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Mini-Quiz of Factors in Deciding to Start Your Own Business by Ron Kurtus - Succeed as an Entrepreneur: Starting Your Own Business. Also refer to desire, money, interest, hobby, potential, feasibility, risks, School for Champions. Copyright © Restrictions

Mini-Quiz: Factors in Deciding to Start Your Own Business

by Ron Kurtus (4 August 2009)

Take this Mini-Quiz to check your understanding of the lesson material.

1. Why would a person out of work try to start a business?

The need for money and opportunity to pursue a dream

Because he is too incompetent to get a real job

To show former employer they made a mistake

2. What would influence you to turn your hobby into a business?

You can't afford to pursue the activity as a hobby anymore

Federal requirements say you can have a hobby for only five years

You see others who have turned the same hobby into businesses

3. What would influence you not to pursue an idea as a business?

Your neighbor tells you it is a bad idea in this economy

You see that startup costs are too high for the return on investment

You fear your idea is not original

If you got all three correct, you are on your way to becoming a Champion Entrepreneur. If you had problems, you had better look over the material again.

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Fulfill your dream

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Resources and references

Author's Credentials

The following resources provide information on this subject:

Websites

Entrepreneur Resources

Books

Top-rated books on Starting a Business

Top-rated books on Entrepreneur

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Where are you now?

School for Champions

Business

Entrepreneurship topics

Mini-Quiz: Factors in Deciding to Start Your Own Business

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Entrepreneur topics

Basics

• Three Entrepreneurial Levels
• Basic Steps in Starting an Occasional Business
• Basic Steps in Going in Business for Yourself
• Types of Entrepreneurial Enterprises

Getting started

• Getting the Idea of a Business to Start
• Factors in Deciding to Start Your Own Business
• How to Start the Right Kind of Small Business

Case studies

• Case Study: Starting Dell Computers

Also see

• Weekly Feedback Blog
• Entrepreneurship Survey Results
• Growing Your Business
• eCommerce
• Marketing

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Live Your Life as a Champion:

Take care of your health

Seek knowledge and gain skills

Do excellent work

Be valuable to others

Have utmost character

Be a Champion!