This document contains a 25 question self-assessment for determining if someone has the necessary traits and preparation to successfully start and run their own small or medium sized business (MSME). The questions gauge traits like leadership ability, risk tolerance, self-discipline, ability to work long hours, and whether the individual possesses basic business skills or is willing to acquire them. Taking the self-assessment can help potential entrepreneurs identify if they have the right mindset and resources for starting an MSME.

1. HOW TO SET UP
MSME’s
JULY17 -19, 2020
Dr Chitra prakash
drchitraprakash@yahoo.com
9843144975

4. Are you a

5. Are you a

13. 1. Are you a leader?
Yes No
2. Do you like to do things your own way?
Yes No
3. Do others turn to you for help in making
decisions?
Yes No
4. Do you enjoy competition?
Yes No
5. Do you have persistence and self-discipline?
Yes No
6. Do you plan ahead?
Yes No

14. 7. Do you tend to get along with people?
Yes No
8. Do you consider yourself a risk taker?
Yes No
9. Are you motivated by the independence of
being
your own boss?
Yes No
10. Do you examine mistakes and learn from
them?
Yes No
11. Do you like to be in control?
Yes No

15. 13. Do you enjoy experimenting with new and different ideas?
Yes No
14. Do you see problems as challenges?
Yes No
15. Are you likely to gamble on a good idea even if it isn’t a
sure
thing?
Yes No
16. Are you aware that running your own business may require
working 12-16 hours a day, six days a week, and maybe
even
Sundays and holidays?
Yes No
17. Do you have the physical and emotional strength to handle
the
workload and schedule?
Yes No
18. Are you prepared, if needed, to temporarily lower your

16. 19. Is your family prepared to go along with the strains they too may
bear?
Yes No
20. Are you prepared to use your savings if necessary?
Yes No
21. Do you know what basic skills you will need to have a successful
business?
Yes No
22. Do you possess the basic skills needed for a successful
business??
Yes No
23. Have you ever worked in a business similar to the one you want to
start?
Yes No
24. Have you had any business training in school/college/private ?
Yes No
25. If you discover you don’t have the basic skills needed for your
business,
are you willing to delay your plans until you’ve acquired the
necessary