Entrepreneurial Quiz

Here is an entrepreneurial quiz, that we ran across from The Small Business Bible, by Steven Strauss  February 2, 2009, but it still applies today.  We wanted to share it with all of you because we are always asked…”How do you know you are truly entrepreneurial?   Do you have what it takes?   Take a minute … take the quiz, and find out. 

The question is not whether entrepreneurship is right for you but, rather, are you right for entrepreneurship?  Can you handle the stress, the freedom, the lack of structure, the uncertainty, and the opportunity that awaits if you decide to start your own business?  This really can’t be stressed enough. While there is no doubt that being in business for yourself can be great, if you are not temperamentally cut out for it, it will be a tough road.  There is no shame in this. Some people are artists and others are lawyers, some are vagabonds while others are homebodies, some are entrepreneurs and some are not.

So which are you?  In order to assist you, take the following quiz.  It will help you evaluate your qualifications.  The important thing though, as you take the quiz, is to be perfectly honest.  There is no point in answering the questions “right” if it’s not true for you.

1. Are you a self-starter?
Yes, I like to think up ideas and implement them.

If someone helps me get started, I will definitely follow through.

Frankly, I would rather follow than lead.

2. How do you feel about taking risks?

I really like the feeling of being on the edge a bit.

Calculated risks are acceptable at times.

I like the tried and true.

3. Are you a leader?

Yes.

Yes, when necessary.

No, not really.

4. Can you and your family live without a regular paycheck?

Yes, if that is what it takes.

I would rather not, but understand that may be part of the process.

I do not like that idea at all.

5. Could you fire someone who really needed the job your business provided?

Yes, I may not like it, but that is the way it goes sometimes.

I hope so.

I really can’t see myself doing that.

6. Are you willing to work 50 hours a week, or more?

Again, if that is what it takes, yes.

Maybe in the beginning.

I think many other things are more important than work.

7. Are you self-confident?

You bet!

Most of the time.

Unfortunately, that is not one of my strong suits.

8. Can you live with uncertainty?

Yes.

If I have to, but I don’t like it.

No, I like knowing what to expect.

9. Can you stick with it once you have put your mind to something?

I usually will not let anything get in the way.

Most of the time, if I like what I am doing.

Not always.

10. Are you creative?

Yes, I do get a log of good ideas.

I can be.

No, not really.

11. Are you competitive?

To a fault sometimes.

Sure, mostly.

Not really, my nature is more laid-back.

12. Do you have a lot of willpower and self-discipline?

Yes.

I am disciplined when I need to be.

Not really.

13. Are you individualistic or would you rather go along with the status quo?

I like to think things through myself and do things my way.

I am sometimes an original.

I think strongly individualistic people are a bit strange.

14. Can you live without structure?

Yes.

Actually, the idea of living without a regular job makes me nervous.

No, I like routine and structure in my life.

15. Do you have many ?

Yes I do, and those I don’t have, I’ll learn.

I have some.

No, not really.

16. Are you flexible and willing to change course when things are not going
your way?

Yes.

I like to think so, but others may disagree.

No, I have a fairly rigid personality.

17. Do you have experience in the business you are thinking of starting?

Yes.

Some.

No.

18. Can you juggle multiple tasks?

Yes.

I think so.

I think not.

19. Are you willing to really hustle for clients and customers?

Sure.

If I have to.

I would rather not.

20. How well do you handle pressure?

Quite well.

Its not my strongest trait, but I can do it.

Not well at all.

 If most of your answers are in the first circle, then you have both the temperament and the skills to become an entrepreneur.

If most of your answers are in the second circle, you are not a natural entrepreneur, but may become one over time.

If most of your answers fall into the last circle, then you would be wise to think of something else to do besides self-employment.

So there you have it. Not only should this quiz help you understand your Entrepreneurship IQ, but it should equally give you some insight into the traits and characteristics of the prototypical entrepreneur.  Let us know how you scored.  Are you still wanting to be an entrepreneur?

To Your Success…
Judy and Robin

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3 Responses to “Entrepreneurial Quiz”

  1. Hazel-Ann La Fortune Says:

    Soo true! Being an Entrepreneur is a great thing and everyone desires it. The only problem is that the hidden problems which slowly and steadily claw you down. If your not well organized and in control. The freedom of your own business takes over and you start to turn let the business run itself. That is where everything starts to go wrong. Everyone is the best at something, so why force it?
    Hazel-Ann La Fortune´s last [type] ..Resilience- Walking Through The Rain

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  2. Alexander Paul Says:

    Hey Judy! Great idea to post a quiz as a blogpost. And especially about such a great topic of entrepreneurship… Myself, I scored mostly between first and second answers and recognize some areas I have to improve in. One of the biggest recognition during the process of moving from employee to entrepreneur is that we have to establish our own system and make ourselves accountable for all activities. As employee you ‘mostly’ follow given rules and procedures, which as an entrepreneur you have to put in place yourself… Again, great idea posting this quiz. All the best, Alex
    Alexander Paul´s last [type] ..Business Planning Process With A Lesson From Evan Almighty

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  3. Lynn Jones Says:

    Hi Judy, I like quizzes! I pretty much fall right in the middle and I guess I kind of knew that about me. I am hoping that makes me even keel, ya know normal. :) Normal is not always good. They say Well behaved women rarely make history…or something like that.
    Well, all in all, I enjoyed your post. Have a great day!
    Lynn
    Lynn Jones´s last [type] ..What’s the Real Secret to Success

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