Exetat d’Anglais et Correspondance Commerciale Anglaise 2020_Commercial de Gestion

Question 1

WHEN TO START A BUSINESS


Start a business when you know it : not before. Be sure you know it : have no uncertainties. Feel equal to its every demand. No question of price, of supply, of labor, and of markets should be in the least unfamiliar.

Start a business after you have observed others make the experiment. It may appear mean to look on and learn lessons from another's mistakes, but you may just as likely learn from his success. Perhaps you cannot easily find a case for observation, but inquiry will produce instances enough to satisfy the most eager.

Start a business when you have decided the question of capital. If you borrow it, remind yourself at intervals that the money is not your own. The mind has a trick of obliterating partially the distinction between capital you borrow and capital you have saved. Then you must be sure that you have guarded of measured the scale of business with the money you will spend.

Start when you are sure you were meant to be " on your own ". Some men are born servants. Other would rather fend for themselves, with a profit of 500$ a year, than work for another at 1.000$. it is all a question of temperament. There are few worse tragedies in trade than that seen in a shop governed by a man whose place is naturally that of departmental head in a large firm. In finance and management he fails miserably. He can sell goods, but can't get custom. As for book keeping, he is in the clouds.

QUESTION ON THE TESXT:
1. The most practical way of learning how to do business is to: