Entrepreneurs Regret Starting Businesses

B2 – Upper Intermediate

Becoming your own boss might sounds promising. However, this road may not be all that everyone ever dream about because starting your own firm comes with a lot of risks and responsibilities. Some entrepreneurs admit that they would have taken a different route if they could.

Read the article about the regrets some entrepreneurs have with quitting their day jobs to start their own businesses.

https://www.bbc.com/worklife/article/20230402-the-entrepreneurs-who-regret-starting-businesses

Vocabulary Questions:

  1. What does ”to take the plunge” mean, “But if the 54-year-old could go back, he may never have taken the plunge.”? Use this expression in your own sentence.
  2. What does “to hang one’s own shingle” mean, “Of course, there are plenty of success stories, and many people who hang their own shingles would never look back.”? Use this expression in your own sentence.
  3. What does “to follow one’s footstep” mean, “Still, Schreim is cautious about encouraging anyone else to follow in his footsteps.”? Use this expression in your own sentence.

Discussion Questions:

  1. What are some benefits of starting your own business?
  2. What are some risks of putting up your own firm?
  3. Being an entrepreneur isn’t an easy lifestyle. Share your thoughts on this.
  4. Do you think starting your own business would equal freedom? Why or why not?
  5. What things one should consider and keep in mind when starting their own business?
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