WHAT IS YOUR STYLE AS A FUTURE SMALL BUSINESS ENTREPRENEUR? 

Quiz Questions

• 1.
  1. Motivation: I have the drive and energy to succeed.

  • A.
    1 - least like me
  • B.
    2 - rarely like me
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    3 - sometimes like me
  • D.
    4 - often like me
  • E.
    5 - most like me
• 2.
  2. High enthusiasm: I enjoy being involved in new projects. 

  • A.
    1 - least like me
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    2 - rarely like me
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    3 - sometimes like me
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    4 - often like me
  • E.
    5 - most like me
• 3.
  3. Risk-taking: I am willing to take chances. 

  • A.
    1 - least like me
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    2 - rarely like me
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    3 - sometimes like me
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    4 - often like me
  • E.
    5 - most like me
• 4.
  4. Competitiveness: I have a desire to win. 

  • A.
    1 - least like me
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    2 - rarely like me
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    3 - sometimes like me
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    4 - often like me
  • E.
    5 - most like you
• 5.
  5. Perseverance: I don't easily quit a project.

  • A.
    1 - least like me
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    2 - rarely like me
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    3 - sometimes like me
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    4 - often like me
  • E.
    5 - most like me
• 6.
  6. Ideas: I have one or more ideas to start a business. 

  • A.
    1 - least like me
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    2 - rarely like me
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    3 - sometimes like me
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    4 - often like me
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    5 - most like me
• 7.
  7. Organization: I like things to be in order. 

  • A.
    1 - least like me
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    2 - rarely like me
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    3 - sometimes like me
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    4 - often like me
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    5 - most like me
• 8.
  8. Vision: I know clearly where I want to be. 

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    1 - least like me
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    2 - rarely like me
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    3 - sometimes like me
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    4 - often like me
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    5 - most like me
• 9.
  9. Persuasiveness: I have the ability to convince others. 

  • A.
    1 - least like me
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    2 - rarely like me
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    3 - sometimes like me
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    4 - often like me
  • E.
    5 - most like me
• 10.
  10. Emotional quotient: I sense other people's feelings. 

  • A.
    1 - least like me
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    2 - rarely like me
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    3 - sometimes like me
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    4 - often like me
  • E.
    5 - most like me
• 11.
  11. Self-discipline: I stick to a plan or schedule. 

  • A.
    1 - least like me
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    2 - rarely like me
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    3 - sometimes like me
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    4 - often like me
  • E.
    5 - most like me
• 12.
  12. Independence: I like to control my destiny.

  • A.
    1 - least like me
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    2 - rarely like me
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    3 - sometimes like me
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    4 - often like me
  • E.
    5 - most like me
• 13.
  13. Optimism: I carry a positive attitude. 

  • A.
    1 - least like me
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    2 - rarely like me
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    3 - sometimes like me
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    4 - often like me
  • E.
    5 - most like me
• 14.
  14. Freedom: I seek freedom of location, time, and to choose who I work with.

  • A.
    1 - least like me
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    2 - rarely like me
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    3 - sometimes like me
  • D.
    4 - often like me
  • E.
    5 - most like me
• 15.
  15. Growth mindset: I learn from setbacks and mistakes and use them to move forward and upward.

  • A.
    1 - least like me
  • B.
    2 - rarely like me
  • C.
    3 - sometimes like me
  • D.
    4 - often like me
  • E.
    5 - most like me

Quiz Outcomes

• 1.
  You have the style of an Entrepreneur Investor!  

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  You have the style of an Entrepreneur Investor! As an investor, your goal is to make money and minimize risk. Hence, you might find the lifestyle of a startup entrepreneur unappealing but still wish to create an additional safety net with an interest in business as an additional source of income. Here are some key suggestions for your consideration as an entrepreneurial investor: ABSENTEE Versus SEMI-ABSENTEE: You can be successful investing in an absentee or semi-absentee model business while you keep working in your job/career or devote yourself to other priorities. - An absentee model business typically has fewer moving parts, requires around 5 hours of work per week, and relies on some machinery or automatic mechanism like a subscription to produce revenues. A turn-key concept (franchise or business opportunity) that is also an absentee model business will give you the established systems and the structure to evaluate if you gravitate towards business ownership to create more financial security.- A semi-absentee business is usually less than 20 hours weekly and might also be a consideration depending on our objectives, but it will require that you hire a seasoned and trustworthy manager to operate the business day-to-day while you focus on your other priorities. Another option for you could include being a silent funding partner in a business that someone else runs if you trust the partner's abilities and ethics. Consider starting with businesses that are predictable and less time-consuming end of the spectrum.Certainly, you can widen your entrepreneurial interest if that is your wish, although starting with a more hands-off approach while you try out the environment of business ownership might be a good strategy. Anyone who has made up their mind and is willing to step outside of their comfort zone can thrive as an entrepreneur. One way to identify where to focus your efforts in business ownership is to identify your strengths in behavior so that you can capitalize on them with a business that requires them. BOOKING A DISCOVERY AND STRATEGY SESSIONIt is a free service that can set you on the right path. During this coaching session, we will discuss your next steps as an entrepreneur. Click below to reserve a convenient time.Cheers,Patricia Bottero St-Jean, MBAStart-a-Business CoachOPEN FOR BUSINESS LAB Book your FREE call below!
• 2.
  You have the style of an Explorer Entrepreneur

