5 Step Venture eMentoring Program™
Module 4b: Reasons to start your own business
Why do you want to establish your own business operation rather than prepare for and/or find employment for wage or salary?
Starting and operating your own business, even if it is a part-time venture, is risky. You can not only waste your time engaged in an unprofitable operation, you can risk the resources you invest in the activity and may risk other assets as well. You will need to be able to write a convincing reply to this question. In Step 1, you compared yourself against listings of entrepreneurial aptitudes and characteristics, and looked at lists of reasons why people fail in their own business. Now, go back and review your responses. Compare your score with the averages. Remember, if you scored above 120, you indicated a reasonable aptitude for having your own business. If you scored below 120, you should carefully re-evaluate your reasons and comparative skills. It may simply indicate that you would benefit from additional training. Discuss this with your counselor or mentor.
If you've completed Step 1: Self-Assessment during this session, the following fields will be populated with your scores. If you've completed Step 1 at another time, you should have an email record of the results. Otherwise, please go to Step 1 and complete the 5 exercises.