*adapted from The Field Guide to Starting A Business by Stephen M. Pollan and Mark Levine

 

THE ENTREPRENEURIAL PERSONALITY TEST

 

Directions: Print this and then read each statement carefully. Fill in the answer blank with an…

A = strongly agree

B = moderately agree

C = moderately disagree

D = strongly disagree

After filling in all the blanks read about your answers and determine if you should be an entrepreneur.

_____ 1. I generally try to take charge of things when I am with people.

_____ 2. I am very aware of the passage of time and often push myself to complete a task before stopping.

_____ 3. I dislike taking orders from others or being told what to do.

_____ 4. I would want my employees to be content, but not at the expense of the business.

_____ 5. Given reasonable odds, my efforts make a difference in reaching a goal.

_____ 6. Things which typically bother most people do not bother me.

_____ 7. I seem to have a much higher energy level than most people.

_____ 8. I believe that there is a proper time for everything, and things can’t be rushed.

_____ 9. I have often been in the position of directing or leading projects or groups.

_____10. When confronted with a complex task, I am generally able to pull it all together myself-and in fact enjoy doing so.

_____11. Even if I disliked doing it, I would be able to fire an employee who was not productive.

_____12. Once I’ve started a project, I find it very difficult to change my course of action even if the chances of being successful are not very great.

_____13. I would readily leave a well-paying, high-status job to start my own business, even if it meant having a lot less money to spend for awhile.

_____14. I can do just about anything I set my mind to do.

_____15. Others say I have a sharp, analytical mind. Analytical means critical of detail, logical, able to think through problems without emotion.

_____16. I have worked long, hard hours for long periods of time, and I would do so again if necessary.

_____17. I have a low tolerance for frustration.

_____18. I get bored easily with routine tasks and thrive on challenges.

_____19. It is important for me to be the best in things I undertake to do.

_____20. I would choose to work with a difficult but highly competent person rather than a congenial but less competent one.

_____21. My age is

    1. 20 to 28
    2. 29 to 37
    3. 38 to 46
    4. 47 or above

_____22. I have had ________ of experience in the industry in which I plan to start a business.

    1. 0 years
    2. ½ to 1 year
    3. 1 to 2 years
    4. more than 2 years

_____23. I have had the following business experience:

    1. a management position in a successful firm
    2. a management position in any firm
    3. no management experience

_____24. I have missed _____ days of school due to illness or other reasons over the past three years.

    1. 0 to 5
    2. 6 to 10
    3. 11 to 15
    4. 16 or above

_____25. I generally need at least ________ hours of sleep to function effectively.

    1. 8
    2. 7
    3. 6
    4. 5 or less

 

THE ANSWERS

  1. Need for power-a strong one is vital (a=4, b=3, c=2, d=1)
  2. Sense of urgency-a powerful one is a prerequisite (a=4, b=3, c=2, d=1)
  3. Need for power (a=4, b=3, c=2, d=1)
  4. Objective approach to interpersonal relationships-entrepreneurs often have to look on people as means to an end (a=4, b=3, c=2, d=1)
  5. Internal locus of control-believing you control your own destiny-a must for successful entrepreneurs (a=4, b=3, c=2, d=1)
  6. Emotional stability-the more stable the better (a=4, b=3, c=2, d=1)
  7. Energy level-it must be high (a=4, b=3, c=2, d=1)
  8. Sense of urgency-a powerful one is needed (a=4, b=3, c=2, d=1)
  9. Need for power-a strong one is vital (a=4, b=3, c=2, d=1)
  10. Conceptual ability-successful entrepreneurs shine here (a=4, b=3, c=2, d=1)
  11. Objective approach to interpersonal relationships-entrepreneurs often have to look on people as means to an end (a=4, b=3, c=2, d=1)
  12. Realism and flexibility-entrepreneurs cannot be rigid when seeking solutions to problems (a=1, b=2, c=3, d=4)
  13. Need for status-entrepreneurs are willing to forgo recognition (a=4, b=3, c=2, d=1)
  14. Self-confidence-an obvious necessity (a=4, b=3, c=2, d=1)
  15. Conceptual ability (a=4, b=3, c=2, d=1)
  16. Energy level-it must be high (a=4, b=3, c=2, d=1)
  17. Emotional stability- the more stable the better (a=1, b=2, c=3, d=4)
  18. Attraction to challenge, opportunity-otherwise, why start a business of your own? (a=4, b=3, c=2, d=1)
  19. Need for achievement-as opposed to status (a=4, b=3, c=2, d=1)
  20. Objective approach to interpersonal relationships-entrepreneurs often have to look on people as means to an end (a=4, b=3, c=2, d=1)
  21. Studies show that most successful entrepreneurs are in the 30-45 age bracket, and that the best are the 35-40 group (a=2, b=4, c=3, d=1)
  22. The more business experience the better (a=1, b=2, c=3, d=4)
  23. A management position in a successful company is the best experience to prepare you to succeed as an entrepreneur (a=4, b=3, c=1)
  24. The healthier you are the more you will be able to handle the stress and long hours that come with entrepreneurship (a=4, b=3, c=2, d=1)
  25. Energy level-it must be high (a=1, b=2, c=3, d=4)

WHAT YOUR SCORE MEANS

94-100 What are you waiting for?

  • You possess most, if not all, of the key personality and behavioral traits of the entrepreneur. You have the best chance to succeed.
  • 85-93 A good bet

  • You possess most of the characteristics of an entrepreneur. If your score on the last five questions was 23 or above, your behavioral attitudes could compensate for any personality traits you are lacking.
  • 75-84 Risky business

  • You possess some entrepreneurial traits but probably not to the degree necessary to buck the daunting odds and be successful. If your score on the last five questions was 22 or below, the risk is even greater. Remember: Entrepreneurs are not attracted to risk, they are attracted to challenge and opportunities. keep working for someone else-you may be premature in your desire to be an entrepreneur.
  • Below 75 Stay right where you are

  • You possess an insufficient number and degree of those personality traits and behavioral patterns common to entrepreneurs.