Unfortunately, high hopes and large amounts of time, energy and commitment — valuable though they may be — do not ensure the success of an entrepreneurial venture. In fact, research indicates that about 60 percent of all businesses fail within the first two years. Much depends on the individual’s “entrepreneurial profile,” and one of the best ways to discover this is by doing a self-assessment.
Over the years, working with some 4,000 Virtual Assistants and Virtual Professionals in 65+ countries and being entrepreneurs ourselves, we’ve developed a good practical sense of the traits that successful entrepreneurs share. We used this background in designing the application process for our Portable Career & Virtual Assistant Training Program for Military Spouses, and it has helped substantially in identifying candidates with the greatest likelihood of success both in training and afterward, as they launch and grow their virtual businesses.
The following Entrepreneurial Self-Assessment is adapted from the online application form for our Virtual Assistant training program. This series of 13 questions is one of the tools we use to...