Entrepreneurial Readiness

I've been thinking about entrepreneurial readiness. What does being "ready" mean. Does it mean you're about to jump like when you're all packed and "ready" to go on a trip and you just have to wait for the cab to take you to the airport. Or does it mean you're "ready" like a car and all somebody has to do is come and start the motor?

A website I found lists five indicators of entrepreneurial "readiness." These indicators are allegedly based on 20 years of research studies and are said to predict "entrepreneurial effectiveness." I guess if a person scores high on these five indicators they're ready to start a business.

The five indicators are:

>Mind-set.
>Dealing with others.
>Business orientation.
>Self-management.
>Life and work orientation.

The website is www.qualifying.org and is run by something called Leadership Performance Systems Inc. They have a report you can buy and you can take a test for $14.95.

This warrants further checking out. For example what is meant by "entrepreneurial readiness" and what is meant by the term "entrepreneurial effectiveness?" Perhaps these are spelled out in the report you have to buy. I hate having to buy a report to find out something.

This approach deals with human capital only. It doesn't deal at all with financial capital or with social capital. In fairness there is an argument to be made that these five behavioral dimensions may be related to financial capital and social capital. And to me a better outcome measure has to do with finally starting and growing a successful business. I'd also have to see what these 20 years of research studies.

This scale has some face validity but it seems only to go part way to the end of the trip.

Entrepreneurship is the life's blood of all my professional activities. It makes them go. And go read my mystery for free at wwww.kearneymusicschoolmurders.blogspot.com or buy it from Amazon.com more cheaply than you can print it out.