Business Planning

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address
address /əˈdres/
(n,v) a formal speech that í made in front of an audience
Example: Marco's business plan addresses the needs of small business owners


avoid
avoid /əˈvɔɪd/
(v) to prevent something bad from happening
Example: To avoid going out of business, owners should prepare a proper business plan


demonstrate
demonstrate /ˈdemənstreɪt/
(v) to show something clearly by giving proof or evidence
Example: The professor demonstrated through a case study that a business plan can impress a lender


develop
develop /dɪˈveləp/
(v) to gradually grow or become bigger, more advanced
Example: Lily developed her ideas into a business plan by taking a class at the community college


evaluate
evaluate /ɪˈvæljueɪt/
(v) to form an opinion of amount, value or quality of something
Example: It's important to evaluate your competition when making a business plan


gather
gather /ˈɡæðə(r)/
(v) to come together, or bring people together
Example: We gathered information for our plan from many sources


offer
offer /ˈɒfə(r)/
(n,v) to say that you are willing to do something for somebody
Example: Devon accepted our offer to write the business plan


primarily
primarily /praɪˈmerəli/
(adv) mainly
Example: The developers are thinking primarily of how to enter the South American market


risk
risk /rɪsk/
(n) the possibility of something bad happening at some time in the future
Example: The primary risk for most start-up businesses is insufficient capital


strategy
strategy /ˈstrætədʒi/
(n) a plan that is intended to achieve a particular purpose
Example: A business plan is a strategy for running a business and avoiding problems


strong
strong /strɒŋ/
(adj) having a lot of physical power
Example: The professor made a strong argument for the value of a good business plan


substitution
substitution /ˌsʌbstɪˈtjuːʃn/
(n) to take the place of somebody / something else
Example: Your substitution of fake names for real ones makes the document seem insincere