How to Decide Whether to Be an Entrepreneur

An entrepreneur is someone who starts a new business. Starting a business involves a number of risks. It is not a comfortable path for everyone. Here is a quiz to help you decide if entrepreneurship is for you.

Rate yourself honestly on each of the following questions using this criteria:

  • If this is something you are missing or not good at, give yourself a -1
  • If you are okay in this are, give yourself a 0
  • If this is one of your strengths, give yourself a +1
Are you a self starter?  
How well do you get along with different people?  
How well do you make decisions?  
Do you have the physical and emotional stamina to run a business?  
How well do you plan and organize?  
Is your drive strong enough to keep you motivated when the going gets rough?  
Is your family supportive of you doing this?  
Do you have the financial resources to keep you going for at least a year if you don't have income from the business right away?  
Total  

Add up your scores.

  • A score above 0 means you have the potential to be an entrepreneur.

  • A negative score means that entrepreneurship might not be the right career for you.

  • A score of 8 is the highest score. You have a strong potential to succeed as an entrepreneur.

Ready to give entrepreneurship a try? Learn more at Starting a Business.

Tips:

  1. Research shows that most new businesses fail because of poor organization. Make certain that your business has someone with these skills if it is one of your weaknesses.

  2. It is important for the people who rely on you for support to be aware of the financial and time limitations a new business may impose.

  3. Look at what you do for fun and see if there is a way to start a new business in that field.