Английский язык: Аннотирование и реферирование текста

68 If you lack management skills, you can: • try to become more skilled by reading management books; • acquire necessary preparation by visiting training courses. Evaluation of the financial performance The business which you want to start depends to a great extent on capital you want to invest. It is impossible to get a loan from a bank or other credit institution without your own initial investment. It would be necessary to use some private savings for your initial capital investment and for the operating expenses of your business. The amount of the loan also depends on the amount of your personal sav- ings, compensation, and on the type of the business. Depending on the type of the business, it would take a certain pe- riod of time before you start to earn some profit, enough to support you and your family. As a result, if you do not have an alternative source of income which to support your family, you would not be able to invest all of your savings to establish your business. It is necessary to develop a plan for the flow of income or a plan for the flow of your cash. First, try to define how much time will pass before your business start to generate enough profit to be able to cover your expenses. Second, try to define what amount of money you will earn from this moment on, until your business is able to cover your expenses. Third, try to calculate your expenses necessary for operation dur- ing this period. Last, calculate the sum you can invest in your business. Responsibilities of the entrepreneur . As an entrepreneur, you are expected to follow some main obli- gations. А ) Register your business according to the requirements of the law B) Make sure, that your business is legal according to the state law