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Business English Exercise | Topic: Starting a business 1 : Business Plans

Designed to teach you words and expressions relating to all aspects of starting a business. Whether you're looking to start a small business or set up a franchise, this exercise will help you practice all the important vocabulary.

(Choose the best response for each one)

1. A good business plan defines your business and ___________________ ( = describes/lists) your goals.

2. A lot ___________________ ( = depends) upon how comprehensive your business plan is.

3. A list of your assets, liabilities and net worth is what's known as a ___________________ sheet.

4. Many new business owners rely on ___________________ ( = funding from other sources, not their own) to start and develop their business.
  outer funding
  outside funding
  other funds

5. How do you plan to get the financial ___________________ ( = money, etc.) to start your business?

6. A cash ___________________ analysis is an analysis of a company's financial "health".

7. You shouldn't ___________________ when it comes to drawing up a business plan. ( = You shouldn't take too long to finish it)
  drag your feet
  drag your shoes
  drag it along

8. We have a well ___________________ vision for our business.

9. Your business's ___________________ refers to how easy (or difficult) it is to market/promote it.
  market savvy
  market watch

10. Any bank will want to make sure your business has a good chance of being ___________________ before giving you a loan.

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