4.03 – Take Our Home-Based Business Quiz
Starting a home-based business is a significant decision that requires careful consideration. It’s a major transition that affects your career, lifestyle, and financial stability. Are you truly ready to make the leap, or should you take some more time to prepare? This quiz will help you evaluate your readiness.
To help you decide, take the following home-based business quiz. Circle your answer to each of these questions, add up the results, and find out whether you’re ready to take the plunge!
Home-Based Business Quiz
Circle your answer to each of the following questions, tally your score, and discover whether you’re ready to start your own home-based business!
How strong is your drive to succeed in your own home-based business?
A. I can and will be a success. Period.
B. I’m fairly confident that if I put my mind to it, I’ll succeed.
C. I’m not sure. Let me think about it for a while.
D. Did I say that I wanted to start my own business? Are you sure that was me?
Are you ready to work as hard as or harder than you have ever worked before?
A. You bet – I’m ready to do whatever it takes to succeed!
B. Sure, I don’t mind working hard as long as I get something out of it.
C. Okay, as long as I still get weekends and evenings off.
D What? You mean I’ll still have to work after I start my own business? Isn’t that why I hire employees?
Do you like the idea of controlling your own work instead of having someone else control it for you?
A. I don’t want anyone controlling my work but me!
B. Sure, I don’t mind working hard as long as I get something out of it.
C. Okay, as long as I still get weekends and evenings off.
D. What? You mean I’ll still have to work after I start my own business? Isn’t that why I hire employees?
Have you developed a strong network of potential customers?
A. Yes, here are their names and numbers.
B. Yes, I have some pretty strong leads.
C. Not yet, but I’ve started kicking around some ideas with potential customers.
D. I’m sure that as soon as I let people know that I’m starting my own business, customers will line up.
Do you have a plan for making the transition into your home-based business?
A. Here it is – would you like to read the executive summary or the full plan?
B. Yes, I’ve spent a lot of time considering my options and making plans.
C. I’m just getting started.
D. I don’t believe in plans – they cramp my style.
Do you have enough money saved to tide you over while you get your business off the ground?
A. Will the year’s salary that I have saved be enough?
B. I have six months’ expenses hidden away for a rainy day.
C. I have three months’ worth.
D. I don’t have any money saved to cover my living expenses.
How strong is your self-image?
A. I am self-esteemed!
B. I strongly believe in my own self-worth and in my ability to create my own opportunities.
C. I feel fairly secure with myself; just don’t push too hard.
D. I don’t know – what do you think?
Do you have the support of your significant other and/or family?
A. They’re all on board, are an integral part of my plan, and have been assigned responsibilities.
B. They’re in favour of whatever makes me happy.
C. I’m pretty sure they’ll support me.
D. I’m going to tell them about it later.
If it's a necessary part of your plan, will you be able to start up your home-based business while you remain in your current job?
A. Sure – in fact, my boss wants in!
B. If I make a few adjustments in my schedule, I can’t see any other reason why I can’t.
C. Would you please repeat the question?
D. Maybe I’ll be able to work on it for a couple of hours a month.
What will you tell friends when they ask why you quit that great job?
A. I’m free at last!
B. That the benefits clearly outweigh the potential costs.
C. I don’t know; maybe they won’t ask.
D. I’ll pretend that I’m still working for my old organisation.
Scoring
Give yourself 5 points for every A answer, 3 points for every B, -3 for every C, and -5 for every D. Now tally up the numbers and compare your results with the following ranges:
- 25 to 50 points: You're ready! You can decide whether to leave your day job immediately or transition gradually into your new business.
- 1 to 24 points: You're warming up to the idea of starting your own home-based business. Consider starting it while keeping your day job until your venture is well underway.
- 0 points: You could go either way. Consider taking this quiz again in a month or two and explore more courses in the meantime.
- -1 to -24 points: You don’t seem quite ready for the transition. Take some time to prepare, read more about home-based businesses, and revisit this quiz later.
- -25 to -50 points: It appears that working for someone else might be a better fit for you at this time.
Are You Ready?
If the quiz indicates that you’re ready, congratulations! If not, don’t worry. There will be plenty of opportunities in the future, and when you’re ready for them, they’ll be ready for you.
