Topic: Starting a business 1: Business Plans

An exercise to help you learn & practice 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 to complete each of the sentences below.

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

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

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

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?
  recourse
  recurrence
  resources

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

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.
  thought
  strong
  thought-out

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

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


CHECK ANSWERS

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