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Entrepreneurship Readiness Assessment

Becoming an entrepreneur is not for everyone. In business, there are no
guarantees. There is simply no way to eliminate all of the risks. It takes a special
person with a strong commitment and specific skills to be successful as an
entrepreneur. Are you ready to start your own business? Use the Readiness
Assessment Guide to better understand how prepared you are.

Readiness Assessment Guide
This guide is designed to help you better understand your readiness for starting a
small business. It is not a scientific assessment tool. Rather, it is a tool that will
prompt you with questions and assist you in evaluating your skills, characteristics
and experience --- as they relate to your readiness for starting a business. The
Assessment Guide has twenty five questions. You will evaluate your responses at
completion of the assessment.
(original source: sba.gov)

GENERAL

Do you think you are ready to start a business?

Do you have support for your business from family and friends?

Have you ever worked in a business similar to what you are starting?

Would people that know you say you are entrepreneurial?

Have you ever taken a small business course or seminar?

PERSONAL CHARACTERISTICS

Are you a leader?

Do you like to make your own decisions?

Do others turn to you for help in making decisions?

Do you enjoy competition?

Do you have will power and self discipline?

Do you plan ahead?

Do you like people?

Do you get along with others?

Would people that know you say you are outgoing?

PERSONAL CONDITIONS

Are you aware that running your own business may require working more than 12 hours a day, six days a week and maybe Sundays and holidays?

Do you have the physical stamina to handle a “self-employed” workload and schedule?

Do you have the emotional strength to deal effectively with pressure?

Are you prepared, if needed, to temporarily lower your standard of living until your business is firmly established?

Are you prepared to lose a portion of your savings?

SKILLS AND EXPERIENCE

Do you know what basic skills you will need in order to have a successful business?

Do you possess those skills?

Do you feel comfortable using a computer?

Have you ever worked in a managerial or supervisory capacity?

Do you think you can be comfortable hiring, disciplining and delegating tasks to employees?

If you discover you do not have the basic skills needed for your business, will you be willing to delay your plans until you have acquired the necessary skills?

Total:

RESULTS

0-9 Points:
Starting a business is a challenging endeavor. Your answers suggest that you
may need to invest some time to enhance some critical skills that will be needed
as you consider starting a business. Follow your interests, build your skills and
continue to educate yourself. In the future, you may decide to re-evaluate your
interest in entrepreneurship.

10-14 Points:
It is time to re-evaluate. Your answers suggest that you may need some
additional research and perhaps some one-on-one counseling before you start a
small business. Take sufficient time to plan and prepare for your success as an
entrepreneur. Gaining more business experience and building your skills, before
starting a business, will pay big dividends in the future.

15-19 Points:
Your answers suggest that there is room to grow before you consider starting a
business. Take sufficient time to plan and prepare for your success as an
entrepreneur. Gaining more business experience and building your skills, before
starting a business, will pay big dividends in the future.

20-25 Points:
You're ready! Your answers suggest that you are well on your way to being an
entrepreneur. You are ready to take the next step.

 

This assessment is an edited version of the Small Business Administration entrepreneurship assessment test. (sba.gov)

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