Home PageStarting A BusinessOur ServicesBusiness SupportContact UsTerms of Use and Legal Disclaimer
 

Thinking of Starting a Business?

OLSA™ Online Screening and Appraisal

Questions that could influence your future!


SECTION A - BEING YOUR OWN BOSS

Having the characteristics and background to launch a successful business

 1. Are you currently

Unemployed
Employed
Self-Employed
Retired
Student
Other
 2. Are you
Married
Single
Divorced
Separated
 3. Do you have dependant children or other dependant family members?
Yes
No
 4. How would you describe your general health?
Poor
Reasonable
Good
Very Good
Excellent
 5. Have you ever been self-employed?
Yes
No
 
 6. Have you ever owned and managed a business?
Yes
No
 
 7. Have you discussed your ideas on starting a business with family/friends?
Yes
No
 
 8. Have you ever had responsibility for any of the following (You can tick more than one box)
Producing Business Plans
Recruitment and Personnel Issues
Managing Budgets
Developing and launching new products or services
Sales & Marketing Activities
Presenting new ideas and initiatives
 
 9. Have you ever had Profit & Loss Responsibilities for a service or product?
Yes
No
 
 10. What best describes your key motivation for starting your own business?
I know family/friends who have been successful in business
I have been made redundant
I want to be rich and successful
I dislike my current job and want a new challenge
I want to be my own boss
 
 11. What best describes your character?
Easily Distracted
Determined up
to a point
Happy to go along
with others
Very determined
 
 Section B - Your Business Proposal
 What is your business proposal and can it work?
 
 12. Are you considering starting a business...
By Yourself
With Family
With Friends You
Know & Trust
With Others
 
 13(a) What nature of business are you considering?
Retail Shop
Manufacturing
Providing a Service
Construction
Building
Restaurant /Café
/Pub etc.
 
Wholesaler
Other
If other, please provide a description
 
 13(b) Do you intend to import/export goods or services?
Yes
No
 
 14. Have you direct working experience of the business activities you are considering investing in?
Yes
No
 
 15. How well do you feel you understand your product/service and its prospective customers?
Not at all
Some knowledge
Good knowledge
Very good knowledge
Excellent understanding
 
 16(a) What Market Research have you conducted or commissioned on your business proposal?
None
Some
Lots
Very Detailed
 
 16(b) If Yes, on the basis of the Market Research, are you
Worried about going ahead
Not Sure
Confident
Very Confident it can work
 
 17(a) Have you prepared or started preparing a business Plan?
Yes
No
 
 17(b) If yes, do you have enough information?
Yes
No
 
 18. Have you prepared or started preparing a cash flow forecast?
Yes
No
 
 19(a) Does your proposal involve obtaining premises?
Yes
No
 
 19(b) If yes, have you researched the market for property in the locality you are considering?
Yes
No
 
 20(a) Have you considered which business structure you should start with - sole-trader, partnership or limited company?
Yes
No
 
 20(b) If Yes, do you feel you understand all the legal and financial implications?
Yes
No
 
 21. Have you sought any independent professional advice on your Business Proposal?
Yes
No
 
 Section C Financing Your Business Proposal
 22. How would you describe your personal financial situation?
Bad
Reasonable
Good
Very Good
Excellent
 
 23. How long have you been with your current bank?
Up to 1 Year
Up to 5 Years
Up to 10 Years
11 Years+
 
 24(a) Do you need to buy opening stock?
Yes
No
 
 24(b) If Yes, have you approached likely suppliers to check for credit facilities?
Yes
No
 
 24(c) If Yes, what was their response?
Credit would
be approved
Unlikely to be granted credit
 
 25(a) Can you finance your new business yourself?
Yes
No
 
 25(b) If No, do you have access to financial support from friends or family?
Yes
No
 
 25(c) If Yes, will that support provide all the financing you need?
Yes
No
 
 25(d) If No, have you researched whom you can approach to invest in your Business Proposal?
Yes
No
 
 26. Have you any assets (owner/occupier) or investments that you could offer as collateral/guarantee to investors/lenders?
Yes
No
 
 27. Have you considered approaching your bank for support?
Yes
No
 
 28. Assuming you cannot obtain any salary or other income from your business during its start up and development, how long can you survive financially?
Up to 3 months
Up to 6 months
Up to 12 months
12 months+
 
 29. Have you ever been refused credit?
Yes
No
 
 Please include any other comment or issues you feel relevant:
 
 Your email address:
 
 Please confirm that you have read our Terms of Use and Legal Disclaimers
 
 



(You must click the disclaimer to submit)

 

© Kensington Business Advisers Ltd 2002