Friday, May 20, 2011

Are You Cut Out To Start Your Own Business? Take this Self-Test Now!

Susan T Spencer is a successful entrepreneur, award winning author of Briefcase Essentials, business lawyer, and former General Manager of the Philadelphia Eagles Football team. Learn more at

Do you have what it takes to start your own business today? Find out by answering Yes or No to the 10 questions below:

1. Passion and Drive
Can you keep your nose to the grindstone for 10-12 hours a day, 7 days a week for the first two years?

2. Diligence
Do you have the ability to research a business opportunity or idea thoroughly and objectively determine which businesses suit your skills?

3. Persistence
Can you take “No” for an answer and keep moving forward without taking that “No” personally?

4. Flexibility
Are you eager to take on new projects that might not be in an area where you excel?

5. Adaptability
Can you change course in mid-stream when someone else shows you a better option?

6. Reaching out For Help
Are you comfortable asking others for help and then accepting it?

7. Discipline
Can you live on a tight budget?

8. Cash Flow Savvy
Do you have the ability to handle your finances by “robbing Peter to pay Paul?”

9. Sense of Humor
Can you laugh at yourself when you make a dumb mistake?

10. Doing Your Homework
Are you one of those students who always made sure they handed in homework assignments on time and complete?

See Success Key Below:
9-10 yes answers: You have passed the first threshold, the heavy lifting lies ahead
7-8 yes answers: Your chances are 20-1 unless you are able to work on the “No’s” by hiring a coach, or other professional advisor to help you improve your apparent weak spots.
1-6 yes answers: Stop dreaming and get a job!