This will help you to determine your next and necessary steps depending on your involvement in the business.

Day-Dreamer

You plan and plan, but find it more enjoyable to dream about what your business could be. You’re not quite sure what you need to know, but you definitely don’t like sticking your neck out without more information and a plan.

Potential Risk: None

Financial Investment: None

Potential Reward: None

Hobbyist

You dabble on the weekends and when you get requests from friends. You’re not wanting to put more than a couple of hours in a month. It provides some play money, but you’re not ready to leave your job and take the plunge.

Potential Risk: Low

Financial Investment: Low – Depending on Project. If you’re into tech, this can get costly.

Potential Reward: Low – Spending Money

Side Hustler

Every ounce of free time outside of your 9-5, you’re working on your business idea. You’re putting in 10-40 hours a week on this and love what you’re doing. It’s only a matter of time before you take it to the next level and do it full time.

Potential Risk: Mid-Level, Depending on Industry and Project

Financial Investment: More than Hobbyist, but Not as High as the All-In Entrepreneur. You may invest your revenue back in your business

Potential Reward: Mid-Level, Could Provide Financial Security and Additional Lifestyle Options

All-In Entrepreneur

You have taken the courageous step into self-employment and walked away from your corporate security blanket. You are ready to give this everything you’ve got to make it successful. This is your dream and you know you can build an amazing company.

Potential Risk: High

Financial Investment: High

Potential Reward: High

Which Kind of Business Owner Are You? ______________________________________________

Which Kind of Business Owner Do You Want to Be? ______________________________________________