10
steady income – стабільний прибуток
tax – податок
tremendous – величезний
unlimited – необмежений
How to Start and Operate a Business
There are numerous reasons
that make people think about owning a
business of their own. Personal independence,
unlimited profit potential, the
opportunity to work at something that they really love and at hours they choose
are some of the reasons
people have given for trying entrepreneurship. Many
business leaders begin their
careers as entrepreneurs
after four years of
undergraduate college training and even additional graduate school training.
Many colleges now offer programmes that teach students how to start and
operate a business. Basic
information is combined with hands-on experience
and the advice of successful business consultants.
These programmes help
potential entrepreneurs to decide whether their own ideas are good and how to
follow through with them. With the
high rate of business failure, this approach
can prevent personal
financial losses.
A common way to learn about a business, and the opportunities for starting
one
similar to it, is to learn while working for someone else. It provides a source
of
steady income to people while they are planning to start their own business.
About 50 per cent of entrepreneurs start their businesses in
industries in which
they have some experience.
Evidence shows that people who come from families whose members were
in business themselves are more likely
to start their own
companies.
Unfortunately, the record shows that two out of three new businesses
fail within
their first four years.
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