Factors Paper in
MBA Standard Program
Factors Paper: Entrepreneurial Self-Assessment
Am I ready to become an Entrepreneur? Do I have what it takes to become a successful entrepreneur..?
These are some of the questions which boggle my mind as I take this class. One thing is for sure, I have
to find out. But then, again.. How?
To initially assess myself, I decided to take an Entrepreneurial Assessment from the Internet. I found
www.bdc.ca and took my first ever Entrep Test. Hungry for more proofs, and not to call it luck, I
searched for more sites, and took more test from www.mvp.cfee.org, and www.forbes.com. Below are
How to interpret your results?
Your results are displayed with blue horizontal bands. A red
vertical band shows the mean score of entrepreneurs.
If the horizontal range of your results does not exceed the vertical
range, it means that your results for this dimension are below the
average obtained by entrepreneurs.
If the horizontal range exceeds the vertical range, your results are
Motivation factors determine behaviour. They are the underlying reasons that induce someone to act.
Need for achievement / success
Power / control appeal
Need for challenges / ambition
Self-sufficiency / freedom
Aptitudes are natural inclinations, competencies, abilities. Certain aptitudes predispose someone to be
Perseverance / Determination
Self-confidence / Enthusiasm
Tolerance towards ambiguity / Resistance to stress
Creativity / Imagination
Attitudes are made up of perceptions, our feelings about something. They are judgements we make,
ways we look at things.
Perception to act upon one's destiny
This questionnaire was prepared on the basis or research and observations of the characteristics of
Canadian entrepreneurs in all industry sectors. On average, entrepreneurs tend to obtain overall results
that are higher than those of the general population, and this for all characteristics. Granted, the mere
fact of obtaining – or failing to obtain – results in line with those of entrepreneurs is not enough to
indicate your potential as an entrepreneur. Many other factors come into play, including your personal
circumstances, your milieu, your experience, timing, etc. What these results will do, however, is allow
you to compare your answers to those of a group of entrepreneurs, and to note where they are the
same and where they are different.
Your score is 32.
You already share many key attributes of entrepreneurs. If you have not yet decided to become an
entrepreneur, you should give it serious consideration.
Your score is 26.
You probably share similar skill levels with most successful entrepreneurs. (But you can always
Kauffman FastTrac® Entrepreneurial Characteristics Survey
Score: 40 to 51
You ARE an entrepreneur. With proper planning and consideration, you are driven and rewarded by
innovation and problem solving. You, too, should document a personal vision. And, don't do it alone.
Surround yourself with others—mentors, advisors, peers, associates, investors—who buy into your
vision and will serve as a sounding board and support mechanism to help you ensure long-term success
for the company you create.
After taking the online Entrepreneur Assessments, I had a sigh of relief and was glad to know that I have
what it takes, the aptitude and attitude, to be an Entrepreneur! Not only that, the sites tells me that I
share similar key attributes and skill levels with most successful entrepreneurs – and that I should give it
a serious consideration! That’s good news!
Honestly, I took this class for two main reasons: 1) to learn the science of Entrepreneurship (business,
how to set it, and how to efficiently and effectively manage it) and 2) to share knowledge and give
guidance to kinsfolks, friends and people who needs guidance in their business ventures (especially that
they don’t have the luxury of time or money to enroll in such Entrep study programs).
Lastly, I know that this assessment is just the first step, but I am excited to learn more from the class and
gear towards becoming a successful Entrepreneur!