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Getting Started

You have a good idea for a business - Great!!

Most successful Micro businesses have a number of things in common. To see if you are ready to start a business that is likely to be successful, complete the following quiz.

Your responses will remain private, and are not being collected or used by us, so be as honest as you can!
1. Do you have formal training in producing the product/service you want to sell?

yes
no


2. Do you intend being trained on how to run a business?

yes
no


3. Do you have a close family member in business?

yes
no


4. Are you prepared to take calculated risks?

yes
no


5. Is your partner or family keen to support you in this business?

yes
no


6. Are you going into business because you are convinced that you can produce the product/service better and cheaper than your boss can?

yes
no


7. Do you expect to make more money than you did when working for a wage?

yes
no


8. Do you expect to make profit?

a) In the first 6 months

b) In the first year

c) In the first 18 months

d) In the first two years


9. Are you able to survive without making a profit for two years?

yes
no


10 . Do you intend borrowing money to start up your business?

yes
no


11. Do you intend getting business advice, before commencing your business?

yes
no


12. In the first 2 months do you intend using?

a) An accountant

b) A solicitor

c) A business consultant

d) A marketing consultant

e) None


13. Are you starting a business while on a pension/dole?

yes
no


14. Are you passionate about producing your product/service?

yes
no


15. Are you passionate about running a business?

yes
no


16. Do you intend researching your market?

yes
no


17. Do you intend joining a business support group?

a) no

b) yes, before commencing

c) yes, soon after starting

d) yes, when established


18. Do you expect to work less hours than when working for a wage?

yes
no


19. Do you expect to have weekends off and go on regular holidays?

yes
no


20 . Are you aware of government regulations pertaining to your type of business?

yes
no

IN THIS SECTION:
Quiz: Are you ready?
Reasons to be in business
Businesses suitable for home
Planning
Deciding location
Professional Services
Business Attitudes
Occupational Health and Safety

SEE ALSO:
Finances
Business structures
 Council Networks, Events, Functions

 

 

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