Are You Cut Out to be an Entrepreneur? Take This Test

Last Updated Feb 18, 2010 8:49 AM EST

Although it is easy to glamorize the life of the entrepreneur -- make your own hours, be your own boss -- anyone who has tried it will tell you that starting your own business is one of the hardest things you can do.

Are you cut out for that life? This simple test may tell you all you need to know.

Developed by Babson College professor Daniel Isenberg, this 20-question quiz on takes just a few minutes to complete. Here is a sample:

  1. I get an adrenaline rush from selling things.
  2. I have friends who run their own businesses.
  3. I don't like being told what to do by people who are less capable than I am.
  4. People get excited by my ideas.
  5. I always look for new and better ways to do things.
Speaking of motivation, don't expect entrepreneurship to be your path toward untold riches, Isenberg warns.
"All else being equal (and all else is rarely equal in the real world), on the average, people who set up their own businesses don't make more money, although a few do succeed in grabbing the brass ring. But the 'psychic benefits' -- the challenge, autonomy, recognition, excitement, and creativity -- make it all worthwhile.
Take the test and come back here to tell us your next steps for opening your own business.
  • Sean Silverthorne

    Sean Silverthorne is the editor of HBS Working Knowledge, which provides a first look at the research and ideas of Harvard Business School faculty. Working Knowledge, which won a Webby award in 2007, currently records 4 million unique visitors a year. He has been with HBS since 2001.

    Silverthorne has 28 years experience in print and online journalism. Before arriving at HBS, he was a senior editor at CNET and executive editor of ZDNET News. While at At Ziff-Davis, Silverthorne also worked on the daily technology TV show The Site, and was a senior editor at PC Week Inside, which chronicled the business of the technology industry. He has held several reporting and editing roles on a variety of newspapers, and was Investor Business Daily's first journalist based in Silicon Valley.