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Lesson Transcript

Keith: Hi, I’m Keith.
Sadia: Hey, and I’m Sadia. The focus of this lesson is the buzzword,
Keith: Well, what do you do for a living? If you're like any of the
millions of people in America who run their own
businesses, you're an entrepreneur.
Sadia: And, if you’re French, the word entrepreneur should
sound familiar—entrepreneur is actually a French loanword
that originated sometime in the early 19th century. So, it’s not a new Buzzword, but it gets thrown around a lot these days, I think. And an entrepreneur describes a person who decides to start and run his or her own
Keith: Most entrepreneurs --- Sadia, can we have that one more time, slowly?
Sadia: Entrepreneur.
Keith: Thank you. Most entrepreneurs
are small business owners. For
example, the hot dog and pretzel vendors you see on
the streets of New York are entrepreneurs.
Sadia: So are convenience store owners, clothing store
proprietors, restaurant owners, freelance writers, and
all the other brave people who spend lots of time, and money,
and energy on making their business dreams
into reality.
Keith: Some entrepreneurs, however, lead large
companies-- many of which started as small
businesses but grew as they became more and more
Sadia: Very true. Some of the most well-known American
entrepreneurs are Steve Jobs, who started Apple, and who
Keith: Well, there's Bill Gates, who started Microsoft.
Sadia: And my girl, Martha Stewart, who's famous for sharing her
lifestyle tips on a TV show, in a magazine, and
through other media outlets. And you learned about media outlets in an earlier lesson.
Keith: Well, Listeners, have you
heard of any of these people? Who are some of the "big name" entrepreneurs in
your country? Are they well-known worldwide? Let
us know and leave us a comment!
Sadia: Anyway, while the chance to be one's own boss and
have control not only over your schedule, but over
every part of your business is very attractive - it can be very enticing -- you probably want to do it if you don’t already --
entrepreneurship is actually really hard!
Keith: Oh, there is no doubt about that! One challenge that it poses
is a demand on your time; if you’re an entrepreneur or you want to be an entrepreneur, be prepared to spend
many, many, many working hours from your office, store, your home, your bed, anywhere.
Sadia: Yep, wherever your business is located, so you won't have nearly as much "free time" as
you would if you worked a regular office job, and
your personal relationships may suffer.
Keith: Another challenge being an entrepreneur might pose
is that you may not make as much money as you
would working a standard job.
Sadia: For sure. And it may actually take years for your
business to start making money. And even after your
business starts to generate a profit, which means, “to make money,” much of that
money will have to be used not for the vacation
you've been wanting to take or for the car you want
to buy, but for business expenses.
Keith: So, it's a tough road to choose, entrepreneurship! But
more power to you if you do!
Sadia: It's funny because despite the challenges that
running one's own business can present,
entrepreneurship has become especially popular
lately as people are laid off-- or, let go--
from their 9-5 jobs. Right, Keith?
Keith: Yeah. With some extra time on
their hands, thousands of people have decided that
maybe now is the best time to make good on a
business idea that they've always dreamed of pursuing.
Sadia: That's true. You can read a lot these days about
people taking their unemployment, their lack of a job, as an opportunity
to start a business-- in hopes, of course, that eventually the
economy will get better and that when it does, they'll
be up and running.
Keith: And young people are especially attracted to
entrepreneurship because it appeals to their sense of
adventure and the power of possibility.
Sadia: Right, power, adventure, possibility. Deciding to run your own business is risky
-- one that young people don’t mind taking because they’ve got years ahead of them and, you know, if their businesses fail, which a lot do, they’ve got some time to pick themselves up and start over again.
Keith: Oh, for sure. When you're young, you feel
invincible-- and invincible means that nothing can stop you! Especially
because you don't have much to lose if things don't
work out!
Keith: Yeah, so, if you’re young, go for it. Start your own business. Are you an entrepreneur, listener? If not, would you want to
be? Do you know any entrepreneurs?
Keith: Let's take a look at the vocabulary for this lesson.
Sadia: business [natural native speed]
Keith: activity of exchanging money by buying and selling
goods or services
Sadia: business [slowly - broken down by syllable]
Keith: business [natural native speed]
Sadia: entrepreneur [natural native speed]
Keith: person who risks losing money in order to start his or
her own business
Sadia: entrepreneur [slowly - broken down by syllable]
Keith: entrepreneur [natural native speed]
Sadia: score [natural native speed]
Keith: group of twenty of something
Sadia: score [slowly - broken down by syllable]
Keith: score [natural native speed]
Sadia: be laid off [natural native speed]
Keith: to stop employing someone because there is not enough
Sadia: be laid off [slowly - broken down by syllable]
Keith: be laid off [natural native speed]
Sadia: dream [natural native speed]
Keith: something someone has wanted to do for a long time
Sadia: dream [slowly - broken down by syllable]
Keith: dream [natural native speed]
Sadia: pursue [natural native speed]
Keith: to try to do over a long time, to chase
Sadia: pursue [slowly - broken down by syllable]
Keith: pursue [natural native speed]
Sadia: loanword [natural native speed]
Keith: word taken from one language and used in another
Sadia: loanword [slowly - broken down by syllable]
Keith: loanword [natural native speed]
Sadia: focus [natural native speed]
Keith: to direct one's attention or effort on something specific
Sadia: focus [slowly - broken down by syllable]
Keith: focus [natural native speed]
Sadia: enterprise [natural native speed]
Keith: project or business that involves many people and is
Sadia: enterprise [slowly - broken down by syllable]
Keith: enterprise [natural native speed]
Sadia: challenging [natural native speed]
Keith: difficult to do but interesting
Sadia: challenging [slowly - broken down by syllable]
Keith: challenging [natural native speed]