Welcome to The Smith Consulting SBC Assessment

Small Business Readiness Evaluation - A comprehensive assessment to evaluate your readiness for business ownership and identify opportunities for success.

What to Expect

68 comprehensive questions across 8 assessment areas
Personality, risk tolerance, and leadership evaluation
Business knowledge and motivation assessment
Personalized analysis and recommendations
Estimated completion time: 15-20 minutes

Full Name

Email *

How will you like to receive your assessment Results *

Direct Delivery ( Receive your detailed assessment results directly via email within 24 hours.)

Expert consultant delivery ( Schedule a personalized consultation session where an expert will walk you through your results and provide tailored recommendation)

Personality Profile

Assess your core personality traits and behavioral tendencies

Personality Profile Assessment

Rate each statement on a scale of 1-7 based on how accurately it describes you.

Openness

Measures creativity, intellectual curiosity, and openness to new experiences

I enjoy exploring new ideas and approaches to solving problems

Strongly Disagree

Disagree

Somewhat Disagree

Neutral

Somewhat Agree

Agree

Strongly Agree

I am comfortable with ambiguity and uncertain situations

Strongly Disagree

Disagree

Somewhat Disagree

Neutral

Somewhat Agree

Agree

Strongly Agree

I actively seek out creative solutions rather than following established procedures

Strongly Disagree

Disagree

Somewhat Disagree

Neutral

Somewhat Agree

Agree

Strongly Agree

I enjoy learning about industries and markets, I'm unfamiliar with

Strongly Disagree

Disagree

Somewhat Disagree

Neutral

Somewhat Agree

Strongly Agree

I often think about innovative ways to improve existing products or services

Strongly Disagree

Disagree

Somewhat Disagree

Neutral

Somewhat Agree

Agree

Strongly Agree

Conscientiousness

Assesses organization, self-discipline, and goal-directed behavior

I consistently follow through on commitments and deadlines

Strongly Disagree

Disagree

Somewhat Disagree

Neutral

Somewhat Agree

Agree

Strongly Agree

I maintain detailed records and organize my work systematically

Strongly Disagree

Disagree

Somewhat Disagree

Neutral

Somewhat Agree

Agree

Strongly Agree

I prefer to plan thoroughly before taking action

Strongly Disagree

Disagree

Somewhat Disagree

Neutral

Somewhat Agree

Agree

Strongly Agree

I pay close attention to details in my work

Strongly Disagree

Disagree

Somewhat Disagree

Neutral

Somewhat Agree

Agree

Strongly Agree

I can work independently without constant supervision

Strongly Disagree

Disagree

Somewhat Disagree

Neutral

Somewhat Agree

Agree

Strongly Agree

Extraversion

Evaluates sociability, assertiveness, and energy in social situations

I feel energized when networking and meeting new people

Strongly Disagree

Disagree

Somewhat Disagree

Neutral

Somewhat Agree

Agree

Strongly Agree

I am comfortable presenting ideas to groups of people

Strongly Disagree

Disagree

Somewhat Disagree

Neutral

Somewhat Agree

Agree

Strongly Agree

I enjoy leading teams and taking charge of projects

Strongly Disagree

Disagree

Somewhat Disagree

Neutral

Somewhat Agree

Agree

Strongly Agree

I actively seek out social interactions in professional settings

Strongly Disagree

Disagree

Somewhat Disagree

Neutral

Somewhat Agree

Agree

Strongly Agree

I find it easy to build rapport with clients and customers

Strongly Disagree

Disagree

Somewhat Disagree

Neutral

Somewhat Agree

Agree

Strongly Agree

Agreeableness

Measures cooperation, trust, and concern for others

I prioritize maintaining harmony in team relationships

Strongly Disagree

Disagree

Somewhat Disagree

Neutral

Somewhat Agree

Strongly Agree

Agree

I find it difficult to have tough conversations with underperforming employees

Strongly Disagree

Disagree

Somewhat Disagree

Neutral

Somewhat Agree

Agree

Strongly Agree

I often put others' needs before my own business interests

Strongly Disagree

Disagree

Somewhat Disagree

Neutral

Somewhat Agree

Agree

Strongly Agree

Emotional Stability

Assesses emotional resilience and stress management capabilities

I bounce back quickly from setbacks and failures

Strongly Disagree

Disagree

Somewhat Disagree

Neutral

Somewhat Agree

Agree

Strongly Agree

I rarely worry excessively about potential problems

Strongly Disagree

Disagree

Somewhat Disagree

Neutral

Somewhat Agree

Agree

Strongly Agree

I maintain confidence even when facing criticism

Strongly Disagree

Disagree

Somewhat Disagree

Neutral

Somewhat Agree

Agree

Strongly Agree

I can make decisions effectively even when stressed

Strongly Disagree

Disagree

Somewhat Disagree

Neutral

Somewhat Agree

Agree

Strongly Agree

Risk Assessment

Evaluate your risk tolerance and decision-making style

Risk Assessment and Tolerance

Choose the option that best describes your approach to risk and decision-making.

