X
Forgot Password
Sign Up

Blog

Should You Be Your Own Boss? Take Our Quiz To Decide!

Posted on December 21, 2014   by FlexiPort Team  
Be your own boss

At some point of time, most people toy with the idea of working for themselves. Earning a stable income every month and going to an established office to work is satisfying in some ways. But after a point, many people feel like as though they would benefit more if they spent all their time and energy in doing work for themselves rather than being paid to do it for someone else. If you are at this crossroad and can’t decide for yourself, maybe this 10 question quiz will help.

  1. Do you look forward to going to work?
    •  Yes, absolutely
    • Not Really
    • I have to force myself
  2. Do you feel satisfied with the kind of work you do, at the end of every day?
    1. Yes, absolutely
    2. Not Really
    3. There is a lot more in other fields that I want to do
  3. Do you think you can earn better if you set-up your own entity?
    1. Yes, absolutely – I will be my own boss and will be motivated
    2. Not Really
    3. Over time, yes
  4. Do you have ‘business’ acumen?
    1. Yes, I come from a business background
    2. Not at all
    3. I can always learn on the job
  5. Do you have a proper business plan / service offering or product in place?
    1. Yes
    2. I have an idea, it needs to be put in place properly
    3. No
  6. Are you a confident risk taker?
    1. Yes I can take risks
    2. I hate risks
    3. No
  7. Is your family solely dependent on your income only?
    1. Yes
    2. No
    3. We have investments
  8. Are you in a position to take a loan for your business, if needed?
    1. Yes we have good credit rating
    2. No, I have other running loans
    3. Will have to check with a CA
  9. Have you got the relevant experience to run a business?
    1. Yes
    2. No
    3. I need to learn more
  10. Do you have any other external monetary or non-monetary support?
    1. Yes
    2. No
    3. I will need to search

Scoring: 

A – 4 points

B – 2 points

C – 1 point

Score between 30-40

You can think of starting a business and working for yourself because the basics are in place. Take some professional guidance, speak to a corporate lawyer or Chartered Accountant and put things in perspective before starting out. Sign up on FlexiPort to start your freelance career.

Score between 20-30

You need more time to plan and set-up a proper business idea. Speak to professionals for timelines and ideas. Do not start a business or work for yourself unless you have sufficient savings, investments, a place to host your business.

Score between 15-20

You need to invest more time into creating a structured plan of action and business idea.

Comments



Reach Us

101, Antariksh, Makwana Road, Marol, Andheri East, Mumbai - 400059

phone+91 9322100001 / +91 8850854944 / +91 9328257355

Connect