Entrepreneurship
REPORT 01 by Katlen Allganer
Entrepreneurship is the art or science of innovation.
An entrepreneur is the person who starts a new
business. Starting a new business usually involves a lot
of risks, but it can also generate a lot of profit.
Entrepreneurship plays an important role in the
economy: it brings new ideas to the market by
manufacturing goods and providing services. New
ideas lead to the creation of new brands and
contribute to economic growth. Entrepreneurs
commonly face many obstacles and challenges when
building a company, such as lack of resources and
many financial commitments. They must constantly
seek potential opportunities and professional
development.
 WEEKLY REPORT PRACTICE 01 - Entrepreneurship
Try to do each task on different days.

1) Listening and Pronunciation Practice: listen to the report; choose 5 words and focus on their
pronunciation; write them down in your notebook and underline the stressed syllables.

1 Entrepreneurship is the art or science of innovation. An entrepreneur is the person who starts a new business.
2 Starting a new business usually involves a lot of risks, but it can also generate a lot of profit.
3 Entrepreneurship plays an important role in the economy: it brings new ideas to the market by manufacturing goods
4 and providing services. New ideas lead to the creation of new brands and contribute to economic growth.
5 Entrepreneurs commonly face many obstacles and challenges when building a company, such as lack of resources and
6 many financial commitments. They must constantly seek potential opportunities and professional development.

2) Vocabulary and Writing Practice: choose one noun above and write down its definition with an example
sentence (copy from the dictionary https://www.wordreference.com/enpt/) . Listen to the pronunciation
and pay attention to the phonetics.

Noun: _______________
Definition: __________________________________________________________
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Example: __________________________________________________________
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3) Listening and Pronunciation Practice: listen to the report and read it out loud practicing connected
speech.

1 Entrepreneurship is the art or science of innovation. An entrepreneur is the person who starts a new business.
2 Starting a new business usually involves a lot of risks, but it can also generate a lot of profit.
3 Entrepreneurship plays an important role in the economy: it brings new ideas to the market by manufacturing goods
4 and providing services. New ideas lead to the creation of new brands and contribute to economic growth.
5 Entrepreneurs commonly face many obstacles and challenges when building a company, such as lack of resources and
6 many financial commitments. They must constantly seek potential opportunities and professional development.

4) Vocabulary and Writing Practice: choose one verb above (action word) and write down its definition with
an example sentence (copy from the dictionary https://www.wordreference.com/enpt/) . Listen to the
pronunciation and pay attention to the phonetics.

Verb: _______________
Definition: __________________________________________________________
____________________________________________________________________
Example: __________________________________________________________
____________________________________________________________________

5) Grammar Practice: go to the Grammar Module on English.intolifework.com platform and do one

grammar lesson and/or quiz available.
 PODCAST TRANSCRIPTION
Listening time: 2:59 minutes [from 0:00 to 2:59]. Complete episode: 9 minutes

“Daymond John: Swimming With Sharks”

