Level 2
Level 1

Business


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to balance the books
to not spend more money than you are earning
to be self-employed
to work for yourself/to not work for an employer
to cold call
to make a sales call to someone without asking them for permission first
cut throat competition
when one company lowers its prices, forcing other companies to do the same, sometimes to a point where business becomes unprofitable
to do market research
to do research into what potential customers would or wouldn’t buy
to draw up a business plan
to write a plan for a new business
to drum up business
to try to get customers
to earn a living
to earn money
to go bust
when a business is forced to close because it is unsuccessful
cash flow
the money coming in and going out of a business
to go into business with
to join another person to start or expand a business
to go under
‘to go bust’
to have a web presence
to have a website or social media profile that showcases your business
to launch a product
to start selling and promoting a new product
to lay someone off
when a company ends an employee’s contract of employment
lifestyle business
a business that is set up to bring in a sufficient income and no more
to make a profit
to earn more money than it costs to run the business
niche business
a business that serves a small, particular market
to raise a company profile
to make more people aware of a business
to run your own business
to have a business of your own
sales figures
a report of the income a company generates through sales of products or services
to set up a business
to start a business
stiff competition
strong competition from other companies in the same area of work;face ***
to take on employees
to employ people
to take out a loan
to borrow money
to win a contract
when a business gets legally-binding work with an individual or company
to work for yourself
to be self-employed
to go it alone
to start your own business