English for Entrepreneurs: A Resource Guide for Risk-takers (2024)

English for Entrepreneurs: A Resource Guide for Risk-takers (1)

By English for Entrepreneurs: A Resource Guide for Risk-takers (2)Archita Mittra Last updated:

What type of person are you?

Would you rather work for someone else, do what you are told and earn a steady paycheck?

Or do you prefer taking risks, being your own boss and living a life that may be difficult, but is full of freedom?

If your answer to this last question is yes, congratulations: You are an entrepreneur.

But don’t worry. This doesn’t mean you need to start climbing mountains or parachuting out of planes.

It just means that you are looking for a more challenging, independent way to succeed in business.

You might be someone who has just launched their first start-up, or you might be in the process of launching one. Alternatively, you might be in a day job that you are planning to leave, in order to start your own business.

Or you may not even have a business model yet, but you are toying with the idea of becoming an “entrepreneur” and living life on your own terms.

No matter which category you belong to, you are going to need some resources to get started and improve your English skills to succeed.

And this is where I come in, to help you out.

Download: This blog post is available as a convenient and portable PDF that you can take anywhere. Click here to get a copy. (Download)

How to Prepare Your English Skills for Being a Successful Entrepreneur

Before you head on to the resources below, it is important to understand what steps to take to follow through in your learning process.

  • Polish your speaking skills. To be an entrepreneur, you need to be a confident and fluent speaker. Whether you are giving a presentation or trying to attract a potential investor, you need to communicate efficiently and clearly in business English.
  • Polish your writing skills. You will have to do a fair amount of paperwork and writing out cover letters and business proposals. You have to come across in writing as articulate (able to express yourself clearly) and intelligent, as someone who knows what they are doing.
  • Cultivate (develop) the right personality.As an entrepreneur, you can’t be passive and wait for others to give you orders. You have to be active, adventurous, open-minded and willing to take risks. Work on becoming more extroverted (talkative and outgoing), develop the English skills for confident speaking and leadership, and remain positive.
  • Network with other entrepreneurs. Talking to other people in the same field will help break the “communication barrier” and lead you to better opportunities. Make sure you do your bit to support your fellow entrepreneurs, too.
  • Have a dream and work hard to achieve it. You have to start with an idea, but you have to develop it to fruition (completeness). Work on your vision and fine-tune the details until it is perfect. You will have to learn and master the English vocabulary specific to your industry. But you will also have to remember to remain practical, and be ready to make compromises with others in order to turn your idea into reality.

Online Courses

Online courses are a wonderful way to build your business knowledge base and polish your language skills at the same time. Many of them are free or cheap, and you can learn at your own pace.

Coursera

When it comes to MOOCs(Massive Online Open Courses), Coursera tops the list. The courses listed below are free and are taught by faculty from leading universities, so you get the best of both worlds (studying at home for free and being taught by experts).

  • English for Business and Entrepreneurship. This course was created by the University of Pennsylvania and is especially for non-native English speakers “who are interested in learning more about the global business economy.” It is a beginner-level course that will only take 5 weeks to complete, and you only have to commit 2-4 hours of your time per week. It is divided into 4 units and covers what it means to be an entrepreneur, how to successfully conduct market research, how to create a business plan and how to attract the right kind of investors and monetary support.
  • Business English: Management and Leadership. While the earlier course is focused entirely on the “business” part of entrepreneurship, this course will give you a rundown of all the skills that are required to be a successful entrepreneur, particularly the art of using language effectively to make a point and persuade others. This course was created by Arizona State University.

It has subtitles in Spanish, and is a 6-week course to which you only have to commit only 1-2 hours per week. As an entrepreneur, you cannot always work alone, and this course will guide you on how to create your own team, manage different projects, coach juniors or interns and delegate (assign) responsibilities. In short, you will develop the leadership and management skills that every entrepreneur has to cultivate to be successful.

Alison

Alison is similar to Coursera in providing free online courses by experts, but their courses tend to be more specific and short-term. So if there is a specific entrepreneurial skill you want to cultivate or you want to improve your entrepreneurial vocabulary, you are likely to find helpful resources here.

Browse the website with the “entrepreneur” tag and you will find there are several other individual courses to choose from, for different needs and goals.

Podcasts

Podcasts are a great learning resource, especially when you are short of time. You can listen to them while you are traveling and take notes.

Listening to podcasts about entrepreneurship will not only teach you how to run your own business, but also the kind of speaking required for doing so. You will learn how to use your voice and say the right words to get things done. If you listen daily, chances are that you will improve faster.

Seth Godin’s Startup School

Seth Godin is a leader in marketing and business. In his podcast, he guides 30 entrepreneurs through building and running their own business. So if you want a step-by-step guide to being an entrepreneur, give this podcast a listen.

Tropical MBA – Entrepreneurship, Travel, and Lifestyle

This podcast by Dan Andrews and Ian Schoen gives you an insider’s view on what the entrepreneur life is like. The hosts cover the stories of people who are motivated by their passions, rather than profits.

Websites and Blogs

The internet is rife with (full of) articles and guides on how to be an entrepreneur. As someone who is just starting out, you might be overwhelmed by the high amount of resources available. To make things easier on yourself, you can keep the websites below bookmarked and browse top-quality articles on them from time to time.

These sites will also help you get to know the jargon (talk) and vocabulary of business English—you will come to understand which tone and which words to use to get the best results.

Entrepreneur

If you want to make use of just one resource from this post, then simply head over to this website.

