Step 1: Entrepreneur Assessment
An entrepreneur is a person who takes an idea for a product/service, considers the risks, identifies opportunities, gathers resources, and plans and implements the idea.
| Traits of an Entrepreneur |
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- Planning / strategy
- Good business mindset/head for business
- Self-reliance
- Clear and do-able goals and objectives
- Knowledge of the field
- Risk management
- Passion
- Strong work ethic
- Delayed gratification
- Persistence
- Lifelong learning
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Most entrepreneurs choose this path in order to ‘be their own boss’ as they enjoy the independence, flexibility and the ability to control their own destiny. Yet, beware, as there is also a potential downside to entrepreneurship that involves financial risks, stress and, in many cases, long hours.
ONLINE ENTREPRENEURIAL ASSESSMENTS
- Small Business Readiness Assessment Tool – Offered through the U.S. Small Business Administration. Based on your score, you will be directed to what your next steps should be.
- The Indiana Small Business Development Center helps you answer the question ‘are you ready?’ through a series of online worksheets.
Taking the Leap – what Prompts People to Start Their Own Business: Article by Bruce Strom, Ph.D.