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  Congratulations! You are entrepreneurial in a calculated and pragmatic way. You will explore existing proven markets but crazy new ideas may not be to your liking. Generally, you like to map out your direction in life and in business and optimize the results by minimizing your efforts in getting there.Here are some suggestions for your style as Entrepreneurial Explorer:· If you choose to launch an independent startup, be sure that you start one that capitalizes on your strengths and plans on hiring or outsourcing the rest. Startups often take longer to become profitable and can require greater working capital to ramp up.. Also, vet your idea with your Ideal Customer Avatar (ICA) to make sure you are solving their problem and that they will be willing and able to buy your solution. · Once you identify one or several possible business concepts, you will want to do the due diligence to project how long it will take you to get to the break-even point and profitability so that you can budget startup costs and working capital accordingly.· You may find entrepreneurship desirable and stimulating, but depending on your previous experience, you may wish to first develop new entrepreneurial abilities through training, especially for markets and sectors of industry that are new to you.· If you are determined to explore markets that are unknown to you, you could consider researching turn-key concepts such as proven and established franchises or business opportunities. Here you will get support and training from a franchisor, and your turn-key business becomes your advanced business practice grounds as you navigate the landscape of small to mid-size enterprises (SMEs.) . Once you have flexed your business owner muscles as a franchisee (and learned a lot about franchising), nothing is to stop you in chapter two of your business career from selling your profitable franchise(s) and using the equity built to a new independent startup that you can scale up while even considering becoming a franchisor yourself. · You might also want to investigate the acquisition of existing businesses for sale in a market where you have some knowledge, experience, and even contacts. Here be sure that the business you select has strong and documented systems and that the seller will give you consistent training and support. In general, don't hesitate to spend time uncovering your genius zone, not just in skills but also in talents and behavior, so that you can align yourself with the business that requires them while you hire (or outsource) the rest. This will make your success easier and more predictable. BOOKING A DISCOVERY AND STRATEGY SESSIONIt is a free service that can set you on the right path. During this coaching session, we will discuss your next steps as an entrepreneur. Click below to reserve a convenient time.Cheers,Patricia Bottero St-Jean, MBAStart-a-Business CoachOPEN FOR BUSINESS LAB Book your FREE call below!
• 3.
  You have the style of a Maverick Entrepreneur!

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  You possess very strong entrepreneurial characteristics. You probably find entrepreneurship a very desirable, exciting, and fulfilling way of life. Your appetite for risks and greater challenges might lead you toward creating an independent start-up. To succeed as widely as you can as Entrepreneurial Maverick, here are some suggestions:· Be careful not to fall in love with your own idea and launch it before you demonstrate that its solution solves a problem that a market is willing to pay for. Through my coaching session and courses, we spend significant time learning how to vet an idea before spending considerable money.· If you intend to build an empire as fast as possible, then spend some time exploring what it would mean to develop multiple units of turnkey concepts such as franchises or business opportunities, or even developing an entire region. But be careful there, as you might likely want to be the franchisor and not the franchisee. As long as you are willing to adopt someone else’s systems, procedures, and growth plan, you can be extremely successful in owning a large number of the right turnkey concept for you. Otherwise, consider the other two options of independent businesses, either as a startup or an acquisition. · If becoming a franchisor is more interesting to you than being a franchisee, then focus on building your own independent business by ensuring that it is systemized and profitable enough for potential franchisees to succeed. Again, follow a thoughtful due diligence process in vetting your idea before you even start with a business plan and make sure that its model will be scalable to your vision either via franchising someday or by expanding it organically.· With the right opportunity, turning around an existing business, even one that is not profitable, while acquiring it for cents on the dollar could be very exciting to you and lucrative.As always, to grow your business, develop your leadership skills by spending time identifying your true strengths (in talent and behavior), aligning yourself with a business that requires these strengths, and then consciously hiring (or outsourcing) a team that complements you. Do you agree or disagree? You might have questions, need personalized guidance, or simply want someone to bounce ideas off. I am here to help!I invite you to book a one-on-one strategy call with me, where we can dive deep into your unique situation, answer any questions you may have, and discuss tailored strategies to help you launch and grow your dream business.Schedule your strategy call today and get personalized, expert advice to accelerate your success. Your dream business is just one call away!Let's talk about it!Don't miss this opportunity to gain valuable insights and practical tips tailored specifically for your startup journey. Let's work together to make your business vision a reality.