Quiz: Should I Start a Business?
Updated: Apr 8
It can be intimidating to fathom the thought of starting your own company, but if it's something you've been thinking about for a while, it may in fact be the right time.
Take our quiz to find out!
Question #1 - Are you passionate about a particular product, service or industry?
a) Yes, absolutely.
b) No, not really.
Question #2 - Are you willing to take risks?
a) Yes, I'm comfortable taking calculated risks.
b) No, I prefer to play it safe.
Question #3 - Are you self-motivated and disciplined?
a) Yes, I am highly motivated and disciplined.
b) No, I struggle with motivation and discipline.
Question #4 - Are you willing to put in long hours and hard work?
a) Yes, I am willing to put in the necessary effort to make my business succeed.
b) No, I prefer a more relaxed and balanced lifestyle.
Question #5- Do you have a solid business plan?
a) Yes, I have a clear plan for my business and have researched the market.
b) No, I haven't really thought about it yet.
Question #6 - Do you have enough financial resources to start a business?
a) Yes, I have enough money saved up or have access to funding.
b) No, I don't have the financial resources to start a business right now.
Question #7 - Are you comfortable with uncertainty and ambiguity?
a) Yes, I can handle the unpredictability of starting a business.
b) No, I prefer a more predictable and stable environment.
Question #8 - Are you willing to learn new skills and knowledge?
a) Yes, I am always willing to learn and improve my skills.
b) No, I prefer to stick with what I know.
Question #9 - Do you have a support system of family and friends?
a) Yes, I have a strong support system that encourages me to pursue my goals.
b) No, I don't have much support or encouragement from others.
Question #10 - Do you have a backup plan if your business doesn't work out?
a) Yes, I have thought about what I would do if my business doesn't succeed.
b) No, I haven't really considered a backup plan.
Give yourself 1 point for every "a" answer and 0 points for every "b" answer.
8-10 points: You are well-suited to start a business and have a good chance of success if you have a solid plan and resources to get started.
5-7 points: Starting a business may be a challenge for you, but it's still possible with hard work and dedication. Consider getting help from a mentor or business coach.
4 points or less: Starting a business may not be the best option for you right now. Consider building more skills and resources before taking the leap.