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What is the riskiest business to start at the moment?

Introduction

Read through the following text and look up any vocabulary you are not sure about before answering the questions.

Conversation Summary

Risk management is an important part of any business and especially for new businesses starting out. How risky a business is to start depends on many factors including the economy, location, target market etc. A business that may have been great to start last year might be a disaster to start now.

When starting a new business, carrying out a risk assessment is vital, but often overlooked, and it is usually the businesses that do not analyse the risk that end up failing.

Questions

  • What risk factors should people think about before starting a business?
  • What would have been a low risk business to start two years ago?
  • What would be a low risk business to start today?
  • What type of business would be very risky to start today?

Key Vocabulary

  • Risk noun
  • Risky adjective
  • Risk factor noun
  • Risk assessment noun
  • Economy noun
  • Market noun
  • Overlook verb
  • Analyse verb
  • End up phrasal verb
  • Fail verb
  • Risk management noun
  • Depend on phrasal verb

Question Details

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