Risk Assessment Quiz Below is an entrepreneur risk assessment quiz which will help you think about the task of building a successful new business. The test questions will help you begin the follow steps in starting your own business. These steps are:• Identify your idea for a business• Analyze your motive for wanting to start a new business• Identify your personal characteristics/traits• Evaluate the market for your product or service• Determine your financial needs• Prepare a business plan• Assemble a team of experts to assist you• Implement the business plan• Never stop learning and asking questions First Name Last Name City State/ProvincePlease select... AL AK AZ AR CA CO CT DC DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY American Samoa Guam Northern Mariana Islands Puerto Rico U.S. Virgin Islands Alberta British Columbia Manitoba New Brunswick Newfoundland and Labrador Nova Scotia Northwest Territories Nunavut Ontario Prince Edward Island Quebec Saskatchewan Yukon Abbreviation AL AK AZ AR CA CO CT DC DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY American Samoa Guam Northern Mariana Islands Puerto Rico U.S. Virgin Islands Alberta British Columbia Manitoba New Brunswick Newfoundland and Labrador Nova Scotia Northwest Territories Nunavut Ontario Prince Edward Island Quebec Saskatchewan Yukon Email What type of business do you want to start?I haven’t made my final decision yetWhatever has the greatest chance to succeed and provide a good incomeRetail businessWholesale businessService BusinessManufacturing businessConstruction businessAgricultural business Why do you want to go into business?I need a jobI can’t stand working for anyone elseTo make a lot of moneyTo give me an outlet for lost of unused energyFor personal satisfaction and achievement Why do you think you can succeed in starting a new business?I have the necessary experience/education in this line of businessI think I can make a lot of money in this type of businessI’m pretty energetic and intelligent and could succeed in any type of businessI have a new idea/approach that nobody has tried beforeThere is a need for this type of business in my communityPlenty of other people have started businesses and succeeded, and I think I can My business will be successful if:I can just get a loan to get startedI can make an immediate profitI can find a cheap locationI can satisfy a needI can create a (new) need How many hours a week are you willing to devote to your business?Less than 40 hours40 hours40-50 hours50-60 hoursOver 60 hours Are you in good health?YesNo How are other businesses, like the one you want to start, doing in your community?About averageVery wellI’m not aware of how they are doingThere are no businesses around here like the one I want to start For each of the remaining questions, indicate whether you agree, partially disagree, or disagree with the statements presented below. A really good idea sells itself.AgreePartially disagreeDisagree I think I should pay myself more as the founder of my business than I made working at my old job.AgreePartially disagreeDisagree I am generally an optimistic person, and I am optimistic about my chances to succeed in business.AgreePartially disagreeDisagree I think I should be free to run my business as I see fit. Investors and lenders should respect this and leave me alone, free from their interference.AgreePartially disagreeDisagree When solving problems, I look for the best solution and forget about the rest.AgreePartially disagreeDisagree When I decide there is something I want, I usually find a way to get it. If I don’t find a way, I figure out why.AgreePartially disagreeDisagree I never plan what I am going to do tomorrow. Something always comes up that changes things, so why should I waste my time?AgreePartially disagreeDisagree If I were going to bet, I’d bet on the “long shot” with the highest potential payoff.AgreePartially disagreeDisagree I like spending time with my employees or fellow workers after the day is over.AgreePartially disagreeDisagree I enjoy setting my own standards and goals and I work hard to achieve them.AgreePartially disagreeDisagree I am basically an easy going person in my relationships with others. I don’t push my opinions or demands on anyone.AgreePartially disagreeDisagree I don’t like ambiguity, and I take action to find out what is going on.AgreePartially disagreeDisagree I work best when someone gets me going and provides some help along the way.AgreePartially disagreeDisagree I am going to hire friends or people I know to work for me. I think that’s best because I know I can trust them not to give me trouble.AgreePartially disagreeDisagree I feel it is unrealistic to set lifetime goals because you never know what opportunities may arise in the future.AgreePartially disagreeDisagree When I know what I am talking about, I can get others to believe me.AgreePartially disagreeDisagree The most effective way to solve a problem is to consider a lot of different alternatives.AgreePartially disagreeDisagree Making a lot of money is largely a matter of getting the right breaks.AgreePartially disagreeDisagree I enjoy playing sports or games with people who are a little better than I am.AgreePartially disagreeDisagree I like to impress people by showing them how well I can do certain things.AgreePartially disagreeDisagree I find that other people often waste my valuable time.AgreePartially disagreeDisagree I don’t mind talking openly about myself with other people.AgreePartially disagreeDisagree Part of being successful in business is reserving enough time for family.AgreePartially disagreeDisagree If I were faced with failure, I would shift something else rather than seeing things through to the bitter end.AgreePartially disagreeDisagree If someone has legitimate authority, I don’t mind following his or her orders.AgreePartially disagreeDisagree When I face a problem or task with which I am unfamiliar, I am willing to listen to advice.AgreePartially disagreeDisagree I enjoy planning things more than I do actually carrying out the plans.AgreePartially disagreeDisagree I enjoy competing and doing things better than someone else.AgreePartially disagreeDisagree Answers Sum Need assistance with this form?