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Part 3

Band 7+: In your opinion, what skills are required to start a small business?

Note: Both the topic and the answer were submitted by one of our users.
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Polished transcript:
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In my opinion, some of the skills that one must have when starting a small business would be, number one, patience. I believe you need to be patient enough to learn the market, to learn what's around you, what involves your business, and to learn the different situations that you're going to go through. You need to be very patient and willing to learn. The second thing would be you need to have tenacity. You need to soldier on no matter what the circumstances may be, because it's not easy to start a small business, whether it's big or small. It's not easy. You need to have tenacity. You need to be able to persevere no matter what the economic situation may be. Lastly, one of the things that I think is very important when you're starting a business is to do a lot of research in the market that you want to venture into or in the business that you want to pursue, because this is going to save you so much time and money. If you are well-researched and know what needs to be done when you're starting a business, you will be two, three, four, or five steps ahead of some of the challenges.
Actual audio transcript (What native speakers are likely to hear):

In my opinion, some of the skillset that one has to have when starting a small business would be number one patients. I believe you need to be patient enough to learn the market, to learn what’s around you, what involves your business, to learn the different situations that you’re going to go through. You need to be very patient and be willing to learn. The second thing would be you need to have tenacity. You need to soldier on no matter what the circumstances may be, because it’s not easy to start a small business, be it big or small. It’s not easy. You need to have tenacity. You need to be able to persevere no matter what the economic situation may be. And lastly, one of the things that I think is very important when you’re starting a business is do a lot of research in the market that you want to venture into or in the business that you want to venture into, because this is going to save you so much time and so much money. If you are well researched and you know what needs to be done when you’re starting a business, you will be two, three, four, five steps ahead of some of the things

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Speaking Time: 83 seconds

Answers On The Same Topic:

In your opinion, what skills are required to start a small business?

According to me, creative skills are required to start a small business but number one patient.

In your opinion, what skills are required to start a small business?

From my perspective, firstly, a person who wants to establish a kind of business should have enough patience in order to keep going and try to succeed. Well, you know, I mean that they should set a schedule for themselves and try to reach their goals with patience. Well, you know, the other major factor […]

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