Quiz

Self-Employment Benefits Resource Centre

Entrepreneurial Self-Assessment

In order to complete this questionnaire you will need a piece of paper and a writing utensil to keep your score.

Answer YES or NO

For each YES answer score 1 point, for each NO answer please score 0.

1.      Are you prepared to start up your own business?

2.      Have you determined your main motives for going into business?

3.      Have you thoroughly discussed going into business with your family?           

4.      Does your family fully support your going into business?        

5.      Are you prepared to temporarily lower your standard of living in order
to start your own business?

6.   Are you willing to risk 20% of your net worth?

7.   Have you determined how much money of your own, if any, you can

put into this business?        

8.      If you require additional investment, do you know how to secure it?  How?       

9.      Can you accept the possibility of losing your savings in this business?          

10.  Have you weighed the advantages and disadvantages of starting your

own business?         

11.  Do you have any business advisors, mentors or coaches?     

12.  (a)  Do you know which skills and areas of expertise are critical to
the success of your business?        

(b)  Do you have these skills?         

13.  Are you a self-starter?        

14.  Do you follow tasks through to the end, with or without help,
encouragement or constant approval and praise from others?     

15.  Do you have a high energy level?         

16.  Do you like making your own decisions?         

17.  Do you enjoy competitive environments?        

18.  Do you look forward to a good challenge without knowing all the
potential problems?       

19.  Do you fear or intentionally avoid competition?           

20.  Do you have the will power and self-discipline required?        

21.  Do you plan and think ahead?         

22.  Do you get things done on time?          

23.  Do you take calculated risks?         

24.  Are you adaptable to change?         

25.  Can you control feelings of discouragement when faced with obstacles?        

26.  Are you able to effectively manage your time and accomplish what you

need to do?        

27.  Are you willing to ask for help?     

28.  Are you willing to learn new skills?     

29.  If you discover that you do not have the basic skills needed to start and
operate your business, are you willing to delay your plans until you have

acquired these skills?         

30.  Do you believe in organizing your tasks before you get started?        

31.  Can you get along with all different kinds of people/personalities?           

32.  Can you manage and supervise employees in such a way that you draw

the best out of them?  Can you get results when you need them the most?         

33.  Are you a multi-task type person or does pressure get to you rather than

feeding you?     

34.  Are you imaginative, inventive and resourceful?  Can you usually find

answers where others cannot?        

35.  Can you accept objective criticism to improve your end results?       

36.  Do you find it hard to recognize, admit to, and learn from your mistakes?          

37.  Do you find it hard to make decisions on your own?          

38.  Do you have the ability to observe what is happening around you and

as a result, know what people want?          

39.  Are you a good salesperson?  Can you sell your idea to others?        

40.  Are you a person that gives up easily?       

41.  Do you like to make things happen instead of waiting for things

to happen?         

42. Do you have purpose, focus and direction in your life?     

43. Are you a good judge of character?     

44.  Will you be able to hire the right kind of people if and when you

require help?           

45.  Have you ever been involved in a small business before?     

46.  Have you ever worked in a business similar to the one you want to start?         

47.  When you think of your future, do you ever envision yourself

running your own business?     

48.  Are you always looking for better ways of doing/improving things?     

If you answered 35 + questions, then this program is for you. 

If you scored less than 35 questions yes then you may wish to reconsider your decision regarding self-employment.