You have a great idea? Fantastic! But wait.... don't quit your day job just yet.

Good ideas are easy. Having a start-up is hard. Really hard. Sure there are success stories from people who look like they should fail, but those are exceptions. Remember every founder is different, every business is different. There are so many variables that it's impossible to predict who will succeed and who will fail. 

This Quiz is for fun only, designed to provide prospective founders like you with some important questions to consider before you take the plunge. 

Answer these questions and get our assessment of your readiness.

If you score....

20-25: Giddy-up! Things look good. Of course you should always be aware of the potential risks; but your experience, idea, personality and support system suggest you have a better than average chance of succeeding. 

15-19: You're checking lots of the right boxes, but there are some yellow flags you need to be aware of. Maybe you haven't spent enough time on your idea, or you need a team to help you realize your vision, or you don't have the resources to survive while the business develops. Keep working to address the main deficiencies, seek out mentors and proceed with caution.

Under 15: Back to the drawing board. Having a start-up requires more than an idea, it requires a combination of imagination, determination and resources. If you're still determined, great! Think about how to strengthen your concept and your ability to realize your vision.

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* 1. Is your business based on.....

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* 2. Do you have work experience and/or networks in the sector you are launching your business in?

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* 3. Do you have one or more business partners or Co-Founders?

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* 4. Have you ever owned your own business?

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* 5. Do you prefer predictable, focused daily tasks?

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* 6. Are your friends and family supportive of this concept?

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* 7. Would you describe yourself as outgoing?

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* 8. What is your personal financial risk tolerance? Think about how long you can work without getting paid, and how much you can invest in your business.

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* 9. Would you describe yourself as being flexible, willing to be wrong?

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