Entrepreneurial Self-Assessment Survey
Becoming an entrepreneur is an exciting and rewarding journey—but it’s not for everyone. The entrepreneurial path is filled with challenges, long working hours, financial risks, and emotional highs and lows. Before stepping into business ownership, it is important to evaluate your mindset, personality traits, work habits, and support system.
To help aspiring entrepreneurs reflect on their readiness, we have created a 20-item Self-Assessment Survey. This is not a test—there are no right or wrong answers. It is simply a tool to help you understand whether entrepreneurship aligns with your strengths, values, and lifestyle.
How to Complete the Survey
Read each statement carefully and respond honestly using the
rating scale below:
|
Rating |
Meaning |
|
5 |
Strongly Agree |
|
4 |
Agree |
|
3 |
Somewhat Agree |
|
2 |
Disagree |
|
1 |
Strongly Disagree |
Write your score next to each statement and calculate the total at the end.
Once you have your score, refer to the interpretation table
to understand your entrepreneurial readiness.
This is not a test This survey is for your personal information. Please answer each of the following questions as honestly as possible.
1. I am willing to work 50 hours or more per week regularly. _____
2. My family will support my going into business. _____
3. I am willing to accept both financial and career risks when necessary. _____
4. I don't need all the fringe benefits provided by conventional employment. _____
5. I would like to take full responsibility for the successes and failures of my business. _____
6. I would experience more financial success by operating my own business. _____
7. I feel a great deal of pride when I complete a project successfully. _____
8. I have a high energy level that can be maintained over a long time. _____
9. I enjoy controlling my own work assignments & making all decisions affecting my work. ____
10. I believe that I am primarily responsible for my own successes and failures. ____
11. I have a strong desire to achieve positive results even when it requires a great deal of additional effort. ____
12. I have a good understanding of how to manage a business. ____
13. I can function in ambiguous situations. ____
14. One or both of my parents were entrepreneurs. ____
15. I believe that my abilities and skills are greater than those of most of my coworkers. ____
16. People trust me and consider me honest and reliable. ____
17. I always try to complete every project I start, regardless of obstacles and difficulties. ____
18. I am willing to do something even when other people laugh or belittle me for doing it. ____
19. I can make decisions quickly. ____
20. I have a good network of friends, professionals, and business acquaintances. _____
TOTAL:_____
Total the numbers you placed before the statements and enter the total in the space provided.
Score Interpretation
Once you complete the survey, total your points and compare them with the guide below:
|
Score Range |
Meaning |
|
80 – 100 |
You have outstanding
ability to be an entrepreneur. Success is highly likely if you pursue it. |
|
60 – 79 |
You have
satisfactory ability. With skill-building and support, entrepreneurship can
be a good choice. |
|
40 – 59 |
Self-employment may
not currently be suitable. Consider exploring entrepreneurship later or
gaining more experience. |
|
0 – 39 |
Entrepreneurship
may not be the best fit for your personality and lifestyle. |
Characteristics of an Entrepreneur
The following list describes some common characteristics of an entrepreneur. The number(s) after each characteristic indicates the related statement(s) in the assessment form. This list interprets the form qualitatively. Note that arriving at a conclusive portrait of a typical entrepreneur is very difficult. Therefore, you may score low on the assessment and still succeed as an entrepreneur.
Works Hard (Statements 1 & 8)
Self-employment requires a great deal of time and effort. The entrepreneur must perform a wide variety of time-consuming tasks. 77% of all entrepreneurs report working 50 hours or more per week, and 54% say that they work more than 60 hours per week. Such a time commitment requires that you have a high energy level.
Wants Financial Success (Statement 6)
A primary reason that most entrepreneurs have for going into business is to achieve financial success. If you want to be an entrepreneur, you need to establish a reasonable financial goal that you want to achieve through self-employment. This goal will help you measure how well you are doing in fulfilling your personal needs through an entrepreneurial career.
Has Family Support (Statement 2)
A successful entrepreneur needs family support. If you are married, your spouse must believe in your business because it will require that both of you sacrifice time and money. The stress may create disruptions in family relationships. If you have children, they will need encouragement in understanding your need to spend so much time away from the family. The more positive support you receive from your family, the more you can concentrate on making the business a success.
Is Energetic (Statements 1 & 8)
Self-employment requires long work hours. You will frequently be unable to control the number of hours required to fulfil all the necessary tasks. The entrepreneur must have a high energy level to respond to the job's demands.
Has an Internal "Locus of Control', (Statement 10)
Successful entrepreneurs have an internal locus of control or inner sense of responsibility for the outcome of a venture. To be an entrepreneur, you should have a strong sense of being a "victor" who is responsible for your actions. If, however, you often consider yourself a "victim" and blame other people, bad luck, or difficult circumstances for your failures, entrepreneurship might not be the right career move for you.
