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Millennials and business_text

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From BBC 6 min English

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About Fill in the Blanks
business english
vocabulary
 Recommended age: 21 years old
1 times made

Created by

Tatiana Muchnick
Tatiana Muchnick
Russian Federation

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Millennials and business_textOnline version

From BBC 6 min English

by Tatiana Muchnick
1

corrupt crowdfunding collective life start opportunity quality entrepreneur entrepreneureal ups amounts millennials responsible corrupt effort crowdfunding

Ethan Mollick
There's all these platforms that let you built ventures much more easily . The growth of things like have helped make entrepreneurship more accessible , led to tons of new - . So there's a lot of new methods for launching businesses and the cost of launching new businesses dropped at the same time .

Rob
Ethan lists some of the reasons why it's now easier to become an - someone who starts their own business , often after seeing a new .

Sam
Entrepreneurs see opportunities for products and services not being supplied by existing companies , so they create start - ups - newly formed businesses intended to grow rapidly by providing for a particular market gap .

Rob
One of the main problem to starting up your own business used to be getting the large of money needed , but nowadays this can be solved with - getting the funding for a new business by asking a large number of people to give small amounts of money , usually via the internet .

Sam
But while start - up success stories have made going into business a good option , for many it's not just about making money but also about being socially and doing good . However , others argue that most big changes for the better have come from governments not millennial businesses . Here , former World Bank economist Charles Kenny cautions against overemphasising individual business over governments ?

Charles Kenny
If you are working in a place with a and inefficient government , one of the best ways you can push development in your country is to try and make that problem a little bit better . It's not something that any one individual can do , it has to be a effort , but the more we have young , committed , smart people who want to make the world a better place working in government , the more likely government is to start delivering the kind of services we need in order to ensure a high of life in that country .

Rob
So , Charles mentions the problem that governments can be - act in morally wrong or illegal ways , often in return for money or power .

Sam
The talent and passion that millennials put into starting their own business could instead be used to improve governments through collective - a group of people acting together to achieve a common goal .

Rob
It's this working together than can raise people's quality of ? level of personal satisfaction and comfort .

 
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