1} When facing a major decision with uncertain outcomes, l:

A) Gather extensive data and analyze all possible scenarios

B) Trust my instincts and move forward quickly

C) Seek advice from multiple experts before deciding

D) Prefer to wait and see how similar situations play out for others

2} My ideal investment approach is:

A) Conservative with guaranteed returns

B) Balanced mix of safe and growth investments

C) Aggressive growth with higher risk/reward potential

D) I prefer not to invest and keep money in savings

3} When starting a new project, I typically:

A) Plan every detail before beginning

B) Start with a basic plan and adapt as I go

C) Jump in and figure it out as problems arise

D) Wait until I have all resources secured before starting

4} If I had to choose between a stable job paying $80K and a business opportunity with potential for $200K but risk of $401<, I would:

A) Definitely choose the stable job

B) Probably choose the stable job

C) Probably choose the business opportunity

D) Definitely choose the business opportunity

5} My approach to financial planning is:

A) I have detailed budgets and emergency funds covering 12+ months

B) I maintain basic budgets and 3-6 months emergency savings

C) I track expenses loosely and have some savings

D) I live paycheck to paycheck with minimal savings

Leadership Style

Understand your management and leadership capabilities

Leadership and Management Style

Rate each statement on a scale of 1-7 based on how frequently you demonstrate these behaviors.

1. I delegate tasks effectively rather than trying to do everything myself

Never

Rarely

Sometimes

Often

Usually

Almost Always

Always

2. I provide clear expectations and feedback to team members

Never

Rarely

Sometimes

Often

Usually

Almost Always

Always

3. I make decisions quickly when time is critical

Never

Rarely

Sometimes

Often

Usually

Almost Always

Always

4. I hold people accountable for their commitments and results

Never

Rarely

Sometimes

Often

Usually

Almost Always

Always

5. I adapt my communication style based on who I'm working with

Never

Rarely

Sometimes

Often

Usually

Almost Always

Always

6. I address performance issues directly and promptly

Never

Rarely

Sometimes

Often

Usually

Almost Always

Always

7. I inspire others to achieve goals beyond what they thought possible

Never

Rarely

Sometimes

Often

Usually

Almost Always

Always

8. I remain objective when making personnel decisions

Never

Rarely

Sometimes

Often

Usually

Almost Always

Always

9. I balance being supportive with maintaining high standards

Never

Rarely

Sometimes

Often

Usually

Almost Always

Always

10. I can make unpopular decisions when they benefit the organization

Never

Rarely

Sometimes

Often

Usually

Almost Always

Always

Leadership Assessment Context

These questions assess your current leadership capabilities and management style. Higher scores indicate stronger leadership potential for business ownership, while lower scores may indicate areas for development before taking on entrepreneurial responsibilities.

Business Acumen

Rate your knowledge across key business areas

Knowledge Areas

Assess your expertise across critical business functions

1. Financial statement analysis (P&L, balance sheet, cash flow)

1 - No Knowledge: "I have no experience or understanding in this area"

2 - Minimal: "I have heard of these concepts but lack practical knowledge"

3 - Basic: "I understand basic concepts but need significant learning"

4 - Moderate: "I have some practical experience and understanding"

5 - Good: "I am comfortable with most aspects of this area"

6 - Advanced: "I have strong knowledge and significant experience"

7 - Expert: "I could teach others and handle complex situations"

2.Marketing and customer acquisition strategies

1 - No Knowledge: "I have no experience or understanding in this area"

2 - Minimal: "I have heard of these concepts but lack practical knowledge"

3 - Basic: "I understand basic concepts but need significant learning"

4 - Moderate: "I have some practical experience and understanding"

5 - Good: "I am comfortable with most aspects of this area"

6 - Advanced: "I have strong knowledge and significant experience"

7 - Expert: "I could teach others and handle complex situations"

3. Operations management and process optimization

1 - No Knowledge: "I have no experience or understanding in this area"

2 - Minimal: "I have heard of these concepts but lack practical knowledge"

3 - Basic: "I understand basic concepts but need significant learning"

4 - Moderate: "I have some practical experience and understanding"

5 - Good: "I am comfortable with most aspects of this area"

6 - Advanced: "I have strong knowledge and significant experience"

7 - Expert: "I could teach others and handle complex situations"

