Do you have what it takes to start and run your own small business? Take the following self-employment quiz to assess your strengths.
Answer each question quickly, with a “yes,” “no,” or “don’t know” Go with your gut reaction – don’t linger over any question for too long.
1) Are you self-motivated?
2) Are you a quick learner?
3) Are you healthy, physically and emotionally?
4) Do you love to learn new tasks and ideas?
5) Do you have a high tolerance for risk?
6) Do you make good decisions quickly?
7) Are you good with money?
8) Do you love to work?
9) Do you get things done on time?
10) Do you regularly set and accomplish personal goals?
11) Do you enjoy doing sales?
12) Can you juggle multiple tasks, projects, and responsibilities at the same time?
13) Are you resilient?
14) Do you have will power and self-discipline?
15) Are you an effective leader?
16) Do you have skills and passion for the business you’re considering starting?
17) Are you resourceful?
18) Are you willing and prepared to work long hours, if necessary?
19) Do you love to be challenged?
20) Can you live without income until your business reaches breakeven?
Ready to score yourself? Give yourself a point for every “yes,” a half-point for every “don’t know.” All “no” answers count as zero.
There’s no “magic number” of a score that will ensure that you’ll be a successful small business owner. If, however, you answered “no” more often than “yes,” this may not be the right time for you, or the right career choice.
The good news, though, is that you can potentially compensate for some “no” answers. For example, if you don’t make good decisions quickly, then choose a small business that won’t be in constant flux. If you don’t have effective leadership skills, you can always start a small business that doesn’t require employees. If you’re not good with money, hire a bookkeeper or accountant.
A small business coach can work with you on this self-employment assessment and/or other personality tests to determine if you’re a good candidate for self-employment. A coach can also help you discover the type of business you might like to own. If you already have a business in mind, a small business coach can assist with: business planning, marketing planning, and start up planning.
Starting your small business can be a huge leap – all the more reason to hire a small business coach!
Please note: Our coaches provide coaching and consulting services for small business owners in Denver, Colorado, and the U.S.