Test: Do You Think Like an Entrepreneur?

Before you start a business, it pays to look inward. Are you wired for entrepreneurship? Ask yourself these 20 key questions based on science-backed insights and practical tips from the SBA.

Are You Ready to Start Your Business?

Free Business Plans

Human head with colorful brain building blocks. — Find out if you’ve got the mindset for success.

What Personality Traits Define Successful Entrepreneurs?

Starting a business isn’t just about a great idea or having money. According to David McClelland, one of the pioneers in motivational entrepreneurship research, personal traits like the need for achievement and risk tolerance are key predictors of success. The SBA and the U.S. Chamber of Commerce agree: understanding your personal fit is a smart first step before registering your LLC or crafting your business plan.

McClelland’s research highlights five core traits that form the basis of a successful entrepreneur’s personality:

Need for Achievement (nAch)
Internal Locus of Control
Moderate Risk-Taking
Power Motivation (Influence)
Social Affiliation (Networking Initiative)

These traits help shape not just your mindset—but your long-term behavior in high-pressure, uncertain business environments.

10 Business Plan Mistakes You Must Dodge

Business Plan success isn’t just about big ideas—it’s about avoiding the wrong turns. From overhyped projections to weak market research, we break down the 10 biggest pitfalls that trip up founders time and again. Learn how to sidestep the setbacks, and lay the groundwork for long-term small business success.

20 Questions to Ask Yourself Before Starting a Business

This self-check is for first-time founders, freelancers, small business owners, and anyone considering entrepreneurship. Whether you're launching a Shopify store, opening a café, or creating a tech startup, these questions apply to all industries.

Achievement Motivation

Do I set challenging but realistic goals for myself?
Do I actively seek feedback to improve my performance?
Do I get personal satisfaction from solving problems?
Am I willing to work long hours to reach my goals?

Internal Locus of Control

Do I believe I can shape my own success?
Do I take responsibility when things go wrong?
Can I stay motivated even without external rewards?
Am I adaptable in the face of changing situations?

Risk Tolerance

Am I comfortable making decisions with incomplete information?
Can I handle financial uncertainty without panicking?
Do I prefer moderate, calculated risks over playing it safe or going all-in?
Would I invest in my own idea if I were a stranger?

Power and Influence Motivation

Do I enjoy taking the lead on projects or initiatives?
Can I influence others to get behind my vision?
Do I manage conflict well in teams?
Am I comfortable making tough decisions even when unpopular?

Social Affiliation and Networking

Do I actively seek out mentors, advisors, or collaborators?
Can I build trust quickly in new relationships?
Do I know how to leverage my network for business growth?
Do I value partnerships and community support over going it alone?

Plan Your Business

From templates to guidance—everything you need to build your business plan, tailored to your industry and 100% free.

2024’s Best & Worst States for Startups Revealed

Thinking of launching your dream business? Not all states are created equal! Explore the best and worst places to start a business in 2024. From taxes to talent pools, see where opportunity is calling—and where you might want to think twice before diving in.

10 Best Self-Employment Careers for 2025 Growth

Uncover the top ten self-employment careers in the U.S. that offer flexibility, growth, and financial independence. From creative gigs to professional services, find out which paths are booming in 2025 and how you can thrive as your own boss.

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iStock.com/MotionIsland