Home Business: Points to Consider Reading Answers

Sep 29, 2025

Home Business: Points to Consider Reading Answers is an academic reading answers topic. Home Business: Points to Consider Reading Answers has a total of 7 IELTS questions in total. In the question set given, candidates have to choose the correct answers in no more than three words from the given passage.

The IELTS Reading section is an essential part of the test that evaluates a candidate's comprehension and analysis of various passage types. You will work through a number of IELTS reading practice problems in this section that resemble actual test situations. These questions are designed to help you improve your ability to recognise essential concepts, extract particular facts, and make inferences. Practising these IELTS reading problems enhances vocabulary and improves analytical reading skills, both of which are necessary for success. It's critical to comprehend the guidelines for every question type and create effective ways to manage time to receive excellent band scores.

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Section 1

HOME BUSINESS: Points to Consider

Home businesses have seen exceptional growth over the past decade, with approximately 150 million people in the United States running a home-based business. There are two important points to making a profit, which are valid no matter what product or service you are planning to promote. Having the idea is just the start. The focus must be on whether there is a market for your product. The main consideration should not just be whether you like what you are planning to sell, but whether other people will like it and want to spend money on it.

Do your research. A trip to the library and a couple of evenings online will assist you in beginning to understand your market. Your goal should be to get a general sense of the type of customer your product or service will attract. Business registration is a requirement and involves several areas. A legitimate structure must be determined, and the most popular options are sole proprietor, a partnership, or a company. City Business Assistance can help with information about sole proprietorships and partnerships. Individuals needing help with registering a corporation should Legal Structures Corp. Deciding upon your business name and getting your federal tax identification are also a part of the business registration process.

Obtaining reliable financial advice is another important consideration. Small Business Administration (SBA) is a United States government agency providing financial support for small businesses. Locate a reliable mid-range accounting firm that will help you structure the financial side of your business and provide you with the taxation advice you may need. Insurance must be a part of your planning. Consultation with an insurance agent is highly recommended. Contact Able Insurance for insurance matters under $1 million and Constar for all other amounts. Equipment and inventory are important considerations as well. What equipment will be needed to provide the service or product you intend to offer? How much stock will you need, and do you have the room for it? These questions must be carefully considered and answered.

Many home businesses are online. If this is your plan, you will need to purchase a domain name

and locate an Internet Service Provider (ISP). Costing varies mostly according to data downloaded. Connection speed can also affect the internet cost. For additional assistance on any of the above matters, please contact the county extension office nearest you or the National Directorate for state enquiries.

Questions 21-27

Write NO MORE THAN THREE WORDS.

21. What is the first listed key for a home business profit?

Answer: HAVING THE IDEA

Supporting statement: Having the idea is just the start.

Keywords: idea, start

Keyword Location: Para 1, Line 4

Explanation: The passage states that having the idea is the beginning of the process, which is the first point mentioned in relation to making a profit.

22. Which area of home business planning includes federal tax identification?

Answer: BUSINESS REGISTRATION

Supporting statement: Deciding upon your business name and getting your federal tax identification are also a part of the business registration process.

Keywords: federal tax identification, business registration

Keyword Location: Para 2, Line 8

Explanation: The text explicitly links obtaining a federal tax identification number to the business registration process.

23. Who can be contacted for advice about the legal structure of an independently run business?

Answer: CITY BUSINESS ASSISTANCE

Supporting statement: City Business Assistance can help with information about sole proprietorships and partnerships.

Keywords: sole proprietor, City Business Assistance

Keyword Location: Para 2, Lines 5-6

Explanation: The passage states that City Business Assistance provides help with sole proprietorships and partnerships, which are legal structures for an independently run business.

24. Who can provide help with getting money for a home business?

Answer: SMALL BUSINESS ADMINISTRATION / SBA

Supporting statement: Small Business Administration (SBA) is a United States government agency providing financial support for small businesses.

Keywords: financial support, Small Business Administration, SBA

Keyword Location: Para 3, Lines 1-2

Explanation: The passage directly states that the SBA provides financial support for small businesses, which is a form of getting money.

25. Which company provides insurance assistance up to $1 million?

Answer: ABLE INSURANCE

Supporting statement: Contact Able Insurance for insurance matters under $1 million

Keywords: Able Insurance, under $1 million

Keyword Location: Para 3, Line 6

Explanation: The passage clearly specifies that Able Insurance handles insurance matters for amounts "under $1 million."

26. What is the main cost associated with internet services?

Answer: DATA DOWNLOADED

Supporting statement: Costing varies mostly according to data downloaded.

Keywords: costing, data downloaded

Keyword Location: Para 4, Lines 2-3

Explanation: The passage directly states that the cost of internet service varies mostly based on the amount of data downloaded.

27. Who can be contacted for extra local small business help?

Answer: COUNTY EXTENSION OFFICE

Supporting statement: please contact the county extension office nearest you

Keywords: county extension office

Keyword Location: Para 4, Line 4

Explanation: The text advises calling the county extension office for additional assistance with any of the mentioned problems, which can be viewed as extra local assistance.

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