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Sage: Business Readiness Quiz Helps Budding Entrepreneurs Get Started

Sage, one of the UK’s leading accounting software providers, have launched a new quiz to help Britain’s next generation of would-be-entrepreneurs establish whether they are ready to launch a new business.

The online test generates a personalised ‘readiness rating’ for future founders coupled with curated expert advice, inspiration and free resources targeting the ‘gaps’ in their knowledge across three core areas:

  • Financial Readiness: If you’ve secured or set aside funding for your new biz (and how)

  • Admin Readiness: How you manage your time, processes and general admin

  • Mindset Readiness: How confident are you in yourself, your idea and your support network

It comes following new nationwide research conducted by Sage on small business owners and ‘dreamers’ (those yet to launch) to understand the motivations, challenges and biggest barriers when starting a new venture. 
Key insights from the research include:

  • 27% of small business owners claim that a lack of self-belief delayed or stopped them from taking the plunge initially

  • 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

This quiz has been designed to help budding entrepreneurs quickly identify where they are at in their journey to going it alone and what they need to focus on.

Take the quiz and find out your own ‘readiness rating’ as well as some helpful resources.

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John O'Donnell
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