Evaluate Yourself<\/h2>\r\n\r\n[caption id=\"attachment_7906\" align=\"alignright\" width=\"260\"]![\"person](\"https:\/\/content-cdn.one.lumenlearning.com\/wp-content\/uploads\/sites\/15\/2023\/02\/21181922\/pexels-andrea-piacquadio-3768144-300x200.jpg\")
Figure 1. It's important to assess yourself honestly in deciding whether to start a business.[\/caption]\r\n\r\n
The entrepreneurial assessments discussed earlier this module are a good starting point for self-assessment. Additionally, you might want to take the Grit Test<\/a> developed by psychology professor and researcher Angela Duckworth.<\/p>\r\n Another way to approach the question is to review the type of questions a founder might ask in an interview and consider whether you would hire yourself. For perspective, scan the questions\u2014and thought process behind the questions\u2014shared by start-up leaders and others in Firstround.com\u2019s The Best Interview Questions We\u2019ve Ever Published<\/a>. According to Anne Dwane, one of the serial entrepreneurs interviewed, \u201cthe most important quality any start-up leader (current or aspiring) can have is adaptability.\u201d To get at that, she asks (and you might want to ask yourself\u2014and reflect on your responses) the following questions:<\/p>\r\n Additional questions to consider include Koru co-founder and CEO Kristen Hamilton\u2019s questions regarding grit, rigor, impact, and ownership.<\/p>\r\n Viability is something that will come out of the business planning process, which we will discuss in the next few sections. Before you dive into a business, it\u2019s essential to do careful planning to ensure that the venture has potential to succeed. Jumping in with no information and no plan is a recipe for disaster.<\/p>\r\n The third consideration is doing a reality check on why you want to start a business. Consider Dwane\u2019s opening question: \u201cwhat motivates you and what do you want to do next?\u201d Can you connect these dots? Starting a new small business will require a lot of time and energy. If you\u2019re not truly passionate about your venture and willing to dedicate yourself to it, especially when it's new, it (and you!) won\u2019t be able to stand up to the stress of day-to-day business.<\/p>\r\n The three fundamental questions to consider when deciding to start a business are:<\/p>\n The entrepreneurial assessments discussed earlier this module are a good starting point for self-assessment. Additionally, you might want to take the Grit Test<\/a> developed by psychology professor and researcher Angela Duckworth.<\/p>\n Another way to approach the question is to review the type of questions a founder might ask in an interview and consider whether you would hire yourself. For perspective, scan the questions\u2014and thought process behind the questions\u2014shared by start-up leaders and others in Firstround.com\u2019s The Best Interview Questions We\u2019ve Ever Published<\/a>. According to Anne Dwane, one of the serial entrepreneurs interviewed, \u201cthe most important quality any start-up leader (current or aspiring) can have is adaptability.\u201d To get at that, she asks (and you might want to ask yourself\u2014and reflect on your responses) the following questions:<\/p>\n Additional questions to consider include Koru co-founder and CEO Kristen Hamilton\u2019s questions regarding grit, rigor, impact, and ownership.<\/p>\n Viability is something that will come out of the business planning process, which we will discuss in the next few sections. Before you dive into a business, it\u2019s essential to do careful planning to ensure that the venture has potential to succeed. Jumping in with no information and no plan is a recipe for disaster.<\/p>\n The third consideration is doing a reality check on why you want to start a business. Consider Dwane\u2019s opening question: \u201cwhat motivates you and what do you want to do next?\u201d Can you connect these dots? Starting a new small business will require a lot of time and energy. If you\u2019re not truly passionate about your venture and willing to dedicate yourself to it, especially when it’s new, it (and you!) won\u2019t be able to stand up to the stress of day-to-day business.<\/p>\n\r\n\t
Evaluate Your Concept<\/h2>\r\n
Evaluate Your Motivation<\/h2>\r\n
Deciding Whether to State a Business<\/h2>\n
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Evaluate Yourself<\/h2>\n
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Evaluate Your Concept<\/h2>\n
Evaluate Your Motivation<\/h2>\n