Virtual Careers Self-Employment Self-Assess Or Self-Destruct
Below is a MRR and PLR article in category Business -> subcategory Careers.
Virtual Careers and Self-Employment: Self-Assess or Self-Destruct
Embarking on an entrepreneurial journey with high hopes and a ton of dedication is commendable, but unfortunately, these attributes alone don’t guarantee success. Research shows that around 60% of businesses fail within the first two years. A significant factor in success is an individual's "entrepreneurial profile," which can be better understood through self-assessment.
Having worked with over 4,000 Virtual Assistants and Virtual Professionals across 65+ countries, we have developed a keen sense of the traits shared by successful entrepreneurs. We apply this knowledge in our Portable Career & Virtual Assistant Training Program for Military Spouses, which helps identify candidates most likely to succeed in their virtual businesses.
Entrepreneurial Self-Assessment
Adapted from our training program’s application form, the following 13 questions are a tool to gauge traits common among successful business owners. Without peeking at the score key, choose the option that best describes you.
1. Are you a self-starter?
- A. I often need help to kick off a project.
- B. I can quickly decide what needs to be done and initiate it.
- C. I wait until deadlines approach, as I work better under pressure.
2. Why do you want to start your own business?
- A. I’m tired of my current colleagues.
- B. I desire the freedom to manage my own business.
- C. I want to get rich quickly.
3. How do you feel about other people?
- A. Most people irritate me and complicate my job.
- B. I enjoy people and generally get along with everyone.
- C. I prefer a small circle of friends and acquaintances for simplicity.
4. How do you manage projects?
- A. I handle everything myself to ensure it's done right.
- B. I delegate extensively, trusting others to execute tasks.
- C. I delegate but frequently jump in to assist.
5. Can you lead others?
- A. I push hard to get people to perform.
- B. I can motivate others without much effort.
- C. I usually let someone else take the lead.
6. Will you have family support?
- A. My family will complain if I have less free time.
- B. My family understands that I am planning for our future and supports long hours.
- C. My family is eager to get involved and help with my work.
7. Can you take responsibility?
- A. I’ll take charge if needed, but prefer others to be responsible.
- B. I let outgoing or eager individuals lead.
- C. I enjoy taking charge and seeing things through.
8. How are your organizational skills?
- A. I like having a plan before starting.
- B. I often struggle with setting priorities.
- C. I find juggling responsibilities challenging.
9. Can you "stick with it"?
- A. I relentlessly pursue my goals, even at a cost to other activities.
- B. I abandon plans that don’t progress as expected.
- C. I prioritize balance but don’t stop until projects are completed.
10. What expectations do you have for your work schedule?
- A. I’d like more free time in my new business.
- B. Starting a business means always being on the clock.
- C. I plan to work hard but want to limit business hours.
11. Can you make decisions effectively?
- A. I need ample time for decisions, or I regret them.
- B. I am a quick thinker, making mostly acceptable decisions.
- C. I let others decide, fearing mistakes.
12. Can people trust what you say?
- A. I sometimes just say what people want to hear.
- B. My word is as good as gold.
- C. In business, I say what I must.
13. When in an unfamiliar place with new people, I usually:
- A. Sit back and observe others.
- B. Talk about myself and my business.
- C. Ask questions to learn about others.
Scoring Your Responses:
Assign a numerical value to each answer based on the key below:
1. A (3), B (8), C (5)
2. A (2), B (8), C (4)
3. A (2), B (8), C (5)
4. A (1), B (8), C (6)
5. A (5), B (8), C (4)
6. A (2), B (6), C (7)
7. A (2), B (5), C (8)
8. A (7), B (3), C (4)
9. A (5), B (2), C (7)
10. A (1), B (7), C (5)
11. A (4), B (8), C (2)
12. A (4), B (8), C (1)
13. A (1), B (4), C (8)
Interpreting Your Score:
- 42 or less: It’s unlikely you currently possess the traits for successful entrepreneurship.
- 43 to 54: You have some necessary traits but may find self-employment challenging.
- 55 to 65: You have strong entrepreneurial traits and a high chance of success.
- 66 or higher: You exhibit excellent entrepreneurial characteristics with great potential for success.
Remember, there's no "one size fits all" in entrepreneurship. This self-evaluation helps gauge your traits relative to successful entrepreneurs, but your unique personality and circumstances will ultimately shape your future.
You can find the original non-AI version of this article here: Virtual Careers Self-Employment Self-Assess Or Self-Destruct.
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