Task 6.

Date: 2015-10-07; view: 484.

Read the following statements about the article and indicate whether they are true (T) or false (F).

1. Dylan Wilk, who founded Gameplay at the age of 20, retired three years later after becoming a millionaire.

2. Gameplay is the largest British retail chain specialising in computer games.

3. Over ten percent of new businesses are started by people under the age of 25.

4. Tom Hartley inherited most of his money.

5. Andrew Collins set up his company with his chemistry teacher.

6. Shell offers loans to young entrepreneurs.

7. Entrepreneurs in their early 20s are more likely to succeed than older people who go into business for themselves.

8. Many banks are reluctant to provide financing to youngsters.

9. The bank accepted Gulam Kadir's loan application because his business concept was unusual for a young person.

10. Some customers like doing business with young entrepreneurs as they are more flexible.

Sum up what you've learned from the article about the young generation of British businessmen.

Task 7. Give Russian equivalents for the following phrases:

an essential ingredient for a successful business

to start from scratch

to be worried about starting from scratch

you can learn a great deal from those who have failed to run business clubs

not having enough finance can be fatal

the amount of money you need to start up your business

it is easy to underestimate

to work out your cash needs and monitor cashflow

well – spent time

to have a basic understanding of trading laws

failure to respect the laws

a sort of contract with the terms and details of their employment

a local tax office

how much you need to take out of each employee's wages

Speak about useful tips for startups using the above vocabulary.