Start your own business? Find out if you have what it takes.

  1. Do you consider yourself to be a good decision maker?
    Yes   No
  2. Do you have one or more years of experience related to the business you're wanting to start?
    Yes   No
  3. Have you have identified your target market and developed a customer profile (age, income, etc.)
    Yes   No
  4. Are you familiar with federal, state, and local permits, regulations, and ordinances that will affect your business?
    Yes   No
  5. Have you developed a unique selling proposition? Do you know what makes your product/service more appealing than competitors?
    Yes   No
  6. Do you know how to manage a cash flow?
    Yes   No
  7. Are you willing to live on a reduced income level while building your business?
    Yes   No
  8. Have you calculated a price point that will make your product/service both profitable and competitive in the market?
    Yes   No
  9. Do you know how to structure your business into a corporation or other legal form of business organization?
    Yes   No
  10. Are you self-disciplined and self-motivated?
    Yes   No
  11. Do you have the necessary bookkeeping knowledge and tools for your business?
    Yes   No
  12. Do you possess a strong work ethic?
    Yes   No
  13. Have you completed a SWOT analysis (strengths, weaknesses, opportunities, and threats) for the business you're planning to start?
    Yes   No
  14. Do you know how to create a budget for a business?
    Yes   No
  15. Will you be able to invest at least 40 hours a week?
    Yes   No
  16. Do you have adequate financial backing for your business venture? Have you considered the length of time it may take to achieve the break-even point?
    Yes   No
  17. Are you a self-starter?
    Yes   No