How Entrepreneurial Are You? - Business Mindset Assessment Test

Are you business minded?

Here is a Business Mindset Assessment Test. The following questions deal with your personal background, behavioural characteristics, and lifestyle patterns and how they are related to your Entrepreneurial Mindset or Business Mindset. Get a piece of paper and answer the questions by indicating these rates:

4 - Definitely Yes
3 - Probably Yes
2 - Probably No
1 - Definitely No

Part 1: Attitudes Toward Risk Taking

1. I am prepared to make sacrifices in my family life and to take a cut in pay to succeed in my own business.
2. I take risks for the thrill of it.
3. I enjoy doing something just to prove that I can.
4. I enjoy tackling a task without knowing all the potential problems.

Part 2: Personal Initiative and Discipline

5. Once I decide to do something, I will do it and nothing can stop me.
6. When I begin a task, I set clear goals and objectives for myself.
7. After a severe setback in a project, I am able to pick up the pieces and start over again.
8. I am usually able to come up with more than one way to solve a problem.
9. I believe in organizing my tasks before getting started.
10. I find myself constantly thinking up new ideas.
11. I can concentrate on one subject for extended periods of time.
12. I find unexpected energy resources as I tackle things I like.
13. I am likely to work long hours to accomplish a goal.

Part 3: General Attitudes

14. When I do a good job, I am satisfied in knowing personally that the job has been well done.
15. I like the feeling of being in charge.
16. When I think of the future, I envision myself running my own business.
17. I try to do a better job than is expected of me.
18. Personal satisfaction means more to me than having money to spend on myself.
19. I try to find the benefits in a bad situation.
20. I persist when others tell me it can’t be done.
21. I enjoy being able to make my own decisions on the job.
22. I can accept failure without admitting defeat.
23. I strive to use past mistakes as learning processes.
24. I find that answers to problems come out of nowhere.
25. I prefer to make final decisions on my own.

Sum up your scores and see this interpretation:

Above 75 Definitely Entrepreneurial
Your combination of personal background and behaviour and lifestyle patterns should give you the basis for a successful business.

50–74 Possibly Entrepreneurial
You might have the basis for succeeding in your own business. The process of preparing your business plan can help clarify your entrepreneurial orientation. If the information that you gather excites you about the prospect of running your own business, you will probably do well. On the other hand, if the prospect of running your own business scares you, think carefully about whether or not to proceed.

26–49 Probably Not Entrepreneurial
Other possibilities may be more suitable for you.

Under 25 Definitely Not Entrepreneurial
This is self-explanatory; you will probably work best as an employee.

Regardless of your score, discuss the results with your friends, primarily your family and closest friends. They may see a side of you that you do not see. Their comments, combined with your score on the assessment, will provide you with a very good indication of success in your own business.

Now that you've known the levels of your business mind now lets start that business!

Read more of the series Starting Your Small Business.