Takes Risks (Statement 3)
Entrepreneurs are risk takers. They risk their careers, time and money in order to make a success of their businesses. To be successful in self-employment, you should feel comfortable taking reasonable risks.
Sacrifices Employment Benefits (Statement 4)
One of the major realities of self-employment is that you won't receive a regular pay check. You pay for your own fringe benefits. A nice office, secretarial assistance, equipment and other features of employment you have grown to expect are no longer available unless you provide them for yourself.
Has a Need to Achieve (Statements 7 & 11)
Entrepreneurs have a strong need for achievement. They strive to excel and accomplish objectives that are quite high. You should be willing to set high goals for yourself and enjoy striving to achieve those goals.
Has Business Experience (Statement 12)
An entrepreneur should have extensive business experience to be successful. General management experience is beneficial because an entrepreneur should know something about all types of management. Formal training and education in management also are helpful
Is Independent (Statements 5 & 9)
Entrepreneurs like to be independent and in control of situations. Many people who become self- employed consider the opportunity to be their own boss as one of the major benefits of self-.employment. Although being independent may not be a major concern for you, it is certainly an aspect of self-employment that you need to feel comfortable with. If you cannot afford to hire other employees when you begin your business, you may at first be lonely as a self-employed person.
Has a Self-employed Parent as a Role Model (Statement 14)
Research has shown that entrepreneurs are more likely to have a parent who is self-employed. A parent's inspiration and knowledge about operating a business can contribute to an entrepreneur's success.
Has Self-confidence (Statements 10,15, and 18)
An important characteristic of entrepreneurs is self-confidence. This factor is particularly important when you face major challenges and difficulties with your business. You need to believe in yourself. Your belief will help you overcome the problems that inevitably affect all self-employed persons at some point in their careers.
Has Integrity (Statement 16)
People often cite honesty and integrity as characteristics of entrepreneurs. Customers do not want to deal with business owners who are dishonest and unethical. You should feel positive about your ethical treatment of people and be committed to conducting your business with the utmost integrity.
Has Determination (Statement 17)
One of the most important characteristics of entrepreneurs is determination. This trait is closely related to self-confidence. The more you believe in yourself, the more likely you are to continue to struggle for success when faced with tremendous obstacles. You need determination in order to overcome the problems that beset every new venture.
Adapts to Change (Statement 13 and 19)
A new business changes rapidly, so an entrepreneur must be able to adapt to change. Two primary skills are required for adaptation to change: the capacity to solve problems, and the ability to make quick decisions. Another skill is the ability to learn from your mistakes.
Has a Good Network of Professionals (Statement 20)
An entrepreneur has a good network of professionals. This network provides access to those who can be consulted for advice, information, and referrals. You should have an extensive network of professionals to whom you can turn for assistance.
Why This Assessment Matters
Entrepreneurship demands much more than a great idea. It
requires grit, energy, emotional resilience, financial risk tolerance,
leadership ability, and personal support. Through this survey, you can
gauge whether your characteristics align with those commonly found in
successful entrepreneurs.
Some key attributes measured include:
1. Ability to Work Hard
Businesses demand long working hours and continuous effort.
Research shows that most entrepreneurs work more than 50–60 hours per week. If
you score high on willingness to work hard and maintain high energy levels, you
likely possess the stamina required.
2. Desire for Financial Independence
Entrepreneurs are driven by the motivation to build wealth,
not simply earn a salary. A strong desire for financial success helps sustain
long-term commitment.
3. Family Support
Starting a business affects the entire family. Emotional and
financial support can make the journey smoother and more fulfilling.
4. Risk-Taking Ability
Every business carries uncertainty. Successful entrepreneurs
are comfortable making decisions without guarantees and learning from failure.
5. Responsibility and Ownership
Entrepreneurs take full accountability for their successes
and failures. They believe in controlling their destiny rather than blaming
circumstances.
6. Independence and Leadership
From making decisions to solving problems, entrepreneurs
enjoy taking charge and shaping their future.
7. Determination and Persistence
Obstacles are guaranteed. Determination separates dreamers
from achievers.
8. Adaptability and Decision-Making
The business world changes rapidly. Entrepreneurs must think
quickly and adjust strategies when needed.
9. Strong Network
Relationships with mentors, professionals, and peers create
opportunities and open doors.
Final Thoughts
It’s important to remember that no assessment can define
your ultimate success. Many successful entrepreneurs began with
disadvantages, weaknesses, or low scores—but they learned, adapted, and
persevered.
Entrepreneurship is a journey of growth. If your score is
high, great—take the next steps. If your score is lower, use it as a roadmap to
improve your readiness.
Every successful entrepreneur starts somewhere. What matters
most is passion, courage, persistence, and continuous learning.
Would you like a session to develop the entrepreneurial spirit and increase the confidence level of your employees?
Reach out at training@compassclock.in / +917845050100 😊
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