Band 6: You have been given a budget of $10,000 to start a new business. What would you do with the money, and why? (User-Submitted IELTS Speaking Answer)

69% Accuracy The overall pronunciation accuracy of your speech, reflecting how well a native speaker can comprehend it.

Polished transcript:

Male Female

This is a really tough question, and I have never talked about it. But if I had a budget of 10 grand to start my own business, I would create my online business on the most popular shopping platform in my country. First of all, I would use $3,000 to create a shop on that platform to establish an appropriate reputation so that it would recommend my shop on the main page, leading to more exposure from viewers and allowing me to gain a decent amount of customers. Next, I would use another $5,000 to buy the materials and requirements for the products I'm going to sell on the platform. I want to sell some handmade products or even pet food or something similar. I need to have a decent amount of budget for that. Finally, not last but not least, I would use $1,000 to hire a shop manager to assist me with managing my shop, including tracking income and expenses. Lastly, I would use the final $1,000 to advertise my shop on another platform, such as Facebook.

Actual audio transcript (What native speakers are likely to hear):

Um, this is a really tough question and I have never talked about that. But if I had a budget of 10 grand to start my own business, I would uh, create my online business on uh, shopping platform which is the most popular online shopping platform in my country. First of all, I would use $3,000 to create a shop on um, that platform, uh, to have an appropriate reputation on the platform so that it would recommend my shop on the main page and could lead to more approach from the viewers and I could get a uh, decent amount of customer there. Next I would uh, use another $5,000 to buy the material, the requirement of the stuff I’m gonna sell on um, the platform such that I want to uh, make. I want to sell some uh, handmade products or even some pets, food or something. I have to have a decent um, amount of money there, um, thisent amount of budget. And finally I would use um, uh, not last but not least, I would use um, $1,000 to h, um shop manager, uh to acknowledge me about the income or outcome, the need, uh, uh, assisting me with uh, managing my shop. And lastly I would use the last $1,000 to uh, advertise my shop on another platform such as Facebook and uh,

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Band 6+: You have been given a budget of $10,000 to start a new business. What would you do with the money, and why?

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