Richard carries on searching for the secret of entrepreneurial success, visiting two of Britain's youngest - and most fashionable - entrepreneurs, before meeting one of the judges of Britain's very own entrepreneurial reality TV show, Dragons' Den.

Task 1

What order does Richard do these things in the video?

Exercise

Task 2

Who said these things? Did Jess & Emily say them? Did Duncan say them? Or did neither of them say them?

Exercise

Task 3

Match the start and end of these sentences from the video.

Exercise

Task 4

What do these words and phrases from the video mean?

Exercise

Discussion

Download

Language level

Advanced: C1
Upper intermediate: B2

Comments

Hello, everyone..
☆ Can you name any successful business people in your country?
- I could pick one of Indonesian's greatest entrepreneurs, Chairul Tanjung. He is the Indonesian businessman and the former minister of coordination for economics in the Indonesian cabinet. He is the owner of the CT Corps that have interests in many business including the fashion industry, media, banking, entertainment and lifestyle. He's in the list of top ten richest people in Indonesia and worth an estimated 4,8 billion dollars.
☆ Would you consider starting a business in the UK?
- The UK is one of the most popular location for inward investment. A favourable business environment which has attracted many overseas businessman. So, Do I consider setting up a business in the UK?
Yes, if you'd like to invest....
I can dream.
☆ What are the most important things a new business needs?
- I think, before you get started it's worthwhile to potential customers, by communicating with them, it will help you to understand what might make them buy from you. Spend time researching how your competitors operate, identify any weaknesses they have and don't be complacent.

I can think of Mehmet Ali Aydınlar which is the largest shareholder, the CEO of the Acıbadem Healthcare Group which is Turkey's leading healthcare institution and founded in 1992.
Who wouldn't consider starting up a business in the U.K, anyway.Absolutely, I'd love to have a business in the U.K.Having said that, I guess it is pie in the sky lol
I dare say that finding out about your market, managing your budget and promoting your products are the most important things a new business needs.

Well, I am not really familiar with the names but I can tell about a new restaurant that had been set up not long ago in Damascus. It is called Al-Maktab which means The Office if you translate it. A man wanted to establish a new concept of restos and cafés and he came up with this one. It is one of the largest in Damascus. It is very unique with a large variety of activities. You can have your hair cut, you can do some shopping, watch movies.. etc. I think his idea worked because it was very unique and he met the need of our tired people, the need of entertainment without spending much money.

When talking about setting up a new business in a foreign country, you have to consider many things: do you know the market you`re heading to, do you know the needs of it, the competitors, the mentality of its people and loads of other things. Here I can say that the most important thing a new business needs is the knowledge of the market and having the competence in terms of skills.

Well, there are many so-called ‘successful businessmen’ in my country. I mean unfortunately most of them are corrupted politics who probably think they have two lives, but I guess it’s not for me to judge and that’s because I’m pretty busy with living my own and only one.
I think that starting a business is a pretty hard thing to do especially in another country. At first the one should have a reasonable plan, then a decent initial capital or enough guts to do it on credit, and at last some reliable or at least semi-reliable connections. It’s all about taking risks, you know.

Hello, The LearnEnglish Team!
There's a misprint in the following sentence: 'Duncan has also come become something of a TV celebrity and I can’t wait to meet him.' (Transcript)
Best regards,
Dima

Hello Dima,

Thanks very much for telling us about this. I've fixed the error - the transcript is now correct, thanks to you!

All the best,
Kirk
The LearnEnglish Team

Hi,
Please, could you show how I can use learning english web site? Thank you

Hi player one,

Welcome to LearnEnglish!

We have a help section which deals with just this question. You can find it here.

 

Best wishes,

Peter

The LearnEnglish Team

Ooh! It is great fun to watch Dragon's Den, to see candidates and entrepreneurs examine and bargain with each other. But the most interesting part is to see how people's ideas are different on a would-be market buster.

UK is a great place to start a business. It has a great reputation and many unique features that are easily associated with lots of attractive ideas. These are invaluable benefits for some businesses.

Nowadays capital is not a rare resource anymore. That leaves creative and actionable ideas and the personality of the new starters the decisive factors.

Our country has a lot of well-known successful business people, some of them are listed in the 2014 Forbes Billionaires. If given the opportunity to start and have my own business in the UK, I would love to have a small restaurant that would cater from low end to high end people. I think the most important thing in opening a business is the love and the enjoyment you have when doing it. Also, we need to take advice from the people who already are successful.

To anyone who is kind enough to check my paragraph, I deeply appreciate it.

Pages