YoungBiz UK Educator Section YoungBiz UK Student Section YoungBiz UK Business Section YoungBiz UK Online Catalogue 
YoungBiz - Linking the Classroom to the Real World!
Homepage  >>  Students Section  >>  Quizzes — Opportunity: Do You Recognise It?

Find more useful information like this when you sign up for a membership in the YoungBiz Teen Club.

Rate Yourself Quizzes:

Opportunity: Do You Recognise It?

Knowing how to recognize opportunity is a vital skill for success as a young entrepreneur. How well-prepared are you to spot business opportunities?

The 12 statements below describe the marks of an entrepreneur who is always alert for opportunity. Read each statement and rate yourself with a number between 1 and 4 that tells how closely it is true for you. Then total your points to see how well-prepared you are to zero-in on the opportunities around you.

Rate Yourself!
1 = almost never true
2 = Sometimes true
3 = Usually true
4 = Almost always true
1.

I have assessed my entrepreneurial abilities and skills and I am able to recognise whether a business opportunity fits my particular interests, skills and abilities.

 1 2 3 4
2.

I make it a habit to look carefully at my surroundings to see if I have access to equipment, tools, facilities, raw materials, or other assets that can be used in business.

1 2 3 4
3.

When people around me talk about wishing something could be of better quality or more convenient, I listen to see if this is a possible business opportunity.

 1 2 3 4
4.

When I notice that a particular type of service is missing from my community, I look more closely to see if this unmet need is a business opportunity.

 1 2 3 4
5.

I have learned ways to research a business opportunity to see if the size of market is large enough to provide a steady stream of income at the prices I want to charge.

 1 2 3 4
6.

I am always on the lookout for niche markets where I can target my sales to particular groups of customers that are readily accessible.

 1 2 3 4
7.

I am alert to new product ideas that would benefit potential customers and give me a competitive edge in the marketplace.

 1 2 3 4
8.

When I need funding for my business, I carefully calculate the amount I need and look for a variety of possible financial resources.

 1 2 3 4
9.

I am able to explain my business plans to a potential lender or investor and show exactly why I need a particular amount of start-up money.

 1 2 3 4
10.

I carefully cultivate my network of family, friends and business associates so that my business has the opportunity to benefit from their support, advice and referrals.

1 2 3 4
11.

When I see a business opportunity, I carefully evaluate that opportunity to see if it is right for me at this particular time.

1 2 3 4
12.

I have a family member or business mentor who helps
me think through new ideas and assess whether an opportunity is a good fit for my skills, abilities and resources.

 1 2 3 4
   
Total Score:
YoungBizUK.co.uk All Rights Reserved  |  Terms Of Use

YoungBiz United States  YoungBiz South Africa  YoungBiz Indonesia

DHTML Menu by OpenCube