Quiz: Are You Ready to Start a Business?

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Has the idea of quitting your 9-5 job and starting your own business been taking over your thoughts? Maybe you have the perfect idea for a product or service, but just don’t know where to get started?

There’s a lot that goes into the process of starting your own business. So, before you quit your day job, ask yourself these 10 questions to see if you are really ready to start a business:

Are You Ready to Start a Business?

Do I have a strong desire to be my own boss?
Yes
No

Correct!

Wrong!

Are there already businesses doing the same thing?
Yes
No

Correct!

Wrong!

Is there nearby competition?
Yes
No

Correct!

Wrong!

Is there a gap in the market that my business could fill?
Yes
No

Correct!

Wrong!

Do I have a defined target market yet?
Yes
No

Correct!

Wrong!

Do I know my mission and goals for my business?
Yes
No

Correct!

Wrong!

Do I currently have other obligations that will prevent me from putting in 100%?
Yes
No

Correct!

Wrong!

Do I have the funds to start my business or have an idea of how to get them?
Yes
No

Correct!

Wrong!

Do I have the necessary skills and abilities to start and manage the daily operations of a business?
Yes
No

Correct!

Wrong!

Do I have adequate knowledge and understanding of the industry I am about to enter?
Yes
No

Correct!

Wrong!

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