Personal Best B2, Unit 10 Lesson B: Starting a Business

How old was the author when they started their first business?

• 19 years old
• 21 years old
• 25 years old

What type of business did the author start?

• Retail showroom and service shop
• Online e-commerce store
• Restaurant franchise

What was the author's annual salary in their first year of business?

• 781
• 13000
• 50000

What did the author purchase to start their business?

• A rusty Ford
• A new delivery van
• A large warehouse

How many hours a week did the author work in their first year?

• 95 hours
• 40 hours
• 60 hours

What advantage did the author have when starting their business?

• Being young with no dependents
• Having a large investment
• Having industry experience

What was the author's living situation when they started the business?

• Living at home
• Renting an apartment
• Owning a house

What did a wise man tell the author about the $13,000 debt?

• It's a small car payment for most people
• It's too much risk
• It's not enough to start a business

How does the author describe their future when they started the business?

• A blank page
• A clear path
• A risky gamble

What does the author say about raising capital as a young entrepreneur?

• It wasn't helpful being young
• It was easier being young
• Age didn't matter