English 2A
Module 1 – Entrepreneurship
What is an entrepreneur? – in shot:
Focus on:
- Taking risk
- Creating capital
- Creating job opportunities
- Creating innovation
Reading: Are entrepreneurs born or made?
1. Do you need a certain personality to succeed as an entrepreneur?
o Creative
o Impulsive
o Risk-takers
2. Which traits can be helpful?
o Persistance = resilience
o Optimism
o Intuition
o Perceiving
What is in a business plan?
- Executive summary: Mission, vision, ..
- Products and services: patents , technology, ..
- Market analysis: Competition, market share, ..
- Marketing strategy: Distribution channels, ..
- Financial plans and projections: Balance sheet, ..
Financial terms:
, Profit Money which is earned after paying the costs of producing and
selling goods and services
Turnover The total amount of money received from sales of goods and
services
Asset Something valuable belonging to an organisation (which can be
used for the payment of debts)
Liability Debt
Tax Money paid to the government, which is based on your income or
profits
Costs The money you need to spend to keep an organisation functioning
Interest The amount a bank charges on money that it lends
rate
Combining words:
- Raise finance, money
- Borrow money
- Carry out market research, a business plan
- Launch a company
- Cover overheads
- Write a business plan
- Repay a loan
Phrasal verbs (= verbs with prepositions):
Account for sth=
1) to form the total of something ex. About a coffee bar next to a college
building. Students account for the vast majority of their customers.
2) to explain the reason for something/cause of something ex. The recent
storms may account for the damage to many buildings and trees.
Amount to =
To become a particular amount ex. Their annual fuel bills amounted to over
6000 pounds.
Benefit from sth=
To be helped by something ex. Many oil companies benefited from the rising
price of crude oil.
Differ in/from/on/with=
+ IN To be not like something or someone else ex. The twins look alike, but
they differ in temperament.
+ FROM = ex. His views differ from those of his parents.
+ ON to disagree ex. Economists differ on the cause of inflation.
, + WITH = ex. I beg to differ with you on that point.
Focus on=
To give your full attention to what you are doing or to what is happening /to
concentrate Ex. Tonight’s program focuses on homelessness.
Rely on=
To need a particular thing or the help and support of someone, or you expect
someone to behave in a particular way ex. I rely on you for good advice / I rely
on you to fix the car
Result in/from=
+ IN = to cause a particular situation to happen ex. The fire resulted in the
damage to their property.
+FROM = if a situation or problem is caused by a particular event or activity
ex. His dificulty in walking results from a childhood illness.
Succeed in=
To achieve something that you have been trying to do or get He succeeded in
building the business into one of the leaders in its field.
Suffer from=
To experience physical or mental pain John suffers from asthma.
Vocabulary related to entrepreneurship:
Entrepreneursh Ondernemer a person who starts a business/the
ip activity of starting businesses for
profit
Venture a risky project or business idea
Profit Winst financial gain
Start-up Begin bedrijf a newly established business
Investor Investeerder a person that puts money into a
project or small business, with the
hope of eventually receiving profit
Accelerator Versneller an organization or project that
promotes or supports the fast
growth of small businesses
Incubator Incubator an organization or space dedicated
to supporting new business
ventures
Networking Netwerken to increase your community of
professional connections
Copyright Auteursrechten the exclusive legal right to use and
reproduce literary, artistic, or
musical material
Patent Octrooi, patent authorization or license granted to
an inventor that prevents others
from making, using, or selling their
invention
Module 1 – Entrepreneurship
What is an entrepreneur? – in shot:
Focus on:
- Taking risk
- Creating capital
- Creating job opportunities
- Creating innovation
Reading: Are entrepreneurs born or made?
1. Do you need a certain personality to succeed as an entrepreneur?
o Creative
o Impulsive
o Risk-takers
2. Which traits can be helpful?
o Persistance = resilience
o Optimism
o Intuition
o Perceiving
What is in a business plan?
- Executive summary: Mission, vision, ..
- Products and services: patents , technology, ..
- Market analysis: Competition, market share, ..
- Marketing strategy: Distribution channels, ..
- Financial plans and projections: Balance sheet, ..
Financial terms:
, Profit Money which is earned after paying the costs of producing and
selling goods and services
Turnover The total amount of money received from sales of goods and
services
Asset Something valuable belonging to an organisation (which can be
used for the payment of debts)
Liability Debt
Tax Money paid to the government, which is based on your income or
profits
Costs The money you need to spend to keep an organisation functioning
Interest The amount a bank charges on money that it lends
rate
Combining words:
- Raise finance, money
- Borrow money
- Carry out market research, a business plan
- Launch a company
- Cover overheads
- Write a business plan
- Repay a loan
Phrasal verbs (= verbs with prepositions):
Account for sth=
1) to form the total of something ex. About a coffee bar next to a college
building. Students account for the vast majority of their customers.
2) to explain the reason for something/cause of something ex. The recent
storms may account for the damage to many buildings and trees.
Amount to =
To become a particular amount ex. Their annual fuel bills amounted to over
6000 pounds.
Benefit from sth=
To be helped by something ex. Many oil companies benefited from the rising
price of crude oil.
Differ in/from/on/with=
+ IN To be not like something or someone else ex. The twins look alike, but
they differ in temperament.
+ FROM = ex. His views differ from those of his parents.
+ ON to disagree ex. Economists differ on the cause of inflation.
, + WITH = ex. I beg to differ with you on that point.
Focus on=
To give your full attention to what you are doing or to what is happening /to
concentrate Ex. Tonight’s program focuses on homelessness.
Rely on=
To need a particular thing or the help and support of someone, or you expect
someone to behave in a particular way ex. I rely on you for good advice / I rely
on you to fix the car
Result in/from=
+ IN = to cause a particular situation to happen ex. The fire resulted in the
damage to their property.
+FROM = if a situation or problem is caused by a particular event or activity
ex. His dificulty in walking results from a childhood illness.
Succeed in=
To achieve something that you have been trying to do or get He succeeded in
building the business into one of the leaders in its field.
Suffer from=
To experience physical or mental pain John suffers from asthma.
Vocabulary related to entrepreneurship:
Entrepreneursh Ondernemer a person who starts a business/the
ip activity of starting businesses for
profit
Venture a risky project or business idea
Profit Winst financial gain
Start-up Begin bedrijf a newly established business
Investor Investeerder a person that puts money into a
project or small business, with the
hope of eventually receiving profit
Accelerator Versneller an organization or project that
promotes or supports the fast
growth of small businesses
Incubator Incubator an organization or space dedicated
to supporting new business
ventures
Networking Netwerken to increase your community of
professional connections
Copyright Auteursrechten the exclusive legal right to use and
reproduce literary, artistic, or
musical material
Patent Octrooi, patent authorization or license granted to
an inventor that prevents others
from making, using, or selling their
invention
