Vocabulary unit 2 Flashcards
(53 cards)
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.
