Business Planning


address /əˈdres/
(noun) details of where somebody lives or works and where letters, etc. can be sent
Example: Marco's business plan addresses the needs of small business owners

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

demonstrate /ˈdemənstreɪt/
(verb) 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 /dɪˈveləp/
(verb) to gradually grow or become bigger, more advanced, stronger, etc.; to make something do this
Example: Lily developed her ideas into a business plan by taking a class at the community college

evaluate /ɪˈvæljueɪt/
(verb) to form an opinion of the amount, value or quality of something after thinking about it carefully
Example: It's important to evaluate your competition when making a business plan

gather /ˈɡæðər/
(verb) to come together, or bring people together, in one place to form a group
Example: We gathered information for our plan from many sources

offer /ˈɔːfər/
(verb) to say that you are willing to give something to somebody
Example: Devon accepted our offer to write the business plan

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

risk /rɪsk/
(noun) the possibility of something bad happening at some time in the future; a situation that could be dangerous or have a bad result
Example: The primary risk for most start-up businesses is insufficient capital

strategy /ˈstrætədʒi/
(noun) 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 /strɔːŋ/
(adjective) having a lot of physical power so that you can lift heavy weights, do hard physical work, etc.
Example: The professor made a strong argument for the value of a good business plan

substitution /ˌsʌbstɪˈtuːʃn/
(noun) an act of using one person or thing in the place of another
Example: Your substitution of fake names for real ones makes the document seem insincere