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Mini-Quiz: Deciding to Start Your Own Business

by Ron Kurtus (4 August 2009)

Take this Mini-Quiz to check your understanding of the lesson material.

1. Why would a person out of work try to start a business?

The need for money and opportunity to pursue a dream

Because he is too incompetent to get a real job

To show former employer they made a mistake

2. What would influence you to turn your hobby into a business?

You can't afford to pursue the activity as a hobby anymore

Federal requirements say you can have a hobby for only five years

You see others who have turned the same hobby into businesses

3. What would influence you not to pursue an idea as a business?

Your neighbor tells you it is a bad idea in this economy

You see that startup costs are too high for the return on investment

You fear your idea is not original

If you got all three correct, you are on your way to becoming a Champion Entrepreneur. If you had problems, you had better look over the material again.

Fulfill your dream

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