The first question
you should answer when you are thinking of going into business
is "Am I the type?" You will be your most important employee.
It is more important that you rate yourself objectively than
how you rate any prospective employee. Appraise your strengths
and your weaknesses. As a prospective operator of your own
business, acknowledge that you are weak in certain areas and
cover the deficiency by either retraining yourself or hiring
someone with the necessary skill. The questions in this test
indicate to what extent you have the personal traits important
to a business proprietor.
|Instructions: Read each
question and click on one of the suggested answers.
Respond by marking the answer that most accurately
describes your behavior, feeling or attitude as it
actually is, not as you would like it to be, or think it
should. You must be absolutely honest with yourself in
order to get a valid score.
Excellent. A perfect score. You are
a born entrepreneur. If you are not presently running your own
business you should definitely start one -- the sooner the
better. You are on the way to fame and riches.
Score 91 -
Very good. You definitely have what
it takes to succeed in a business of your own. Don't hesitate,
your way to business success is wide open.
Score 72 -
Good. You have
the qualities of a successful entrepreneur with some weak
spots. Read the interpretation below to identify your
deficiency. You should be able to cover that deficiency by
either retraining yourself or hiring someone with the
Score 40 -
So so. The
prospect of your success in a business of your own is
questionable. You have some deficiencies that might out-shadow
some good traits you have. If you still want to go on with it,
be sure to call up all the persistence you can get. You are
going to face some tough adversity on the way.
Score 40 and
Unsatisfactory. Forget your dreams of being
your own boss, it's not for you. You'd better keep your
comfortable and secure job. Why bother with all the risks and
hustles of starting a business.
Are You Making Any of
These 10 Deadly
Small Business Mistakes?
traps/mistakes are common to many entrepreneurs and small
Wedded To an Idea And Sticking With It Too Long.
marry a single idea. Remember, ideas are the currency of
entrepreneurs. Play with many ideas and see which ones bring
money and success.
2. No Marketing
A marketing plan creates the kind of attention
you need to get in front of the right types of people,
companies, etc. It is what attracts people to you! There may
be as many as 25 ways to market your business at no or low
cost. A good marketing plan implemented effectively,
efficiently, elegantly and consistently, will eliminate the
need for "cold calls!"
3. Not Knowing
Changes in your customers' preferences
and your competitors' products and services can leave you in
the dust unless you get to know your customers well, what they
want now and will likely want in the future, what their buying
patterns are, and how you can be a resource for them even if
you don't have the right products or services for them now!
4. Ignoring Your
The world (aka customers) doesn't
respond to even superior products in the timeframe that you
think they should. You'll need plenty of cash to sustain
yourself in the meantime.
Motivating, coaching and managing your staff
is probably one of your toughest challenges as an
entrepreneur/business owner today! Without your patience,
persistence and "people skills," your problems can multiply
quickly. Morale, productivity AND PROFITS can easily be
Likelihood With Reality.
The successful entrepreneur
lives in a world of likelihood but spends money in the world
7. No Sales
Without a sales plan, there's no serious way to
gage the financial growth and progress of your business. You
need a realistic map for where the sales will come from, how
they'll come and from whom.
8. Being a Lone
You might be the key to everything BUT you
cannot DO everything and grow at the same time. Even modest
success can overwhelm you unless you hire the right staff and
Get an advisory board or a mentor! Sounds
crazy for a small operation? It's not! The board can be family
members that you trust, or friends. Ask them to be your board
of directors and review your business plans and results with
them. Having someone to bounce ideas off and get an objective
opinion is critical.
Some of the most successful entrepreneurs failed
several times before doing extremely well. So, if you're
failing, fail. And fail fast. And learn. And try again, with
this new wisdom. Do NOT give up. Yet, do not suffer,