With the unemployment rate hovering near 10% there is no surprise that many people are looking into starting their own business. Being your own boss sounds enticing – no more threats of being laid off, no one in control of your destiny but you. But are you prepared for taking on the role of an entrepreneur? The following Entrepreneurial Quiz was prepared by Career Coach Institute and I have found it helps weed out those that want to from those that can do. Although this does not address the “what will I do” of starting up your own business, it will help you in deciding the “whether or not” question.
Entrepreneurial Quiz
Do You Have the Entrepreneurial Personality?
| Question | Yes | No |
| Is it important to you to accomplish something meaningful with your life? | ||
| Do you typically set both short- and long-term goals for yourself? | ||
| Do you usually achieve your goals? | ||
| Do you enjoy working on your own? | ||
| Do you like to perform a variety of tasks in your job? | ||
| Are you self-disciplined? | ||
| Do you like to be in control of your working environment? | ||
| Do you take full responsibility for your successes and failures? | ||
| Can you place the needs of your business above your family when necessary? | ||
| Are you in excellent physical, mental and emotional health? | ||
| Do you have the drive and energy to achieve your goals? | ||
| Do you have work experience in the type of business you wish to start? | ||
| Have you ever been so engrossed in your work that time passed unnoticed? | ||
| Do you consider “failures” as opportunities to learn and grow? | ||
| Can you hold to your ideas and goals even when others disagree with you? | ||
| Are you willing to take moderate risks to achieve your goals? | ||
| Can you afford to lose the money you invest in your business? | ||
| When the need arises, are you willing to do a job that may not interest you? | ||
| Are you willing to work hard to acquire new skills? | ||
| Do you usually stick with a project until it is completed? |
Your answers to at least 15 of these questions should be yes if you are to be successful as a business owner. While it is not necessary to answer all of these questions yes, but if you answer no to some of them, you will want to evaluate what that means to you and how significantly it may impact your ability to run your own business.
My next topic will be about the “how and what” of starting your own business.
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