Interested in owning your own business? Great! We’re here to help. But before you start on business plans and logos, there are some things you should know. Entrepreneurship is more than just a career move, it’s a lifestyle. Being a business owner has several wonderful advantages, but there are very real risks and sacrifices as well.
Want to know if business ownership is right for you? While we can’t tell you the answer to that, we have put together a little self-assessment quiz to help point you in the right direction. Rate yourself on a scale of 1-10 within the guidelines of each questions and, remember, be honest!
Can you handle stress and uncertainty?
10 = The not-knowing serves as extra motivation.
1 = You panic when you’re not sure what your lunch plans are.
Are you a hard worker?
10 = You like to get things done right the first time, no matter how long it takes.
1 = You tend to shoot for the bare minimum in terms of effort.
Are you a leader?
10 = People seem to naturally follow your lead most of the time.
1 = You prefer to take orders and not be out front.
Are you a self-starter?
10 = You don’t need outside motivation to get something done, you just get started.
1 = You always need more than a little push to accomplish something.
Do you work well with others?
10 = You are always looking for opportunities to meet & get to know people.
1 = You avoid meeting new people at all costs.
Are you responsible?
10 = You prefer to be the one responsible for getting results and are OK with taking the blame if things don’t go well.
1 = You’d prefer not to be in the “hot seat” when it comes to responsibility.
Can you persevere through difficulty?
10 = You don’t give up until you’ve met your goals.
1 = You look for a way out when things don’t go so well.
Are you organized?
10 = You are always well-prepared and have things planned out several steps ahead.
1 = You typically are not very prepared and are usually surprised by what happens next.
Total up your scores and see where you land:
70 – 80: Entrepreneurship is definitely for you, you probably started yesterday anyways.
50 – 69: Business ownership is something you should seriously consider. Just a few minor things to work on.
30 – 49: You have some real work to do on your weak areas, but you’re certainly capable of succeeding it if it’s important to you.
Under 30: Owning a business may not be your calling.