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Lesson: Discussing Entrepreneurship

Published on September 11, 2024 | Updated on September 21, 2024

During today’s English lesson, you are going to learn more about becoming an Entrepreneur.

An entrepreneur is an individual who takes the risk to start their own business based on an idea they have or a product they have created.

Now it is time to get started


First Task: Preparing Questions

Task#1A

You will arrange the words to create some questions


Second Task: Read about Business Idea

Task#2A

Read the text and pay attention to the details

Mike’s Business Idea [Energy Engineer]

Hey there,

I’m Mike, and I’ve got some big plans. I would like to start a business about energy-efficient air conditioning services.

The name of the business would be: “EcoComfort Solutions” and I would install air conditioning systems powered by solar energy

I am not really sure yet but I would probably charge $300 for the installation fee.

My target customers would be property owners and developers who are as passionate about sustainability as I am.

My initial investment would be around $20 million colones.

But it won’t be easy. I have to break into this market and educate property owners and developers about the benefits of energy efficient air conditioning systems.

But here’s the thing – I see opportunities everywhere. With the demand for green solutions on the rise, there’s a real chance to make a difference.

Sure, there’s competition – local guys and big national firms. But I’ve got a plan. I will use ads, social media buzz to get the attention of potential clients

Starting small with just me and a small team of 2 people, but hey, you’ve got to start somewhere, right?

Jim’s Business Idea [IT Professional]

Hey there,

I’m Jim, and I’ve got some big plans. I would like to start a business about Hacked Website Repair services

The name of the business would be: “HackRepair.com” and I would clean hacked WordPress Services

I am not really sure yet but I would probably charge $200 for cleaning a site.

My target customers would be website owners whose websites have been hacked.

My initial investment would be around 5 thousand dollars.

I know it won’t be easy. Nobody knows who I am and my experience in Cyber Security.

But here’s the thing – I see opportunities everywhere. 30 thousand websites are hacked every day, so I guess there is plenty of work to do out there

Sure, there’s competition out there such as security plugins companies focused on WordPress

But I’ve got a plan. I will use ads, SEO for hackrepair.com and social media buzz to get the attention of potential clients

Starting small with just me and a friend , but hey, you’ve got to start somewhere, right?

Task#2B

Practice with a partner by mentioning key words and phrases from the text

Feel free to paraphrase

QuestionsKeywords
Type of Business
Name of the business
Product or service
Price
Target customers
Initial Investment
Challenges
Opportunities
Competition
Marketing Efforts
Number of employees

Main Task: Think about your Business

Task#3A

Pair up and answer the questions based on a small business idea you have

  1. What kind of business would you like to have?
  2. What would be the name of the business?
  3. What products or services would you like to sell?
  4. What would be the price of those products or services?
  5. Who would be your target customers?
  6. How much money would you invest in that project?
  7. What would be the biggest challenges you will face ?
  8. What would be the biggest opportunities you will face?
  9. Who are your competitors?
  10. How would you market your business?
  11. How many employees do you need to start that business?

Task#3B

Present the business idea to your professor by answering some of the previous questions


Post- Task: Thoughts on Business Ideas

Read these business ideas and think about them then choose best three start up ideas

#1Buying and Selling Crypto
#2Buying stocks in the market
#3Creating a local social network
#4Creating an app for Taxi Drivers
#5Opening a fast food restaurant
#6Opening a gym
#7Becoming a photographer
#8Becoming a personal trainer
#9Opening an online store
#10Teaching Finance on YouTube
#11Starting a dropshipping business
#12Selling properties online
#13Making videos about Costa Rica on YouTube
#14Starting an online course
#15Starting a social media agency
#16Starting a podcast
#17Getting Upwork Gigs
#18Getting Fiverr Gigs

Think about these questions and be ready to share your opinion about them

  • What are the best three business ideas from the options?
  • Why are you inclined to those three?

Manuel Campos

Manuel Campos

I am Jose Manuel, English professor and creator of EnglishPost.org and EnglishPost.net, blogs whose mission is to share lessons and exercises for those who want to learn and improve their English