08 June 2021

A new interactive diagnostic quiz from Sage, the business cloud accounting provider, generates a personalised ‘readiness rating’ for entrepreneurs and future founders, coupled with curated expert advice, inspiration and free resources targeting the ‘gaps’ in their knowledge across three core areas: finance, admin and mindset.

The quiz was designed to help budding entrepreneurs, after research from Sage discovered that:

  • 27% of small biz owners claim that a lack of self-belief delayed or stopped them from taking the plunge initially
  • While a staggering 48% of dreamers are hindered by a lack of confidence in themselves
  • Nearly a quarter (23%) of dreamers are concerned about getting to grips with compliance
  • But only 11% of business owners identify this as an actual issue in practice

As 52% of UK adults dream of starting their own business, this tool helps to provide a starting point and allow those aspiring business entrepreneurs to find the help they need.

Indeed, so far, the results have shown that 37% of respondents from the South West received a ‘Ready and Set’ business rating, which means they have their funding and business know-how in order, and have the mindset needed to be their own boss.

Simply answer a few business-related questions to generate your own Readiness Rating as well as advice, inspiration from top entrepreneurs, and free resources to help along the way.

The interactive diagnostic quiz explores:

  • How financially prepared you are to start a business
  • How prepared your business plan currently is
  • How well you deal with time management and essential administrative tasks
  • How mentally ready you are to build a successful business

The quiz can be taken here to find out your own ‘business readiness rating’ along with the free resources to help you on your business journey.

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