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Are you ready to leap into solopreneurship and build your lifestyle business?

Take my free quiz below to find out!

Score each of the following statements on a scale of 1 to 5. A score of 5 means you "strongly agree" with the statement, while a score of 1 means you "strongly disagree" with the statement.

Strongly disagree
Disagree
Neutral
Agree
Strongly agree

Solopreneur Readiness Quiz

Score the following statements on a scale of 1-5:

I have a clear vision for the business I want to build
I can picture where my business will be in 10 years
I know what I must do to make my business vision come true
I know my mission and the positive change I want to make in people’s lives with what I will offer
I know precisely what problem my business solutions will solve
I can clearly and succinctly state the value proposition of my solution
I have a focused and detailed description of my ideal customer (i.e., my niche)
I’ve talked with several people who fit my ideal customer profile to understand their problems, wants, and needs
I’m prepared to quit my 9-5 job and go out on my own
I have saved money and created a financial cushion that can support me for 6-12 months
I have a budget to manage my expenses, cover my benefits (e.g., health insurance), and control my monthly “burn rate” until I’m profitable
I have a backup plan that I can quickly put into motion if my business fails
I’m comfortable working alone and managing my schedule and productivity
I have a place where I can work and focus every day
I know exactly what the product or service is that I want to offer
I have already prepared my products or services to provide to customers
I know how to price my products or services
I have created a solid business plan
I have created a detailed business model that ensures profitable success
I have identified potential sources of revenue to diversify my income
I have documented my expected business expenses and the cost of delivering my goods and services
I have a marketing and sales plan ready to go
I have created a plan to reach my ideal customer through various channels
I have a “good enough” name for my business to get started
I have a basic brand identity ready for my business (e.g., brand attributes, tagline, good-enough logo)
My business name and product name seem to be available for trademark registration
I have secured the domain name for my business
I have social media accounts to help market my business
I have a functional website designed and built for my business
I’ve identified potential business resources, services, partners, suppliers, etc.
I have determined the appropriate formation for my business (e.g., LLC, corporation, sole proprietorship, partnership, co-op).
I have my business systems, services, and tools up and running
I’ve identified vendors, specialists, and consultants who can help me with my business (e.g., lawyer, accountant, advisors, virtual assistant)
Potential customers can easily find me and communicate with me
I understand the competitive landscape and have identified my potential competitors
I know exactly how to differentiate my business from competitors and close a sale successfully
I could sell my product or service to a potential customer this week
I’ve already started selling my products or services
I have a supportive community of friends, family members, and business peers
I have business advisors I can turn to for help and advice

Total Score:

Add your scores for the 40 statements and divide by 2 (round up to the nearest whole number). Here's how to interpret your total score:

80-100

Congrats! You have a pretty clear idea of what you want your business to be and the problems you will solve for customers, and you seem ready to go.

60-79

You have some ideas for what you want to do with your business and how to run it, but you need to do more research and define things clearly before moving ahead. Check out my newsletter for advice and exercises to help you define and grow your business.

40-59

Your business ideas and plans are a bit fuzzy in different areas, so use the quiz statements as a framework for investigating the details and preparing more. It might help to schedule a complimentary call with me to discuss your plans.

20-39

Most details are missing for what you will need to plan and launch your new business. No worries! Now you have some homework to do. Let's talk so I can help you develop a strategy to define your solopreneurial plan.

I frequently see scores in the 60s when people take this quiz, so don’t be surprised if your score is lower than you hoped. But you can take control of things and make a change! There’s no need to feel stuck. Reach out if you want to talk with me about it.

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I’m Larry Cornett, a Freedom Coach who works with ambitious professionals to help them reclaim their power, become invincible, and create new opportunities for their work and lives. Do more of what you love and less of what you hate!

📕 Check out my new Invincible Solopreneurs Daily Journal!

Taking a quiz — Photo by Nguyen Dang Hoang Nhu on Unsplash

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