22 | Entrepreneurship

Today you will learn 5 new English words related to "Entrepreneurship"

Author

SEWT Team
July 18, 2024

Entrepreneurship

Whether you are interested in working for yourself or maybe in business, you as an ESL learner could definitely benefit by studying “entrepreneurship”. By understanding concepts like business plans and marketing in English, you can turn your amazing ideas into reality! Today’s vocabulary will help you gain the skills needed to navigate the exciting, but sometimes challenging, world of “entrepreneurship”. Let’s jump right in!

In today’s lesson, you’re going to have:

  • 5 advanced English vocabulary words about entrepreneurship.

  • 15 examples of phrases that you can use on a daily basis.

  • Eye-catching images will help you learn and retain the vocabulary.

5 VOCABULARY WORDS

1. Networking

Verb

📚 DEFINITION

Building professional relationships and connections with others in your industry.

📄 Example Sentences:

  1. Networking events are a great way to meet potential clients, partners, and investors.

  2. Entrepreneurs should actively network to build relationships and access valuable resources.

  3. Strong networking skills can open doors to new opportunities and collaborations.

2. Pitch

Verb

📚 DEFINITION

To present a business idea or proposal to potential investors or customers, typically in a concise and persuasive way.

📄 Example Sentences:

  1. The entrepreneur practiced her pitch to ensure she could effectively communicate the value of her product.

  2. A successful pitch can secure the funding needed to get your business off the ground.

  3. Investors look for pitches that are clear, passionate, and demonstrate a strong understanding of the market.

3. Prototype

Noun

📚 DEFINITION

A working model of a product or service used for testing and feedback before full-scale production.

📄 Example Sentences:

  1. We built a prototype of the app to gather user feedback and iterate on the design.

  2. Creating a prototype is a cost-effective way to test the functionality of your idea before investing in mass production.

  3. Prototyping allows entrepreneurs to identify potential flaws and make improvements before launching their product.

4. Startup

Noun

📚 DEFINITION

A new and rapidly growing business.

📄 Example Sentences:

  1. Many startups focus on innovative technology solutions.

  2. The city is offering resources and support to help local startups thrive.

  3. With hard work and dedication, many startups turn into successful businesses.

5. Launch

Verb

📚 DEFINITION

To officially start or introduce a new product or service.

📄 Example Sentences:

  1. The company is planning to launch its new product line next month.

  2. A successful launch can generate excitement and attract new customers.

  3. We're working hard to ensure a smooth launch for our new website.

A PARAGRAPH USING THE 5 VOCABULARY WORDS

❝

The world of entrepreneurship is exciting but demanding. Many hopeful entrepreneurs begin with a unique idea for a product or service. To turn this idea into reality, they develop a prototype to test its functionality and gather feedback. The next step is to craft a compelling pitch that clearly communicates the value proposition to potential investors. With a solid plan and secure funding, the startup can finally launch its product or service. But the journey doesn't end there. Networking with potential customers and industry professionals is crucial for building brand awareness and fostering future collaborations.

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