Speaking Guideline Business PART3

Part 3

1. Why do some people decide to set up their own business?

examinee : This is because a number people want to be able to say to themselves, “This is mine.” They desire to do something well on their own. They wish to see something grow that they have a direct part in. Certain individuals also would like to earn money, of course, and this might even be the main reason.

2. What are some of the dangers involved in starting a business?

examinee : Starting a business can be very challenging and risky. Raising capital for your start-up is very grueling because you are trying to sell to your potential investors something which does not exist yet. Moreover, despite all the planning in the beginning there will always be unforeseen events and circumstances including bad debts, government red tape, unexpected lawsuits, and resignation of employees.

3. What are some of things you have to do when running your own business that might not appeal to everyone?

examinee : Personally,  I don’t like being in debt so taking out a business loan wouldn’t suit me at all. I also know a lot of companies that do cold calling to try and drum up business which is something I’d hate to do.
Moreover, laying people off if the business gets into trouble would be greatly awful.

4. Which is the better working for others or starting your own business?

examinee : Several individuals choose to be self-employed or run their own businesses rather than becoming a professional employee. I think becoming  a jobholder has the lowest risk ever. They will have steady income through monthly salaries, despite that their companies might be performing poorly. And then they would have additional benefits from the company such as medical allowance, annual leaves etc. Lastly, companies are also paying the retirement funds for their employees as well. Therefore, performing tasks for other people is the better option.

5. Do you think academic education is more important than experience in business?

examinee : In my opinion, I believe that having university education is essential for scholastic jobs than bearing expertise in commercial activity. Furthermore, not all individuals possess business skills so it’s easier for college graduates to secure favorable and high paying jobs.

6. What are the skills needed to start a small business?

examinee : I think developing the necessary skills will provide your  enterprise with solid foundations. Firstly, having sound financial management skills will help you to run your business profitably and protect your financial investment. Secondly, providing good customer service and having a marketing strategy in place will help you to generate sales. Lastly, building pleasant relationships through networking will help you to grow your commercial activity and give you the support that you need. There are numerous financing

7. Is it easier to start your own business today than in the past?

examinee : Well,  I believe that creating your own enterprise is more apparent these days. Three are numerous financing options now, so businesses don’t have to go through the initial red tape that they used to and new opportunities are open to them as compared in the pas