Are You an Entrepreneur?
Starting and running a successful business involves many things, one of the most important of which is the
entrepreneurial individual. Over half of all businesses don’t survive the first three years of operation. But businesses
don’t fail, people do. So before forging ahead with your business idea, take an honest evaluation of your personality,
circumstances and goals.
TAKE THE ENTREPRENEURSHIP QUIZ!
Am I an Entrepreneur?
Ask Yourself These Questions ...
I know that going into business for myself will involve the whole family.
My spouse/partner thinks it’s a good idea. He/she is willing to help.
I understand people. I am the kind of person who can put myself in the other guy’s shoes.
I don’t know everything. There are still things to learn and new ideas I should consider.
I am adaptable. I am not so routine-bound or rigid in my ideas that I can’t change if my business
required a change.
I like to make my own decisions and try my own ideas.
I make sound judgments. I know I will have to make decisions every day in my own business.
I can take advice from others.
I enjoy being challenged and thrive on competition.
I want to improve my stature in the community.
I want to improve my financial position.
I know that my standard of living will be lowered for a while -- until the business begins to show
a profit. It may take several months, maybe even a year or two to make a profit.
I like to work. My own business requires me to work hard -- 12 to 16 hours each day. The work
is never really done. There’s always more.
I have the energy to do all the necessary lifting, hauling, standing, walking, talking and smiling
that the day-to-day operation of my business will require.
I’ve considered all of the alternatives to entering business for myself.
I know the advantages and disadvantages of a sole proprietorship, of a partnership, or
incorporating my business.
I’ve investigated the possibility of a franchise operation. I’m aware of the advantages of
franchising -- buying someone else’s know