QUIZ #2 – Assessing Your Entrepreneurial Skills

Entrepreneurs tend to start ventures using skills and knowledge they have acquired in a certain occupation or industry. But all entrepreneurs share general abilities. This assessment exercise will help you figure out how well you have developed the skills to be a successful entrepreneur. Keep in mind that you can always develop new skills, and your score is no more than an indication of your current entrepreneurial abilities.

DIRECTIONS: Read each statement then put an “X” in the column that best describes you.

Assessing your entrepreneurial skills

Creative Thinking: I have innovative ideas and find new ways to solve problems.

Not Developed

Beginner

Quite Capable

Very Capble

Planning & Research: I know how to find information and I am able to use it effectively.

Not Developed

Beginner

Quite Capable

Very Capable

Decision Making: I study my options and am able to make well thought out decisions.

Not Developed

Beginner

Quite Capable

Very Capable

Organization: I set priorities and organize my time to achieve them.

Not Developed

Beginner

Quite Capable

Very Capable

Communication (oral): I speak clearly and communicate my thoughts effectively.

Not Developed

Beginner

Quite Capable

Very Capable

Communication (written): I produce accurate, clear and error free writing.

Not Developed

Beginner

Quite Capable

Very Capable

Team Building: I know how to assemble, motivate and empower a team.

Not Developed

Beginner

Quite Capable

Very Capable

Marketing & Sales: I understand what marketing involves and how to go about selling a product or idea.

Not Developed

Beginner

Quite Capable

Very Capable

Financial Management: I know how to manage cash flow and read a bottom line.

Not Developed

Beginner

Quite Capable

Very Capable

Record Keeping: I can identify and use business forms and file and record financial transactions.

Not Developed

Beginner

Quite Capable

Very Capable

Goal Setting: I set and work toward short, medium and long term goals.

Not Developed

Beginner

Quite Capable

Very Capable

Business Management: I can manage people effectively, delegating tasks and business responsibilities.

Not Developed

Beginner

Quite Capable

Very Capable

Total Score:

Result

You have done a great job developing and balancing many of the skills required to be a successful entrepreneur. Make a note of the skills in which you scored the lowest and keep in mind that you will either need to develop them or find a partner or employees who are adept in those areas.
*You are ready to be a successful entrepreneur and accelerate your business success… and should consider the programs and coaching available in THE FREEDOM ENTREPRENEUR ACADEMY!

Result

You are very capable in some areas and a beginner in others. Developing a good balance of entrepreneurial skills is key to covering as many bases in business as you can. You are not expected to be able to do everything, but having some capability in each of these areas is your best bet for success.
*You are ready to start building your business and developing some of the missing business skills necessary to accelerate your success… and should consider the programs and coaching available in THE FREEDOM ENTREPRENEUR ACADEMY!

Result

You may have to work on some areas before starting on your entrepreneurial path. Identify the skills which need work, then brainstorm ways you could develop those areas (i.e.: taking a course, doing volunteer work, reading a book, etc.) However, if you are very capable in even one or two areas, you could be a valuable asset to someone else’s entrepreneurial team.
*Although you may have a burning desire to start a business, you are not quite ready, and should consider taking the 7 day challenge or 7 week intensive within the FREEDOM ENTREPRENEUR FORMULA Coaching Program to build a rock-solid foundation before proceeding.

Result

You are probably just beginning to consider the skills you will require to be an entrepreneur. Try not to feel overwhelmed by the number of skills you need. Many areas overlap and can be learned through everyday tasks like interacting with others or balancing your checkbook. Pick two or three skills to start working on, and set some goals to keep track of your progress.
*Although you may have a burning desire to start a business, you are not quite ready and should consider taking the 7-day challenge or 7-week intensive within the FREEDOM ENTREPRENEUR FORMULA Coaching Program to build a rock-solid foundation before proceeding. I also suggest scheduling a free 30-minute discovery call to help assess your situation and find the most appropriate path forward.

If you are human, leave this field blank.

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QUIZ #2 – Assessing Your Entrepreneurial Skills

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