It is packed with interviews, inspiration and all the nitty-gritty (practical essentials) you need to know to start a business. Entrepreneur also contains informational videos and some fascinatingpodcasts.

A Smart Bear

This is the blog of Jason Cohen, a “four-time entrepreneur” who has been writing about start-ups for over a decade.

His website is full of helpful tips and advice on running your own start-ups. It also contains marketing wisdom and “geekery,” all written in a fun and easy-to-understand way.

Under30Ceo

As the name suggests, this website is packed with tips, advice and know-how from CEOs under 30.

If you are looking to develop the right habits to be an entrepreneur, or you are confused about which marketing approach you should use for your business, this site promises all the answers. They also have a free mini-course that will teach you how to build a $1000-a-month side business from scratch.

Offline Courses

If you are someone who prefers a hands-on learning approach, you may want to sign up for an offline class on entrepreneurship at a local institution.

Most business, leadership and management schools have workshops, seminars and short-term courses running all the time, and you can sign up for them at your own convenience. Just keep your eyes open!

No matter what, if you want to succeed as an entrepreneur, you have to remain self-motivated and disciplined.

You have to take risks and learn to accept failure as a part of life.

It is a difficult road to take, but it will offer you independence, freedom and fulfillment.

So go out there and keep trying ’til you succeed!

Archita Mittrais a freelance writer, artist, educator and a self-taught Italian speaker. Feel free to check out herwebsiteor contact her for freelancing inquiries.

Download: This blog post is available as a convenient and portable PDF that you can take anywhere. Click here to get a copy. (Download)

English for Entrepreneurs: A Resource Guide for Risk-takers (2024)

FAQs

What is the entrepreneur as a risk taker? ›

Risk taking in entrepreneurship refers to the willingness and ability of entrepreneurs to make decisions and take actions that involve uncertainty, potential loss, and the possibility of failure.

What is a risk in entrepreneurship PDF? ›

Risk is probability of. unfavorable condition; in financial sector it is the. probability of actual return being less than. expected return.  For example: non-payment by a customer or.

Is an entrepreneur a risk taker True or false? ›

Most entrepreneurs are risk-takers by nature, or at minimum calculated visionaries with a clear plan of action to launch a new product or service to fill a gap in the industry.

What is a risk of being an entrepreneur quizlet? ›

What are the risks of being an entrepreneur? Working long hours, uncertain income, potentially losing all your investment money, being 100% responsible for your success or failure.

What kind of person is a risk taker? ›

A risk-taker is someone willing to take a leap and willing to fail. A risk-taker is a rule breaker, change maker, disruptor. The status quo is not good enough. Entrepreneurs take risks: calculated risks.

What makes someone a risk taker? ›

Risk-takers don't sit around living other people's lives. They are the creators whom everyone else watches, and they will likely create until they are done, rarely taking time off. In the process of creating, they use both sides of their brain.

Why entrepreneurs should be risk takers? ›

Risk-taking is crucial for entrepreneurs as it fuels innovation, drives growth, and provides a competitive advantage in dynamic market environments. By embracing calculated risks, entrepreneurs can push the boundaries of what is possible, leading to the creation of breakthrough products and services.

Why is risk important in entrepreneurship? ›

Entrepreneurs should take risks because it allows them to grow and push boundaries, which can lead to innovative ideas and business success. Without taking risks, entrepreneurs may miss out on opportunities for growth and improvement.

Which type of entrepreneur has the highest risk tolerance? ›

Experience: An entrepreneur's prior experiences, both in entrepreneurship and other areas of life, can significantly impact their risk tolerance. Seasoned entrepreneurs may have a higher tolerance for risk due to their familiarity with the challenges and uncertainties of business.

Are successful people risk-takers? ›

Successful people take risks, but they don't take thoughtless risks. Only a fool rushes in. Onlookers might interpret their actions as unwise, but that couldn't be further from the truth. People who achieve greatness take calculated risks.

Do entrepreneurs dislike risk-taking? ›

In reality, entrepreneurs as a general group frequently approach risk with caution and judiciousness. This article dives into the reasons why entrepreneurs will generally be risk-averse, the impact it has on their direction, and how they manage risk to guarantee long-haul achievement.

Do entrepreneurs avoid risk? ›

While entrepreneurs should clearly strive to prevent or avoid certain risks, they should also remember that some risk is inevitable, necessary, and—when well-managed—beneficial in the long run. First-time startup leaders and more seasoned entrepreneurs must develop a mindset for risk management.

What is an example of risk taking? ›

Risk-taking behavior refers to engaging in actions or activities that have the potential to be harmful or dangerous, increasing the risk of unintentional injuries and violence. 1 This can include misusing alcohol, binge drinking, taking illicit substances, driving under the influence, or engaging in unprotected sex.

What is the definition of an entrepreneur? ›

An entrepreneur is someone who starts or owns a business. Whether it's in farming, retail, manufacturing or in the service sector, entrepreneurs are businesspeople who find their success by taking risks.

What are the types of entrepreneurial risk? ›

What are the risks of entrepreneurship? There are numerous types of risk in entrepreneurship, but the most common ones include financial risk, legal and regulatory risk, market risk, customer or user risk, competitive risk, and operational risk.

Who viewed the entrepreneur as a risk taker who buy at an uncertain price? ›

According to R. Cantillon, the fundamental role of the entrepreneur is to make decisions in an uncertain economic context. In the Essay on the Nature of Commerce in General (published in 1755), the entrepreneur is described as a risk-taker who bears uncertainty.

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