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1. Join the halves.

                  1. For the person who actually starts his or her own business…

                  1. Many individuals have difficulty bringing their ideas…

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                  1. Millions of companies are created despite…

                  1. It takes a great deal of energy to…

                  1. Individuals in marketing have become familiar with …

                  1. The decision to start a new company occurs when …

                  1. … recession, inflation, high interest rates, lack of infrastructure, economic uncertainty.

                  1. ... create something new.

                  1. … to the market and creating a new venture.

                  1. ... the market and customer’s unfilled wants and needs.

                  1. ... the experience is filled with enthusiasm, frustration, anxiety, and hard work.

f) … a person perceives that creating a new enterprise is both desirable and possible.

2. Complete the sentences:

1.There is a high failure rate due to such things as …

2.Entrepreneurship and the actual entrepreneurial decision have resulted in …

3.Like all processes, the entrepreneurial decision entails …

4.As a rule individuals tend to start businesses in …

5.While working in technology, individuals develop …

6.They quit their jobs to create their own companies when …

7.A significant number of companies are created by people who …

*3. Read the text and fill in the gaps:

appears, driving, endorsed, encouraged, evidenced, in terms of, infrastructure, continue, research, promoting, reward, output, support.

The future of entrepreneurship

As 1 by the many different definitions, the term entrepreneurship

means different things to different people. However, in spite of the differences, there are some common aspects: risk taking, creativity, independence, and

2 . These common aspects are supposed to be the 3 force behind the

notion of entrepreneurship in the future. One thing is clear – the future for

entrepreneurship 4 to be bright. We are living in the age of the

entrepreneur, with entrepreneurship 5 by educational institutions,

governmental units, society, and corporations. Entrepreneurial education has never been so important 6 courses and academic 7 .

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Various governments have also taken an increasing interest in 8

the growth of entrepreneurship. Individuals are 9 to create new

businesses and are provided such government 10 as tax incentives,

buildings (space), roads, and a communication system – a strong government

11 – to facilitate this creation process. The encouragement by the

federal and local governments is supposed to 12 in the future as more

lawmakers understand that new enterprises create jobs and increase the economic 13 in an area.