Each expression in this post has been shown with meaning and an example. This blog post on “IELTS Business Vocabulary” contains a total of 28 useful expressions for speaking and aims to help IELTS students, ESL learners, and teachers improve their English.
1. to balance the boks
Meaning: to not spend more money than you are earning
2. to be self-employed
to work for yourself
3. to cold call
to make a sales call to someone without asking them for permission first
4. cut throat competition
when one company lowers its price, forcing other companies to do the same, sometimes to a point where business becomes unprofitable
5. to do market research
to do research into what potential customers would or wouldn’t buy
6. to draw up a business plan
to write a plan for a new business
7. to drum up business
to try to get customers
8. to earn a living
to earn money
9. to go bust
when a business is forced to close because it is unsuccessful
10. cash flow
the money coming in and going out of business
11. to into business with
to join another person to start or expand a business
12. to go it alone
to start your own business
13. to go under
same meaning as “to go bust”
14. to have a web presence
to have a website or social media profile that showcases your business
15. to launch a product
to start selling and promoting a new product
16. to lay someone off
when a company end’s an employee’s contract of employment
17. lifestyle business
a business that is set up to bring in a sufficient income and no more
18. to make a profit
to earn more money than it costs to run the business
19. niche product
a business that serves a small, particular market
20. to raise a company profile
to make more people aware of a business
21. to run your own business
to have a business your own
22. sales figures
a report of the income a company generates through sales of products or services
23. to set up a business
to start a business
24. stiff competition
strong competition from other companies in the same area of work
25. to take on employees
to employ people
26. to take out a loan
to borrow money
27. to win a contract
when a business gets legally binding with an individual or company
28. word processing
producing written texts on a computer
