Quiz: Should I Start a Business?

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.

Scoring Time

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.