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

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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

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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

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