Vocabulary unit 2 Flashcards
an entrepreneur
someone who starts their own
business
He’s an entrepreneur who
made his money in computer
software.
entrepreneurial
relating to someone who starts
their own business
Students use their
entrepreneurial skills to
present a business plan.
entrepreneurship
the activity of making money
by starting or running
businesses
The new business opportunities
have encouraged
entrepreneurship on a grand
scale
to support
to help someone emotionally
or in a practical way
My family has always
supported me in whatever I’ve
wanted to do
supportive
giving help and
encouragement
Children with supportive
parents often do better at
school than those without.
inspiration
someone or something that
gives you ideas
Dreams can be a rich source of
inspiration for an artist.
to inspire
to give someone the idea for
something, to make someone
feel that they want to do
something and can do it
A drama teacher at school had
inspired Sam to become an
actor
inspirational
giving new ideas; making
somebody want to create
something
He gave an inspirational talk
on overcoming obstacles in life
potential
the possibility to succeed
The region has enormous
potential for economic
development.
to make a profit
to earn more money than you
have spent
It’s very hard for a new
business to make a profit in its
first year.
to make a loss
to spend more money than
you earn
My company made a loss last
year and had to lay off three
employees.
profitable
making a profit
The company had to eliminate
200 jobs to stay profitable.
to cut expenses
to lower costs
If you want to start making
money, you need to cut
expenses.
overheads
the necessary costs involved in
production such as rent and
heating
Many businesses are moving
out of New York because the
overheads there are so high.
benefits
the positive aspects; extras you
receive on top of your salary,
such as a company car
In addition to my salary, I also
get benefits, including health
care.
beneficial
having a good effect
A good diet is beneficial to
health.
an employee
someone who is paid to work
for someone else
The company has 70
employees.
an employer
a person or company that pays
people to work for them
She felt she had been unfairly
treated by her employer.
the CEO (Chief Executive
Officer)
a person with the most
important position in a
company
Bill Gates was the CEO of
Microsoft
a salary
a fixed amount of money that
you receive from your
employer, usually every month
He earns a decent salary.
a wage
the amount of money a person
regularly receives for their job
The job pays very low wages.
raw materials
what you process into a
finished product
These trees provide the raw
material for high-quality paper.
a start-up
a new enterprise; a business
that has just begun
A start-up is a business that
has just begun.
to found a company
to start a business
Her family founded the
company in 2010.
the founder
a person who starts an
organization
She is the founder and CEO of
the company
a competitor
another company in the same
industry as yours; an economic
enemy
Their prices are better than any
of their competitors.
to compete
to try to be more successful or
better than somebody else
who is trying to do the same as
you
It’s difficult for a small shop to
compete against/with big
supermarkets.
competitive
wanting to win or be more
successful than other people
We have to invest in new
technology if we want to stay
competitive.
to be subsidized
to receive financial aid from
the government
The housing projects are
subsidized by the government.
a subsidy
money given by a government
to pay part of the cost of
something
The company received a
government subsidy.
supply and demand
what is on offer and what
people want
The price of a product rises and
falls with supply and demand.
a stockholder (Am. E) /
shareholder (Br. E)
someone who has put money
in a company and is part
owner
A shareholder is an investor
who owns one or more shares
in a company.
shares
equal parts that the value of a
company is divided into
She buys and sells stocks and
shares
to invest
to give money to a business
because you hope to get a
profit
She personally invested
£50,000 in the company
an investment
an amount of money you have
put into a company
We plan to buy some property
as an investment
an investor
someone who puts money in a
business to make a profit
This is an excellent deal for
investors who are interested in
smaller companies.
a community
a group of people with the
same interests, nationality,
job, etc.
He’s well-known in the local
community.
a choir
a group of people who sing
together
He sings in the church choir.
a mob
a large, angry crowd that could
easily become violent
The angry mob was/were
preparing to storm the
building.
to gather
to collect or to come together
I went to the library to gather
information about the plans.
collective
shared by every member of a
group
We made a collective decision
to quit our job.
crowdfunding
getting a large number of
people to each give small
amounts of money in order to
finance a project, typically
using the internet
I have a great business plan,
but no seed money. Maybe I
should look into crowdfunding
to get it started
crowdsourcing
giving tasks to a large group of
people by asking for help on
the internet
Advertising agencies believe
crowdsourcing is an excellent
way for a company to discover
new marketing ideas.
a participant
someone who takes part in an
activity
All participants finishing the
race will receive a medal.
a bystander
someone who is watching an
activity but is not taking part in
it
The gunman began shooting at
innocent bystanders.
to participate
to take part in an activity
She never participates in any of
the discussions
a volunteer
a person who does something
for free / without having to in
order to help others
We’re saving money by using
volunteers.
to volunteer
to offer to do something
without getting paid for it
Rob volunteered to look after
the children.
to collaborate
to work together
Two writers collaborated on
the script for the film.
collaboration
the situation of people working
together to create something
The show was a result of a
collaboration between several
museums.
to contribute
to give something in order to
achieve something together
with other people
Come to the meeting if you feel
you have something to
contribute.
a contribution
something that you do to help
produce something, or to help
make something successful
All contributions for the school
magazine must be received by
1 June
addictive
If something is addictive, it
makes people unable to stop
using/doing it
Heroin is extremely addictive.
