Is It For You?
Running a small business and working as a manager in a larger
organization require different skill sets. Even excellent
managers may not have the abilities, desire, and personal
characteristics to make it as an entrepreneur. Answer the
following questions to see how you stack up.
- Regarding time management, the following statement
describes me best:
- I dont manage time; it manages me.
- I am a dedicated goal-setter and goal-achiever.
- I go with the flow; some days are better than others.
- When faced with a difficult work decision, Im
most likely to:
- Ask my co-workers for input.
- Avoid making a decision until one is made by default.
- Evaluate each options pros and cons and then
commit to a course of action.
- I want to start my own business so:
- I can have a more flexible schedule and take time
- Everyone will stop telling me what to do.
- I can create something of worth.
- If Im not making money after 3 months:
- Ill quit and try something else.
- Ill start temping to see how things go.
- Ill keep at it. I dont expect to make
money for at least a year.
- I think Ill be a good entrepreneur because:
- Ive read up on my industry and think Ive
got a great plan that will fill a market need.
- My friends and family told me Id be good at
- I am a good manager.
Use the following grid to identify how many points youve
earned for each question. Add up you total points and read
below what your score reveals about you.
Question 1: a. 3 b.
1 c. 2
Question 2: a. 2 b. 3
Question 3: a. 3 b. 2
Question 4: a. 3 b. 2
Question 5: a. 1 b. 3
Fewer than 6 points: You have a good sense of what
it takes to make it as a small business owner. Youre
confident and a forward-thinker, and youve done your
homework. With the proper resources, youre well positioned
to make a great start.
6 to 10 points: Though you have some of the skills
an entrepreneur needs, you may be lacking in some critical
areas, including decision-making capabilities, commitment,
and a well-developed plan. Make sure you know what youre
getting into before you strike out on your own.
11 or more points: You have a somewhat unrealistic
view of what is involved in owning and running a business,
including the long hours and demands on your personal life.
Before you quit your job, do some solid research and speak
with several small business owners to see what its really