand a situation clearly because you are too involved in it

Question 15

The person I want to describe is a man who is famous in my country

Answer 15

Respected
Much-loved
Has a good reputation

Is notorious
Has a bad reputation