47

collateral trust bond, deed of partnership, contract policy,
private ownership, human resources management, high finance,
luncheon voucher, unexecuted order, scrambled merchandising,
representative sample, legal advice, pay cash, poverty line,

company seal, risk analysis, minimum wage, household policy,
general power, purchasing power, pre-emption, secular trend,
certificate to commence business, free competition, contract
of service, savings account, deposit account, balance sheet,

posting error, postal order, purchase price, product market,
public relation, sales promotion, profit sharing, high-tech,
a scarcity of labour, work permit, cost price, dock receipt,
promissory note, windfall profit, scarce goods, savings bank

Please make out an application form. There were sellers over
In the market. Profits are divided among members pro rata to
The number of shares they hold. He gives his services for no
Pecuniary reward. I’m much obliged to you for your kindness.

He has been unemployed for over a year, he was dismissed from
His job. There is an increase in unemployment this month. The
Trend of events is favourable to investment. We refuse to buy
Second-rate goods. Where there is good organisation there is
High efficiency. We make goods of high quality.

It is possible to start a business without money or collateral.
Anything is possible and most companies were started from some-
one’s ideas written down on paper and financed by those who saw
merit in the plan. Still, realism is important. This depends a

lot on the specifics of the business. Some businesses are
relatively easy to start without start-up funds, some virtually
impossible. I thing you need to match your ideas to reality.
Millions of services businesses start without money or collateral.