Interviewer: Hello, everybody! This is our talk-show "One Hour for Success”. Today we are going to speak about private business. And the special guests today are Mr. Livingstone and Ms. Johnson. First of all, please, introduce your business. Which target market have you chosen?

Mr. Livingstone: Well, I run my business in two spheres. I have a private language teaching school and an event-agency. I’ve been in this business for 6 years.

Ms. Johnson: I opened a retail network. These shops specialize in ladies’ wear. Now I have three shops in our city. My clothes are for every woman who wants to be fashionable and pretty.

Interviewer: Thank you, my friends. Now, answer some questions about your business. Where did you get your start-up capital? How big was it?

Ms. Johnson: To tell the truth, when I was starting my business, I credited at a bank. As a start-up capital I needed 15 million roubles.

Mr. Livingstone: You know, when I was starting my own business, I found a stock market in the Internet . I don’t remember what it was, but still I used it. And this brought me something about 50% of my start-up capital. Besides that, I had a job. And I had worked as an employee for two years when I started running my own business. My start-up capital was something about 4-5 million roubles.

Interviewer: How do you choose your partners?

Mr. Livingstone: Well, all my partners are people who helped me to start my business. We trust each other, but still don’t let our friendship or good relationships disturb our business. You know friendship is friendship, but business is business.

Ms. Johnson: It is not a secret that I didn’t want to start my business alone. I should say that my partners are reliable people and more over they are my good friends.

Interviewer: How big is your income?

Mr. Livingstone: Well, it’s a business secret, you know. I can say only one thing: my start-up capital has been completely returned.

Ms. Johnson: Nowadays my income is about 300 thousand roubles. But it’s an approximate amount of money.

Interviewer: What do you have to do to prevent risks?

Ms. Johnson: First of all, I analyze the goods of my competitors and after that I try to exceed them in quality and service.

Mr. Livingstone: To prevent risks you must know them and you must know everything that is connected with them. You should analyze everything: market, prices, the political and economic situation in a region, your business rivals, etc. So, control everything and you’ll reach success.