Going it Alone

The most successful entrepreneurs have certain traits in common. Take this quiz to find out if you have them, too.

course, they will.
20. If you don’t have support from family and friends, watch out!! Their emotional support (or acquiescence) will help you keep focused on the main job, making the business work. If you don’t communicate with them, they’ll subvert you one way or another.
21. Successful entrepreneurs have good management skills or they know how to hire people to fill the skill gaps. They are also aware of the Lone Ranger fallacy: they don’t go it alone.
Now you have a better idea of how you’d fare as your own boss. For more insight, check out the first part of a series on entrepreneurship in this month’s Motivation section.
Adapted from Launching Your Home-Based Business: How to Successfully Plan, Finance and Grow Your New Venture by David H. Bangs, Jr. & Andi Axman, $22.95. Copyright (C) 1998. Reprinted by arrangement with Upstart Publishing. To order, call 800-829-7934, or BOOKSNOW! at 800-BOOKS-NOW or www.BooksNow.com/BlackEnterprise

What’s your score?
Give yourself the following number of points for each answer you’ve chosen.
1. Hard work a. 0 b. 2 c. 5 d. 3
2. Health a. 2 b. 5 c. 3 d. 2
3. Self-starter a. 0 b. 3 c. 1 d. 5
4. Achiever a. 5 b. 0 c. 2 d. 4
5. Moderate risk taker a. 1 b. 2 c. 5 d. 0
6. Good judgment a. 0 b. 2 c. 5 d. 3
7. Stick-to-itiveness a. 3 b. 1 c. 5 d. 1
8. Strong need for feedback a. 3 b. 3 c. 2 d. 5
9. Communication skills a. 5 b. 5 c. 3 d. 0
10. Future orientation a. 5 b. 0 c. 3 d. 0
11. Experience in the business a. 0 b. 5 c. 3 d. 0
12. Coach and leader a. 2 b. 5 c. 3 d. 2
13. Tolerance for ambiguity a. 2 b. 0 c. 3 d. 5
14. Passion for the business a. 5 b. 0 c. 4 d. 5
15. Financial resources a. 2 b. 5 c. 1 d. 4
16. Reliability a. 2 b. 0 c. 3 d. 5
17. Responsible a. 2 b. 0 c. 3 d. 5
18. Self-confidence a. 3 b. 5 c. 2 d. 0
19. Creative & innovative a. 0 b. 0 c. 5 d. 1
20. Spousal and family support a. 0 b. 0 c. 3 d. 5
If you scored 75 or better, you’ll do just fine in your business. If you scored 40-74, think carefully about going into business for yourself. If you scored below 40, keep your day job and shelve your entrepreneur dream for a while.

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