Business Start-up Quiz

1. Can you handle not knowing where your next paycheck will come from or when?  Is job security important to you?
2. Do you have the cash reserves or source to pay your personal bills for the next 2 years without taking any salary from your business?  If your spouse is going to support you are they ok with that?
3. How much are you willing to risk?  How much are willing to and can afford to loose?
4. Are you willing to missed family outings and favorite TV shows?
5. In 5 years how much do you want to be making a year from your business?
6. What types of personnel lifestyle do you want?  Will your business realistically allow you the hours and personal rewards that are important to you?
7. Do you like being the leader and making the decisions?
8. How would a business failure or success affect the rest of your life?
9. How is your physical stamina?  Business owners need a lot of energy.  Do you handle stress well?
10. Do you like the area you currently live in?  As a business owner you will become part of the community.  Is there where you want to be?
11. List the top 5 reasons why you want to start your own business.  Now list your top 5 personal life goals.  Are there any conflicts?  
12. Do you LOVE doing what your business will offer?  You will be doing it 12 to 18 hours a day, if you don't like what you are doing you will not want to do it.