English for Career Development (Coursera, week 1)

 English for Business and Entrepreneurship (week 1)

 

What I learned about the course:

English for Business and Entrepreneurship (week 1)

 

 

Entrepreneurship.

The making of a new company is entrepreneurship. A start-up, which is a company that did not exist before, can be a new business. Or a new business can be an old business that has changed so that it can be more successful.

It is more than just getting an idea, ambition, and the ability to work hard to be an entrepreneur. It also needs business experience to be an entrepreneur. To learn more about the renowned businessman, please take a few minutes now.

They are also really good at developing a strategy, such as recruiting staff and investors, and having funding. Other management styles are also shared by entrepreneurs. They are effective at launching a company and making development plans, for instance, but they may not be effective at handling day-to-day operations.

 

Example:

-       Purchasing a restaurant and altering the menu may be an example of changing a business.

 

Why Entrepreneurship?

Economic growth is the initiative that enhances people's quality of life, by creating and sustaining jobs and supporting or growing incomes. Jobs and wages, it provides people with money to invest. By creating jobs, entrepreneurship will help economic growth. This can be achieved in two ways.

A start-up generates jobs for vendors as well. Suppliers are the individuals who supply the business with things and services. In order to produce his Drybath gel from manufacturers, Marshawn needs to purchase items. He may need to purchase services like electricity or tax advice as well. There are providers as well.

For companies, innovations, goods, and opportunities are all relevant. We will be explaining these three principles in this video. An idea for a new product is often an idea to solve a problem. Some people want something to do or have and they will be supported by this idea. 

 

Example: 

-       In the article that you read, an example of this job creation can be found. Entrepreneurship is considered to be a response to the jobs problem in South Africa. Marshawn founded a company that made a gel from Drybath. Now, Marshawn has a job. 

-       And he employed other people, who still now have jobs to work for his start-up.

ns  Of this kind of innovation is improved technology in car engines.

-       When the US decided to send Americans to the moon, it did not have the technology to do so. The idea was ahead of its time. What made it happen was the support and money from the US government.

 

Product 

These successful new products began as concepts. The entrepreneurs had to explain their concepts to family, colleagues, customers and investors at some point. Entrepreneurs may use the one-sentence product overview to have simple, helpful conversations with family, friends, customers and investors about the new product. And get their thoughts on what they want or what they love.

 

A quick grammar review of how to describe the general function of a product. 

 

A present tense verb and a counterpart that is a direct or indirect object, a prepositional phrase, or an adverbial phrase are the grammatical structure. If a product has more than one position, the three questions for each function should be asked by entrepreneurs. If a product has more than one position, the three questions for each function should be asked by entrepreneurs.

 

Startups

As entrepreneurs think about forming a start-up, they need to consider what kind of company it is going to be. We are also going to understand the difference between an enterprise and a company. The word for-profit may be an adjective or a noun. That means we can claim that a corporation, where for-profit is used as a noun, is a for-profit. Or we may say, this is a for-profit organization where it uses for-profit as an adjective. Making profits is the main or most significant purpose of a for-profit organization.

 

Some popular examples are restaurants, shops, and suppliers. Most corporations are for-profit. The word non-profit may also be an adjective or a noun. The main purpose of a non-profit is to assist the society. 

Hybrid is currently primarily used as an adjective to describe the organization or social venture of nouns. The mixture of a for-profit and a non-profit is a mixed organisation. This suggests that there are two similarly relevant primary priorities for the company. To make money and to support people that are local or global.

 

Any kind of business organization is a firm. Whereas a corporation is a particular form of corporate organization or business. The word company applies to any type of business organization.

 

Remember, a company is any kind of business organization, whereas a corporation Is a legal entity separate from its investors.

 

Example:

-    -   Apple is a corporation and is not accountable or liable for any of its responsibilities or duties or obligations. That means that Apple, not its investors, must pay debt owed to a bank. Similarly, if an Apple product unintentionally causes damage to someone or something the Apple is responsible or liable for paying to repair the problem, not the investors.

  

OVERALL QUIZ SCORES FROM THE COURSE