Registration for P2 is now open! Sign up here

09.12.2016 Lifehacks

Are You Ready to Become an Entrepreneur?

Take this test to evaluate your situation before taking the entrepreneurial plunge.

Financial freedom

As a Startup you must be able to live in the first few months (maybe even years) with a very low wage or no income at all. You must clarify in advance if you can survive these rocky times. We recommend you create a private budgeting for each team member. The plan gives each of you an overview of the current and future financial situation.

Can everyone in the team afford the next few months without regular income?

O Yes

O Some of us

O No

 

Are you an entrepreneur?

As an entrepreneur you need various personal skills to be successful in the shark pool of startups.

 

Team members

You have strong personalities in your team?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

Your team has different skills and talents?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

You are team players?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

You can stand withstand conflicts?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

You have good self-confidence?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

You can solve crises and problems?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

At least one of you is enthusiastic?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

Independence

You can live unaided?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

You can self-motivate yourself again and again?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

You can work without clear structures?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

Decision-making authority in your team?

You share a vision and ideas which are new?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

You already have experience in successfully implement ideas?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

You are self-critical?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

You let you inspire quickly for new ideas and projects?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

Sales talent in your team?

You love the contact with people?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

You cannot empathize with other people you?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

You can argue and convince people of an idea?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

You can assess people well?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

You can trust other people?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

Readiness to sacrifice?

You can prioritize the start up over personal needs over a long time?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

You are ready to work very hard for little money in the coming years?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

You are ready to reduce your living standard during the start phase?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

You are ready to reduce leisure and private life?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

Ability to focus

You can say no?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

Your life plan is not short term but medium term (3-5 years)?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

You generally end what you have started?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

You focus on goals even when things are not going well?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

You don’t get thrown of track due to failures and setbacks?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

You are figthers?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

Health

You are all healthy?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

You have had burnout symptoms?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

You have had sleeping problems due to heavy workloads or financial difficulties?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

You can manage stress well?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

You can take responsibility and endure uncertainty?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

Your family and friends

The setting of family, friends or loved one contributes enormously to the success of your company!

 

Your family, partners and friends support your most important business plans?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

Your partner (possible children) are willing to forego in the initial phase?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

Your friends, partners and family members can do without you in the evening during the week?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

Your environment is aware that you can’t afford vacations during the start phase?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

 

Your environment does fully understand, that your company has first priority during the starting phase?

o    Strongly agree

o    Partially agree

o    Do not fully agree

o    Do not agree at all

Author

Thomas Landis

Head of F10 & Startup Coach – SIX Group
LinkedIn

What's your opinion?

We'd love to discuss with you