Lady looking over her plan

Throughout National Small Business Week, we’ve been celebrating the many ways small businesses contribute to their communities and help keep the economy thriving. Is it your turn to join them?

Starting a business is one of the most exhilarating, and frightening, things you can do in a lifetime. The rewards can be abundant — following a lifelong passion, being your own boss, providing a service that’s important to you, improving your customers’ lives and more. Yet the risks can be daunting, too: financial uncertainty, unforeseen challenges and so on.

The risks are important to keep in mind, but they shouldn’t necessarily stop you from pushing ahead with your business idea. To size up your readiness to take the leap into entrepreneurship, there are a number of questions to ask yourself. How strong is your business idea? What do you know about the potential market for it? How would you describe your tolerance for financial unpredictability?

A recent installment of Small Talks shows how one small business owner, Spencer Johnson of Minneapolis-based Sota Clothing, answered some of these questions. Now it’s your turn to answer them in our free quiz below. See if you’re just about ready to take the plunge, or if there are facets of owning a business that may require a little more research first.

Was this useful?
14 0
More on this Topic

Salon owner Shalon White reveals the secrets that helped her turn her passion into a profitable and rewarding career.

Read more

Working with family and friends may sound like fun and games, but things can get complicated quickly. Learn nine ways to run a positive, professional, peaceful business alongside your loved ones.

Read more

Looking for the perfect location for your business? Follow these steps to get a fair deal on the perfect space, and avoid locking your business into a bad agreement.

Read more