Lesson 1: The Entrepreneurial Mindset
Worksheet 1.
Created March 2023
Quiz: Exploring the Entrepreneurial Mindset
Instructions: Read each scenario carefully and choose the option that best describes what you would
do in that situation. At the end of the quiz, tally up your score and read the provided explanation
and advice for improvement.
Q1. You receive an invitation to a networking event with business people from your local area.
What would you do?
a. Decline the invitation, feeling uncomfortable in such settings (1 point)
b. Attend but mostly keep to yourself, trying to blend in (2 points)
c. Attend and actively engage in conversations, exchanging business cards (4 points)
d. Attend and try to connect with a few people, but not overly engage (3 points)
Q2. Your business faces a setback, such as a failed product launch. What would you do?
a. Learn from the experience, adapt your approach, and move forward with determination (4 points)
b. Become discouraged and consider quitting, but eventually recover (3 points)
c. Seek support from mentors or colleagues to help you bounce back (2 points)
d. Blame external factors and avoid taking responsibility for the failure (1 point)
Q3. You're leading a team with diverse opinions on how to proceed with a project. What would
you do?
a. Encourage open discussion and collaboration, considering all perspectives before making a
decision (4 points)
b. Make a decision without consulting the team, believing that it's more efficient (2 points)
c. Avoid conflict by attempting to please everyone and compromising on important aspects (1 point)
d. Listen to everyone's input, but ultimately make a decision based on your own judgment and
experience (3 points)
Q4. You encounter a challenging problem in your business that requires a creative solution. What
would you do?
a. Quickly look for the easiest and most obvious solution (1 point)
b. Rely on proven methods and avoid experimenting with new ideas (2 points)
Lesson 1: The Entrepreneurial Mindset
Worksheet 1.
Created March 2023
c. Analyze the problem, brainstorm multiple solutions, and choose the most promising one (4 points)
d. Delegate the problem-solving process to someone else (3 points)
Q5. You're assigned to work on a team project with diverse skill sets. What would you do?
a. Take charge, assign tasks, and delegate responsibilities based on each team member's strengths (4
points)
b. Offer your ideas and collaborate effectively, but avoid taking a leadership role (3 points)
c. Contribute when asked, but generally wait for instructions from others (1 point)
d. Advocate for your own ideas, but remain open to suggestions from teammates (2 points)
Q6. You have the opportunity to form a partnership with another entrepreneur. What would you
do?
a. Cautiously approach the partnership, ensuring that both parties' interests are aligned (4 points)
b. Avoid the partnership, preferring to work independently (1 point)
c. Engage in open and honest communication to establish trust and determine if the partnership is
beneficial (3 points)
d. Agree to the partnership without much consideration, hoping for the best (2 points)
Scoring:
6-12 points: Novice Entrepreneur
13-24 points: Developing Entrepreneur
25-30 points: Accomplished Entrepreneur
Novice Entrepreneur (6-12 points):
Your current entrepreneurial skillset is in its early stages, and there is significant room for growth.
Consider taking courses, reading books, or attending workshops focused on entrepreneurship to
enhance your knowledge and skills. Find a mentor or join a community of like-minded individuals to
learn from and support each other.
Developing Entrepreneur (13-24 points):
You possess some entrepreneurial skills, but there's room for improvement. Continue working on
your personal characteristics, managerial abilities, and interaction skills. Participate in networking
events, seek feedback from peers, and challenge yourself with new projects to gain experience and
enhance your skills.
Lesson 1: The Entrepreneurial Mindset
Worksheet 1.
Created March 2023
Accomplished Entrepreneur (25-30 points):
You have a strong entrepreneurial mindset and possess many of the skills required for success. Keep
refining your skills and pushing your limits, as continuous growth is essential for entrepreneurs.
Consider sharing your knowledge and experiences with others, and don't hesitate to collaborate and
learn from fellow entrepreneurs to stay ahead.
We hope this quiz has given you some insight into your entrepreneurial mindset and areas for
improvement. Remember that entrepreneurship is a continuous learning process, and there's always
room to grow and improve. Keep challenging yourself and seeking new opportunities, and don't be
afraid to learn from your failures and setbacks. Good luck on your entrepreneurial journey!
