Borrowing to start a business is not easy. Getting a bank loan, particularly for a new small business, is like going through the eye of a needle. Banks favor established business people with a solid credit rating and a large bank account. They should also have experience in the business they propose to enter, and offer well-prepared business plans that show the ability to repay the loans. If you are not such a person, then you need to double your preparations to convince the banker to lend you that much needed start-up capital. If your business is new and small, bankers will need to know as much as possible about you and your business. However, many small business owners often make the mistake of not being well prepared when going to the bank to apply for the loan. Surprisingly, many loan applicants don’t even have the slightest idea how or when they intend to repay the money they request. Often they don’t even know how much money they need. When asked how much money
A. thoroughly prepare
B. do some market research
C. learn a lot about the bank
D. know the upper limit of the loan
Borrowing to start a business is not easy. Getting a bank loan, particularly for a new small business, is like going through the eye of a needle. Banks favor established business people with a solid credit rating and a large bank account. They should also have experience in the business they propose to enter, and offer well-prepared business plans that show the ability to repay the loans. If you are not such a person, then you need to double your preparations to convince the banker to lend you that much needed start-up capital. If your business is new and small, bankers will need to know as much as possible about you and your business. However, many small business owners often make the mistake of not being well prepared when going to the bank to apply for the loan. Surprisingly, many loan applicants don’t even have the slightest idea how or when they intend to repay the money they request. Often they don’t even know how much money they need. When asked how much money
A. the ability to borrow from a bank
B. the importance of borrowing money
C. the difficulty of getting a bank loan
D. the start-up of a new small business
M: Welcome to Business Start-up. Our guest today is Beth Hatfield. Beth started her own recruitment agency of temporary marketing staff when she lost her own job some years ago. Thank you for coming, Beth.
F: Thank you, Michael. Nice to be hero.
M: A lot of people think it’s the end of work when they lose their jobs. Tell us what happened in your case...
F: Well, I was working for Fast Forward, a marketing services agency. It seemed very successful — you know, with a very impressive client list... but I had heard there were cash flow problems. There was some talk of a possible takeover to save the company, but this all came to nothing. Without any notice, we were all suddenly made redundant.
M: And how did you react
F: Well, I didn’t think that there’d be any difficulty for me, or for the friends I’d worked with at the agency, in finding new jobs. My main concern was actually for one of the company’s mai
A. had financial difficulties.
B. lost a major contract.
C. was taken over.
M: I think the business meeting will start at 9:30.
W: Ok, We still have half an hour to get there.
You ask how to start a business Here is an example.
David Dawson, a serious mountain climber, was dissatisfied with soft iron pitons (锥锤), the only ones he was able to buy. They lasted just one or two climbs, and Dawson wanted to replace them with "chrome-molys" (铬率合金), which were harder, stronger and longer-lasting. Some climbers made them for limited distribution among friends, but they were not commercially available. So Dawson started Dawson Equipment Ltd. , a purveyor (承办商) of climbing equipment, as a one-man enterprise in Burbank, California, in 1958. He had no plan, no management experience and no advertising. He worked in a shed using a hand forge purchased with $ 800 of capital borrowed from his mother.
What Dawson did have was a knowledge of the kind of equipment that he needed in his own climbs, and a sense that serious climbers would follow his lead. Currently Dawson Equipment is thriving and produces over 200 products.
Business oppor
A. they were too soft to bear the climber’s weight
B. they were the only pitons he could afford to buy
C. they coul not last long
D. they were made of iron
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