1 . Directions: After reading the passage below, fill in the blanks to make the passages coherent and grammatically correct. For the blanks with a given word, fill in each blank with the proper form of the given word; for the other blanks, use one word that best fits each blank. How to Start a New Business

An entrepreneur is a person who creates , launches, and begins a new business, typically in response to a market demand that has not been met. Entrepreneurs are often imaginative, self-motivated individuals who develop full-time, successful, and sustainable businesses. Successful entrepreneurs frequently have relevant insights, expertise, and advice they may offer aspiring on their respective paths. Interviewing entrepreneurs to aid     1     might provide insight into the steps they took     2     (achieve) success. Here is the interview of entrepreneur-related questions , and you will find more preparations for it.

Question: How would you describe an entrepreneur?

Answer: An individual who establishes and expands their own company through innovative strategies     3     (know) as an entrepreneur. During the expansion of their companies, entrepreneurs are responsible for several important tasks in addition to cash generation. An entrepreneur perceives a commercial need in their society,     4     (develop) an idea for a business, and then takes the initiative to start their firm. Suppose a business idea does not center on producing a product that fills a gap in the     5     (exist) market. In that case, it most often centers on applying technical advancements to simplify the process of obtaining a product or service.

Question: How do entrepreneurs identify business prospects?

Answer: Entrepreneurs routinely seek chances to expand or increase their company’s revenues. They determine which product to include and which market to enter. An entrepreneur should listen to prospective customers and look for chances to build items that meet their demands. An entrepreneur can determine     6     other businesses in the area are doing and how they succeed by conducting a competitive analysis. This technique may involve conducting a physical survey or reading industry-specific materials. Conversations with consumers also facilitate the identification of their frustrations and negative experiences,     7     they may use to enhance a firm..

Question: What makes an entrepreneur successful?

Answer:     8     an entrepreneur, you are both your manager and the manager of others. To achieve success, you must possess a wide range of abilities. An entrepreneur must be able to manage people, a budget, operations, and in certain cases , investors. It necessitates a work style     9     (characterize) by multitasking and planning for the firm’s short- and long-term goals.     10     successful entrepreneur must be able to spend his time wisely, regularly analyzing and prioritizing projects based on their relevance and significance. It includes engaging in short- and long-term planning, economic forecasts, and market research.