"How To Know If You're Ready To Start Your Own Home Based Business"

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This assessment tool is designed to help you better understand your readiness for starting a small business. It will prompt you with questions and assist you in evaluating skills, characteristics and experiences as thy relate to your preparedness to start a business. Take it right now to see how ready YOU are to become a work from home professional!

GENERAL QUESTIONS

I think I'm ready to start a business.

TrueFalse

I have worked in a business similar to what you are planning to start.

TrueFalse

People that know me say I am well suited to be self-employed.

TrueFalse

I have support for your business from family and friends.

TrueFalse

I have taken a course or seminar designed to teach me how to start and manage a small business.

TrueFalse

I have a family member or relative who owns a business.

TrueFalse

I have discussed my business idea with a trusted mentor or business coach.

TrueFalse

PERSONAL TRAITS

I consider myself a leader and a self-starter.

TrueFalse

Other people consider me a leader?

TrueFalse

I am willing to invest a significant portion of my savings to get your business started.

TrueFalse

I have enough confidence in myself and my abilities to sustain myself in business, or when things get tough.

TrueFalse

I like to make my own decisions.

TrueFalse

I am prepared to tighten your belt if needed to sustain my business.

TrueFalse

Others turn to me for help in making decisions.

TrueFalse

I am willing to commit long hours to make my business work.

TrueFalse

Others consider me a team player.

TrueFalse

SKILLS & EXPERIENCE

I have a business plan for the business I am planning to start.

TrueFalse

I know and understand the components of a business plan.

TrueFalse

I know what form of legal ownership is best for my business.

TrueFalse

I know why some consider business planning to be the most important factor determining business success.

TrueFalse

I know if my business will require a special license or permit and how to obtain it.

TrueFalse

I know where to find the demographic data and information about my customers.

TrueFalse

I know how to compute the financial 'break-even' point for my biz.

TrueFalse

I know how to compute the start-up costs for my business.

TrueFalse

I know the various loan programs available to me from banks and the SBA.

TrueFalse

I understand how a business loan can impact my credit.

TrueFalse

I know how to prepare and/or interpret a balance sheet, income statement and cash flow statement.

TrueFalse

I know why small business loans are considered more risky than loans made to large businesses.

TrueFalse

I am sure my planned business fills a specific market need.

TrueFalse

I know my target market.

TrueFalse

I understand the tax requirements associated with my business.

TrueFalse

I know how to prepare a marketing strategy for my business.

TrueFalse

I feel comfortable using a computer or other technology to improve business operations.

TrueFalse

I have a customer service strategy in mind or in place.

TrueFalse

I know how to obtain and EIN (Employee Identification Number) for my business.

TrueFalse

I know if my business should have some form of intellectual property protection.

TrueFalse

I know where to obtain information about regulations and compliance requirements that impact my business.

TrueFalse

I have developed a customer acquisition and retention strategy

TrueFalse

I know have completed a comprehensive budget for my first year.

TrueFalse

I know where to get help if I need it.

TrueFalse

First Name:
Your Email:

Your test results will be sent to the email address you provide here. Review your results for specific actions you can take to ensure your success! We'll also send you great tips for how to start, build and grow your home based small business!

Best,

Judi LaPoint