Vocabulary

1. to set up a small business – открыть малое предприятие

2. appropriate – надлежащий

3. lawyer – юрист, адвокат

4. to make sure – удостовериться;

5. to yield profits – приносить прибыль

6. thorough investigation into – тщательное изучение

7. to attract – привлекать

8. to be faced with (to encounter) – столкнуться с

9. loan - заём

10. to borrow – взять взаймы

11. in the prime of – в расцвете

12. to weigh all pros and cons – взвесить все «за» и «против»

13. district – район (города)

14. to choose – выбирать

Answer the questions:

1. What did you decide to do not long ago?

2. Where you experienced in business activities?

3. Whom did you decide to consult?

4. What did the lawyer recommend you to do?

5. What is it necessary for a would-be businessman to keep in mind /помнить, иметь ввиду/?

6. What difficulties did you encounter when starting your business?

7. Why were you “on the seventh heaven” when you solved your money problem?

8. What words of your lawyer do you still remember?

Ex. 4. Read and retell the text.

Doing Business Together with a Partner

It’s common knowledge that doing business has become very popular everywhere. At present it is a comparatively new and perspective tendency in modern life. So, not long ago I made up my mind to go into business. Following my lawyer’s advice I chose small business in the field of services. It goes without saying that I weighed all pros and cons before making a decision. I understand that production of goods is very profitable but provision of services is profitable too. After all, people do business for profit.

At first I wanted to be a sole trader, but then I changed my mind and organized a partnership. I went into business with my friend Jean. She has a solid background in accounting; she is good at keeping the books and ordering stock. As for me, I enjoy selling and like talking to customers.

So far our business is going pretty well, and the shop is beginning to attract more customers. I won’t be boasting if I say that we begin to make a good profit. By the way, we have a certain arrangement for distribution of profits and losses. They are equally shared. I hope to be in business for a long time.

Ex. 8. Compose a story, using the following words in the proper form.

How I Started my Business

not long ago

to make up one’s mind

to set up a small business

to be frank with you

to have no experience in

to consult the lawyer

to advise

to choose a business

in the field of

production of goods

provision of services

to weigh all pros and cons

to have to solve many problems

what customers to serve

how many customers to serve

how to attract them

to manage

to find a successful solution of

to be satisfied with

to make progress

how my business in prospering

to make big profits

Ex. 5. Read the text and do the tasks.

The Main Forms of Business Organization

Business is production, distribution, and sale of goods and services for the benefit of the buyer and the profit of the seller. In the modern world the control of production is largely in the hands of individual business people or entrepreneurs, who organize and direct industry for gaining profit. The main forms of business organization are described below.