1. Have you the confidence to be a leader and self-starter and do you understand how this will impact on you? Remember leaders are the one's leading the way and if you own a small business it will either be successful or not depending on the decisions you alone will make.
2. Do you know if other people would consider you a leader? If you employed other people would they take orders from you and accept that you are the boss. Respect as a leader is hard to achieve, but a valuable asset in a business
3. Would you invest a significant portion of your savings or raise money on your assets to get your business started? Risking your personal assets has to be seen by other people (the banks, partners) as confirmation of your willingness and confidence in your own ability.
4. Do you have enough confidence in yourself and in your abilities to sustain yourself in business, if or when things get tough? Again talking about running a business is totally different from actually being faced with everyday decisions that all small business owners have to contend with.
5. Deep in your heart, are you comfortable with making your own decisions? Have ever had to decide that a particular job, or project is urgent and you are the one that could cause it to fail simply by making the wrong choice?
6. Are you prepared, if needed, to temporarily lower your standard of living until your business is firmly established? Most business owners at some stage in their growth have risked their financial future by using their assets as collateral for their business.
7. Do others around you ask for your help in making decisions? Are you some kind of agony aunt or uncle on every subject under the sun? If you are then this would be ideal for helping you become your own boss.
8. Are you willing to commit long hours to make your business work? Nothing worthwhile is usually gained without some kind of sacrifice and building your own business will certainly test you on this.
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