1 “STACEY VANEK SMITH, HOST: This is THE INDICATOR FROM PLANET MONEY. I'm Stacey Vanek Smith.
2 CARDIFF GARCIA, HOST: And I'm Cardiff Garcia. The myth of the American entrepreneur is a really powerful
3 one - someone who starts with nothing and then builds an empire just based on business ______, intelligence
4 and a little bit of chutzpahi.
5 VANEK SMITH: You always need some chutzpah.
6 GARCIA: A little bit.
7 VANEK SMITH: Daymond John is an entrepreneur like that. Daymond grew up in Queens, raised by a single
8 mom, and he always had this ______ to start a business. He said when he was a teenager, he was always
9 reading business books.
10 GARCIA: So he started a ______ of different businesses. But none of them really took offii until one day he
11 saw a bunch of guys walking outside with these snow hats on and he had this idea.
12 VANEK SMITH: An idea that led to the creation of his clothing line FUBU, the iconic hip-hop band. And
13 eventually to...
14 GARCIA: "Shark Tank."
15 VANEK SMITH: ..."Shark Tank."
16 GARCIA: To "Shark Tank."
17 VANEK SMITH: "Shark Tank."
18 GARCIA: Daymond John is also a judge on the show "Shark Tank," where entrepreneurs pitiii their ideas to try
19 and get seed moneyiv from big investors. And Daymond John is one of those investors.
20 VANEK SMITH: Today on the show, a conversation with Daymond John about how he created his business,
21 being a "Shark Tank" sharkv and his new book "Powershift."
22 (SOUNDBITE OF MUSIC)
23 VANEK SMITH: Daymond John, thank you so much for joining us. So, my first question is about being an
24 entrepreneur. You talk about this quite a bit in your book "Powershift." It starts out with you in high school.
25 You've just graduated from high school.
26 DAYMOND JOHN: Yeah.
27 VANEK SMITH: And you describe yourself as having kind of an entrepreneurial fire.
28 JOHN: Yeah.
29 VANEK SMITH: Did you know what direction you wanted that to take or you just felt it? I mean, I don't think I
30 have that myself, so I don't know what that's like.
31 JOHN: No - so you know, listen. When you're a kid - and I started out selling pencils at 6. And I did - raked
32 leavesvi and did this and that. You know, you're not thinking entrepreneur. You're thinking hustlevii. You're
33 thinking, my mother's working three jobs; she can't affordviii to buy me clothes. How am I going to get the
34 clothes? Well, I'm not going to rob anybody. That's the easy way outix.
35 And then when I look at everything else around me and I'm driving down the street and my mother said to
36 me, everything around you was started with one person, with one idea that took one action. I said, well, then
37 why can't it be me? And I had all this math figured out on how I was going to be a gazillionaire by the age of
38 20, and I was at the brokest time in my life at the age of 20. Mr. Smart Alec knew everything. I did not know
39 anything…

Listen to the full episode clicking on the title of this transcript.

NPR – National Public Radio.
 PODCAST PRACTICE
Watch the video classes available on the platform IntoLifework, they will help you understand the practices and the podcasts.

6) Listening and Writing Practice: before reading the transcript, write down some key words you identify
from the audio. Repeat the task in order to “refine“ your notes. Present here what you think the episode is
about.
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7) Listening and Reading Practice: fill in the gaps while you listen and read the podcast.
Gap 1: ___________________ line: _____
Gap 2: ___________________ line: _____
Gap 3: ___________________ line: _____

8) Listening and Reading Practice: Find 2 inaccuracies in the transcript while you listen and read the podcast.
Inaccuracy 1: ___________________ line: _____ correction: ___________________
Inaccuracy 2: ___________________ line: _____ correction: ___________________

9) Writing Practice: Write a descriptive paragraph about what entrepreneurship is. Include the vocabulary
and phrases that you have learned from this workbook.
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10) Speaking Practice: Review your writing exercise above and make a speaking presentation. You can make
a voice or a video recording. Include the vocabulary and phrases from this workbook in your speaking. TIP:
Include ideas, words and phrases from this assignment in your end-of-semester presentation project.
Vocabulary for this podcast episode:

i
Chutzpah (a behavior involving taking risks and not feeling guilty): “The company was built with little money and a lot of
chutzpah.”
ii
To take off (to leave the ground and begin to fly; to be successful): “Her career has just begun to take off.”
iii
To pitch (a speech that attempts to persuade someone to buy or do something): “The man gave me his pitch about quality and
reliability”
iv
Seed money (money to initiate a project): “We’ll give you some seed money for your project.”
v
Shark (expert; investor)
vi
To rake leaves (to remove leaves): “One of my tasks was raking dead leaves.”
vii
Hustle (job, activity)
viii
To afford (to have enough money to buy something): “Now that I’m unemployed, I can’t afford to go on holiday.”
ix
Way out (exit, way of scape): “The way out is at the back of the building.”