Describe your idea of starting a new business – IELTS Cue Card
Describe your idea of starting a new business
You should say:
- What business it will be?
- How did you get this idea?
- What preparation and planning it would require?
Sample Answer 1
Every person has a desire to do something different. Similarly, when I was pursuing my graduation, I had intended to establish a jewelry store with a friend. When we were in college and needed to get ready for an event, we searched for jewelry stores that offered affordable jewelry. However, we were unable to locate one. This encouraged me to consider starting my own jewelry business.
However, due to academic pressures, we put the plan on hold for a time. Now that my friend and I both work from home and can contribute financially to the business, I believe we can plan to open it. I’ll need to get a license for this, which I’m considering doing through an agency. The next step will be to look for leased property and finish the paperwork. I’ve been thinking about making my packaging as simple as possible while maintaining high quality. I intend to have elegant yet inexpensive jewelry in the store that ladies of all ages and social classes will be able to afford. I even considered taking orders through the internet. As a result, I’ll need to sign up with a delivery website and start processing online orders.
Initially, it would be a small business because I don’t know what kind of response I would get from my consumers. As a result, I will refrain from investing a large sum of money in the business. I’m thinking of quitting my work and pursuing this business full-time once I receive a consistent return from the store and start making decent money.
Sample Answer 2
Well, I am planning to establish a small home decor business in my hometown. I think it is a good business idea for a small town like Himachal where things are not easily and readily available to people. My parents will provide financial assistance for the store, and I will run it. Initially, it would be a small business because I don’t know what kind of response I will get from my consumers.
I am currently living in Mumbai and working for a company, but I am considering returning to Himachal to live with my parents. I cannot perform my work obligations remotely. Thus I will have to resign. When I visited my hometown a few months ago, my mother requested me to bring some home decor items with me. I realized that no home decor firms were operating in my hometown. I felt starting a home decor business in our region would be a fantastic business concept. As people spend more time at home, they are becoming more interested in decorating their houses, and a new trend has emerged in which individuals instead of going to clubs, prefer to have house parties.
Starting a business needs a great deal of planning and preparation. To begin, I will need money to rent or buy a business space for the store, and then I will need to find places that can offer me home decor items at wholesale prices. After that, I’d have to invest money in staff hiring, furnishing, legal paperwork, and lastly, advertising.
- Establish – set up on a firm or permanent basis.
Eg: India established the Indian labor law scheme in 1929.
- Assistance – the provision of money, resources, or information to help someone.
Eg: Probably Mary received financial assistance from her brother, who lives in the USA.
- Obligations – an act or course of action to which a person is morally or legally bound; a duty or commitment.
Eg: Judith felt it was his moral obligation to tell the police what he knows.
- Operating – Involve in a kind of operation or being in effect
Eg: The lift is not operating properly.
- Trend – a general direction in which something is developing or changing.
Eg: There is a growing trend toward early retirement.