Level 13 – Business – IELTS speaking Topics Vocabulary – Memrise

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to not spend more money than you are earning

to balance the books

to work for yourself/to not work for an employer

to be self-employed

to make a sales call to someone without asking them for permission first

when one company lowers its prices, forcing other companies to do the same, sometimes to a point where business becomes unprofitable

to do research into what potential customers would or wouldn’t buy

to do market research

to write a plan for a new business

to draw up a business plan

to try to get customers

to drum up business

when a business is forced to close because it is unsuccessful

to go bust

the money coming in and going out of a business

to join another person to start or expand a business

to go into business with

to start your own business

to go it alone

(see ‘to go bust’)

to go under

to have a website or social media profile that showcases your business

to have a web presence

to start selling and promoting a new product

when a company ends an employee’s contract of employment

to lay someone off

a business that is set up to bring in a sufficient income and no more

to earn more money than it costs to run the business

a business that serves a small, particular market

to make more people aware of a business

to have a business of your own

to run your own business

a report of the income a company generates through sales of products or services

to set up a business

stiff competition

strong competition from other companies in the same area of work