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“HORN†In On Franchise / Business Ownership …a monthly post with blurbs, links, and other words-of-wisdom regarding self-employment; career transition; and franchise / business ownership; as well as information for business owners who may be interested in franchising their business. NOVEMBER 2015 ENTREPRENEURSHIP Is Living A Few Years Of Your Life Like Most People Won’t, So That You Can Spend The Rest Of Your Life Like Most People Can’t. -Unknown- Have you ever thought about owning your own business? Do you wonder if you are an "entrepreneur" trapped in a corporate America body? WHAT’S YOUR ENTREPRENEURIAL QUOTIENT (EQ)? TAKE THIS SHORT QUIZ AND FIND OUT! Common characteristics in areas such as family background, childhood experiences, core values, personalities and more turn up time and time again in studies of entrepreneurs. Find out how you fit the mold by determining your Entrepreneurial Quotient, or EQ. The following test is no measure of your future success, but it may show you where you align with successful business owners. Answer the following questions with a “yes†or “no,†and total your score at the end to find out your EQ. YES NO ___ ___ 1. Did your parents immigrate to the United States? ___ ___ 2. Were you a top student in school? ___ ___ 3. Did you enjoy participating in group activities when you were in school, such as clubs, team sports, or double dates? ___ ___ 4. Did you prefer to be alone as a youngster? ___ ___ 5. Did you run for a school office or initiate enterprises, such as a lemonade stand, a family newspaper, or greeting card sales? ___ ___ 6. Were you a stubborn child? ___ ___ 7. Were you cautious as a youngster? ___ ___ 8. Were you daring or adventurous as a child? ___ ___ 9. Do the opinions of others matter a lot to you? ___ ___ 10. Would changing your daily routine be an important motivator for starting your own enterprise? ___ ___ 11. You might really enjoy work, but are you willing to work overnight? ___ ___ 12. Are you willing to work as long as it takes with little or no sleep to finish a job? ___ ___ 13. When you complete a project successfully, do you immediately start another? ___ ___ 14. Are you willing to commit your savings to start your own business? ___ ___ 15. Would you be willing to borrow from others? ___ ___ 16. If your business should fail, would you immediately work on starting another? ___ ___ 17. Or would you immediately start looking for a job with regular paycheck? ___ ___ 18. Do you believe being an entrepreneur is risky? ___ ___ 19. Do you put your long and short-term goals in writing? ___ ___ 20. Do you believe you have the ability to deal with cash flow in a professional manner? ___ ___ 21. Are you easily bored? ___ ___ 22. Are you an optimist? ___ ___ 23. Are you a Texas Longhorn? How to score the quiz is below the following three (3) paragraphs... Every year, thousands of people dream of owning a business and are drawn to the independence, flexibility and freedom of being self-employed. The job market as we have known it continues to change, so people are retooling their vision of how they will make a living in the years to come. This is driving people of all ages and career types to pursue self-employment options, including small business ownership as the “new†career of choice. Today, creating your own job has become the new path to job security. Do you have an entrepreneurial spirit? Are you thinking about exploring your self-employment... business / franchise ownership dream? If so, contact me. There is no obligation and there is never a cost for my service. You have nothing to lose, except perhaps "that opportunity" that is just for you. Would this scenario be of interest and value to you…a process where you receive assistance to help you better identify your goals, financial requirements, lifestyle needs and what you would like for your work-life to look like; then provided information on self-employment options and guidance on exploring these opportunities within the confines of a safe and no-obligation environment? Remember, a window of opportunity won’t open itself… HOW RESULTS ARE CALCULATED 1. If yes, score one point; if no, subtract one. Significantly high numbers of entrepreneurs are children of first generation Americans. 2. If yes, subtract four points; if no, add four. Successful entrepreneurs are not, as a rule, top achievers in school. 3. If yes, subtract one point; if no, add one. Entrepreneurs are not especially enthusiastic about participating in group activities in school. 4. If yes, add one point; if no subtract one. Studies of entrepreneurs show that, as youngsters, they often preferred to be alone. 5. If yes, add two points; if no, subtract two. Enterprise usually can be traced to an early age. 6. If yes, add one point; if no, subtract one. Stubbornness as a child seems to translate into a determination to do things your own way–a hallmark of successful entrepreneurs. 7. If yes, subtract four points; if no, add four. Caution may involve an unwillingness to take risks, a handicap for those embarking on previously uncharted territory. However, this should not affect our future as a franchisee since in most cases the franchiser has assumed most of the start-up risks. 8. If yes, add four points. 9. If yes, subtract one point; if no, add one. Entrepreneurs often have the faith to pursue different paths despite other’s opinions. 10. If yes, add two points; if no, subtract two. Being tired of daily routine often precipitates an entrepreneur’s decision to start an enterprise. 11. If yes, add two; if no, subtract six. 12. If yes, add four points. 13. If yes, add two points; if no, subtract two. Entrepreneurs generally enjoy their work so much, they move from one project to another nonstop. 14. If yes, add two points; if no, subtract two. Successful entrepreneurs are willing to use their savings to finance a project. 15. If yes, add two points; if no, subtract two. 16. If yes, add four points; if no, subtract four. 17. If yes, subtract one point. 18. If yes, subtract two points; if no, add two. 19. If yes, add one point; if no, subtract one. Many entrepreneurs make a habit of putting their goals in writing. 20. If yes, add two points; if no, subtract two. Handling cash flow properly is critical to entrepreneurial success. 21. If yes, add two points; if no, subtract two. Entrepreneurial personalities generally seem to be easily bored. 22. If yes, add two points; if no, subtract two. Optimism can fuel the drive to press for success in uncharted waters. 23. If yes, add ten points; if no, subtract twenty. Just kidding, #23 isn't really a part of the quiz. But, thanks for reading this far. Small / medium size business owners: Would you like to grow your business by franchising. Don't Just Change Your Curtains... Change Your View. I Did. My Story Franchise Opportunity Knocks Self-employment Beckons Start answering the call right here. News you can use to help you find The right franchise / business opportunity for you. October Newsletter is available for viewing by clicking on the link below: FranchiseQuestLibrary October 2015.pdf Featured Concepts...Franchises; and Business Opportunities Note: This month's newsletter; 2015 newsletters; as well as copies of 2014 newsletters can be viewed by going to the Franchise Quest Website. Click on the Website link below, or go to: www.franchise-quest.com. Resource Center> Newsletter Subscribe to Newsletter...Submit Subscription Form $1,000 Referral Bonus $1,000 Additional Information Is Available at Franchise Quest If you would like to visit, please don’t be shy about reaching out… I’m a coach, not a sales person. Hook 'em. Larry S. Powell Franchise Quest 210-479-2491 Outside San Antonio: 888-479-2491 franchisequest@sbcglobal.net Skype: franchisequest