Starting-up financing

Текст для аудиторной работы

The young businessman must find sources of money that will last until revenue begins to exceed cash outflows. He must be creative in finding start-up funding. New small businesses can start with the businessman's own assets. On top of that, start-up financing may conic from freinds and relatives. The larger businesses can obtain funds from venture capital investors.

One of the personal assets the businessman can use to raise funds for the business is his home. The value of the home (hat the own has paid for is called the owner's equity in the home. By pledging this equity, the homeowner can obtain a second mortgage or a home equity loan.

A businessman can find another source of start-up financing by a life insurance policy. Many policies build up cash surrender value- the money that the policy holder can borrow at a low interest rate.

Those who need more funds can obtain a variable rate installment loan. It is a personal loan with an interest rate tied to the prime rate or some other index. When the index changes the rate changes in the same direction.

Some good sources of start-up funds are family members and friends. Many people can afford to lend at a low interest rate. The lender can share ownership of the business or can become a partner or shareholder in a corporation.

In some cases new companies can obtain cash from venture capital firms. These financial intermediaries specialize in funding ventures with good promise and invest in bysinesses which generate high profits within five years. Initially venture capital firms invested in high-tech industries, but now other branches enjoy this kind of financial especially those working in the health-care field. The venture capital firms provide seed money to start a new company, funds to help the venture grow and gain the market and money to buy out a business.

TEXT TWO: GETTING A JOB

In Britain there is a special service for school leavers, The Careers Advisory Service, which helps young people who are looking for their first jobs. Career Officers give practical advice on interview techniques, application forms, letters, pay, National Insurance and Trade Unions.

This is an extract from a leaflet which is given to young people by Dorset

Careers Service:

THE INTERVIEW

You've got an interview for a job - good! So now for the hard work. To do well at an interview you need to put in some thought first.

The employer wants to know if you are the person he wants, so you'll be asked about yourself. Think about it now;

What do I do well?

What are my good points?

Why would I like this job?

Spare-time interests? Hobbies?

Marital status?

What is family like?

What do I like doing and why?

What do I not like doing and why?

School activities?

School subjects?

Previous work? (Previous experience?)

Saturday job?

You will want to ask questions too.

The job itself?

Training?

Prospects?

Further education?

Conditions?

Can I see where I would be working?

Hours?

Write your questions down and take them with you.

When applying by letter:

1. Remember that first impressions are important.

2. Write clearly and neatly on good notepaper, unlined if possible.

3. Check for spelling mistakes. Use a dictionary if you are not sure of a word.

profit	прибыль
syn: income	доход
ant: a loss	убыток
net profit	чистый доход
profitable	прибыльный, доходный
a consortium	консорциум
to agree	соглашаться
ant: to disagree	не соглашаться; не соответствовать; быть вредным (о пище, климате и т.п.)
to agree to smth	соглашаться с ч-л
to agree with smb	соглашаться с к-л
an agreement	соглашение, договор
to be binding(on)	быть обязательным (для)
A good command of business English Is absolutely binding on an up-to-date manager.	Хорошее владение деловым английским языком безусловно обязательно для современного менеджера.
a job	работа; (разг.) место, служба, занятие
syn: an occupation	занятие, род занятий
to get a job	получать (находить) работу
ant: to lose a job	потерять работу
to offer a job	предлагать работу
to apply for a job	искать работу; присматривать себе работу
syn: to look for a job I'm applying for a job as computer programmer.	Я ищу работу (место) программиста компьютера.
to apply for a job to … -	обращаться по вопросу трудоустройства в...
to apply for a post -	подавать заявление о приеме на должность
to apply by letter -	обращаться с письмом
an application	заявление
an application form-	анкета (поступающего на работу)
an applicant	претендент на должность; проситель
a school leaver	выпускник школы
a graduate	выпускник университета
He’s a graduate of Oxford.	Он окончил Оксфордский университет).
The Careers Advisory Service	Консультационное бюро по профориентации
a career officer -	консультант по профориентации
syn: a career master
a carver woman	работающая женщина, имеющая специальность
She had the choice a home and a career.	У нее был выбор между домом (семьей) и работой.
to pay	платить
pay -	оплата, зарплата
What's the pay like here?	Сколько здесь платят?

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