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1. property: something someone owns

2. punctual: arriving or happening at the arranged time; not late

3. forceful: powerful; effective; inflential Individual Work

4. underestimate: to make too low an estimate of (someone's or something's value, capacity, extent, etc,)

5. fruition: the achievement of something that has been aimed at and worked for

6. double-digit: the numbers between 10 and 99

7. trait: an identifying feature or quality, especially one that distinguishes someone's character

8. slot in: to find time to see someone or do something between various other arrangements that have already been made

9. corporation: 1.a body of people acting jointly, eg for administration or business purposes and who are recognized by law as acting as an individual

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What conditions are important for people starting new businesses? Choose the three most important from this list and compare them with your partner. Can you think of any others?

1.low taxes 2. skilled staff

3.low interest rates 4.cheap rents

5. stable economy 6. good transport links 7.training courses 8.high unemployment

9. a strong currency 10. government grants

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When starting a new business, three crucial conditions come to mind:

1. *Stable economy* (No. 5) - It's nearly impossible to thrive during economic downturns or rampant inflation. A stable economy provides a predictable environment, making it easier to manage finances and mitigate risks.

2. *Skilled staff* (No. 2) - Having a competent team is vital. Whether you're running a culinary business or a tech startup, having the right talent can make all the difference. Investing in human capital is often more valuable than flashy marketing gimmicks.

3. *Government grants* (No. 10) - This is a rare but crucial bonus, especially for students or budding entrepreneurs with limited capital. Government grants can provide the necessary funding to experiment and grow without the burden of debt.

Compared to others, some might prioritize *low interest rates* (No. 3) for easier access to capital or *good transport links* (No. 6) for smoother logistics. However, without a stable economy, skilled workforce, and initial funding, other factors can be challenging to optimize.

Other essential factors not on the list include:

- *Fast and affordable internet access* - crucial for digital marketing, e-commerce, and more

- *Streamlined regulations* - cumbersome bureaucracy can deter entrepreneurs

- *Clear market demand* - understanding your target audience is key to success

These elements can make or break a business, and it's essential to consider them when starting a new venture.

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Clearen & Juni

1. planning

Planning is the initial stage in business, where entrepreneurs set goals, strategies, and ways to run their ventures successfully

2. Stable Economy

A stable economy is crucial for business planning because it helps entrepreneurs make informed decisions and reduce risks in their business.

3.Government Grants

Support from the government, such as grants or funding assistance, is often part of business planning as it helps entrepreneurs start or expand their businesses without significant capital pressure.

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ponder: to think about something carefully. accommodation: buildings or rooms where people live or stay.

deplaning: getting off an airplane.

partake: to take part in an activity.

itinerary

boarding pass

check-in counter

meeting agenda

jet lag

accommodation

travel allowance

conference

business lounge

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How to Behave Appropriately on a Business Trip ?

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How to Behave Appropriately on a Business Trip ?

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Lower taxes allow businesses to save more money and invest in other areas, helping the company grow faster and become more competitive in the market

2.Skilled staff

Having skilled employees ensures that the business runs efficiently, delivers high-quality service, and adapts quickly to changes and challenges

3.Stable economy stable economy provides a reliable environment for planning and development, reduces risk, and attracts investment, making it easier for businesses to succeed

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How to Behave Appropriately on a Business Trip 

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How to Behave Appropriately on a Business Trip 

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As a representative of your company, you need to know how to behave appropriately on a business trip.

1. Pack all essential items in a carry-on bag to avoid being ill-prepared for business if the airline loses your luggage. Showing up for a trade show or a meeting with a client dressed in yesterday's clothes will not make a positive impression.

2. Dress professionally during the entire trip. Your attire should reflect the fact that you are on a business trip, whether you are on a plane, on a golf course or in a conference room.

3. Be prepared and be on time. You may normally arrive at the office at 8:10 every morning and not speak until after your first cup of coffee, but clients will not take kindly to your decision to be 10 minutes late for an important meeting and still need to go over your notes.

4. Use proper business language. Even though some business trips may include more casual situations, such as lunch, dinner or even golf, keep in mind that you are still representing your company, and like the old saying goes, "Loose lips sink ships."

5. Brush up on table manners and the basics of business etiquette before you go. This may help you avoid an embarrassing gaffe while on your trip.

6. Save all receipts from your trip so you can easily determine your expenses when you return.

7. Conduct yourself with grace and decorum at all times. If you are uncertain about these terms, consider buying a book on business etiquette for some light reading while on the plane.

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1. a probationary period: a period after someone starts a job, during which their employer can decide whether the person is suitable and should be allowed to continue.

2. butt in: to join in a conversation or activity without asking to.

3. on track: acting or progressing in a way that is likely to result in success.

4. put something on hold: to decide not to do it, deal with it, or change it now, but to leave it until later.

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BEFORE:

•Set a Clear Purpose & Goal

•Create a Timed Agenda

•Invite Only the Right People

•Send Pre-Reading Material

DURING:

•Start and End on Time
Respect everyone's schedule.

•Follow the Agenda
Use the agenda as your guide to keep the discussion on track.

•Encourage Participation
Ensure all voices are heard, not just the loudest ones.

•Define Action Items
Clearly state who will do what by when for every task

AFTER

1.Send Minutes

Send a brief summary of key discussion points and decisions within 24 hours

2. Distribute Action Items

Clearly communicate the list of tasks, owners, and deadlines to all attendees

3. Follow Up

Check on the progress of action items before the next meeting

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'The four Ps' form the basis of the marketing mix. If you want to market a product successfully, you need to get this mix right. 1. Product: goods or services that are sold

2. Price: the cost to the buyer of goods or services

3. Promotion: informing customers about products and persuading them to buy them 4. Place: where goods or services are available