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Home Pre start up Do you have a business idea? Take the 'Are you ready for Business?' Quiz

‘Are you ready for business?’ quiz

Failing to plan can mean the same as planning to fail!

 

Starting any business requires resources, hard work and planning; so, by fulfilling all three the odds will be stacked in your favour. The following set of questions may help to give you some insight and pointers for the next part of your journey.

There are 17 questions that will act as a guide to 'what to do next'.

Simply click the button next to the answer that is the closest match to your situation.

At the end of the quiz a report will be generated advising you on each of your responses

It is important to remember that there is not always a fully right or wrong answer!

There are 24 questions that will act as a guide to 'what to do next'.

Simply click the button next to the answer that is the closest match to your situation.

At the end of the quiz a report will be generated advising you of your next steps.

Where did your idea for a business come from?



How fixed are you on your business idea?



How much research have you done?



Do you have something unique or special about your business?



Do you have a clear idea of who your customers will be?



What is the competition like for your business?



Is your business idea something you already know about?



How many years of relevant experience do you have?



Do you need any additional training or qualifications?



Do you have a business reputation you will be able to trade on in your new venture?



Do you have business partners with relevant skills or experiences?



Why have you chosen this business idea?



Where are you going to get the money to start your own business?



Do you know how much money you will need to set up the business?



Have you written a Business Plan including a cash flow projection



How much money do you need the business to generate?



Have you worked out your pricing structure?



Have you calculated when your business will start to make money?



Why do you want to start your own business?



How much time are you prepared to put into your business?



What is your attitude to risk?



How well do you cope with set backs?



How organised are you?



How do you approach decision making?