Young Bosses Buy Their Own Companies
Listen
Vocabulary
Article
Some young people finish business school. They do not want to wait. They want to be the boss right now. So they buy companies. They use borrowed money to pay for them.
Why Do They Want to Buy?
These graduates learn about business in school. But they want real jobs as bosses. They do not want to start at the bottom. They do not want to wait ten years. They want to lead a company today.
How Do They Buy?
The graduates borrow money from banks. They use this money to buy small companies. The company already has workers. It already has customers. The graduate becomes the new boss.
Is This a Good Idea?
Some people say yes. The graduate learns fast. They work hard to be successful. Other people say no. Banks lend a lot of money. If the business fails, the young boss loses everything.
What Happens Next?
More young graduates want to do this. Some succeed. They make their companies bigger. Some fail. They pay back their loans slowly. It is a big risk, but they get what they want. They are the boss.
Discussion Questions
- Would you want to be a boss right after school? Why or why not?
- What is good about buying a company? What is bad?
- Do you think these young bosses will succeed? Why?
- How is this different from starting a new company?
- Would you borrow a lot of money to buy a business? Explain your answer.
Open the full interactive lesson with tap-to-hear on every word →