4. Legal requirements for business formation and compliance

1 - No Knowledge: "I have no experience or understanding in this area"

2 - Minimal: "I have heard of these concepts but lack practical knowledge"

3 - Basic: "I understand basic concepts but need significant learning"

4 - Moderate: "I have some practical experience and understanding"

5 - Good: "I am comfortable with most aspects of this area"

6 - Advanced: "I have strong knowledge and significant experience"

7 - Expert: "I could teach others and handle complex situations"

5. Tax planning and business accounting principles

1 - No Knowledge: "I have no experience or understanding in this area"

2 - Minimal: "I have heard of these concepts but lack practical knowledge"

3 - Basic: "I understand basic concepts but need significant learning"

4 - Moderate: "I have some practical experience and understanding"

5 - Good: "I am comfortable with most aspects of this area"

6 - Advanced: "I have strong knowledge and significant experience"

7 - Expert: "I could teach others and handle complex situations"

6. Industry analysis and competitive positioning

1 - No Knowledge: "I have no experience or understanding in this area"

2 - Minimal: "I have heard of these concepts but lack practical knowledge"

3 - Basic: "I understand basic concepts but need significant learning"

4 - Moderate: "I have some practical experience and understanding"

5 - Good: "I am comfortable with most aspects of this area"

6 - Advanced: "I have strong knowledge and significant experience"

7 - Expert: "I could teach others and handle complex situations"

7. Technology systems and digital business tools

1 - No Knowledge: "I have no experience or understanding in this area"

2 - Minimal: "I have heard of these concepts but lack practical knowledge"

3 - Basic: "I understand basic concepts but need significant learning"

4 - Moderate: "I have some practical experience and understanding"

5 - Good: "I am comfortable with most aspects of this area"

6 - Advanced: "I have strong knowledge and significant experience"

7 - Expert: "I could teach others and handle complex situations"

8. Human resources management and employment law

1 - No Knowledge: "I have no experience or understanding in this area"

2 - Minimal: "I have heard of these concepts but lack practical knowledge"

3 - Basic: "I understand basic concepts but need significant learning"

4 - Moderate: "I have some practical experience and understanding"

5 - Good: "I am comfortable with most aspects of this area"

6 - Advanced: "I have strong knowledge and significant experience"

7 - Expert: "I could teach others and handle complex situations"

9. Sales processes and customer relationship management

1 - No Knowledge: "I have no experience or understanding in this area"

2 - Minimal: "I have heard of these concepts but lack practical knowledge"

3 - Basic: "I understand basic concepts but need significant learning"

4 - Moderate: "I have some practical experience and understanding"

5 - Good: "I am comfortable with most aspects of this area"

6 - Advanced: "I have strong knowledge and significant experience"

7 - Expert: "I could teach others and handle complex situations"

10. Strategic planning and business model development

1 - No Knowledge: "I have no experience or understanding in this area"

2 - Minimal: "I have heard of these concepts but lack practical knowledge"

3 - Basic: "I understand basic concepts but need significant learning"

4 - Moderate: "I have some practical experience and understanding"

5 - Good: "I am comfortable with most aspects of this area"

6 - Advanced: "I have strong knowledge and significant experience"

7 - Expert: "I could teach others and handle complex situations"

Current Situation

Provide context about your current circumstances

Professional Background

Your current work situation and experience

Current job title and industry

Years of experience in current field

Annual household income range

Under $50K

$50< - $75K

$75K - $100K

$100K - $150K

Over $150K

Personal Circumstances

Your personal situation and constraints

Available capital for business investment

Family situation (single, married, children, dependents)

Geographic location and willingness to relocate

Business Interests

Explore your business preferences and concerns

Tell us about your business interests, experience, and concerns.

Types of Businesses You're Considering

Franchise opportunity

Starting from scratch

Online/digital business

Product-based business

Service-based business

Existing business acquisition

Partnership with existing business

B2C focused

B2B focused

Select all that apply:

Industries of Interest

Technology/Software

Food & Beverage

Professional Services

Education/Training

Construction/Trades

Healthcare/Wellness

Retail/E-commerce

Real Estate

Manufacturing

Other industry (please specify)

Select up to 3 industries that interest you most:

Previous Entrepreneurial Experience

None

Side business/freelancing

Failed business attempt

Successful small business

Multiple business ventures

Select the option that best describes your experience:

Biggest Concerns About Business Ownership

Financial risk and uncertainty

Managing employees

Regulatory compliance

Technology requirements

Work-life balance

Competition

Marketing and sales

Economic conditions

Select up to 3 of your biggest concerns:

Support System and Resources Assessment

Rate your current level of support and resources in each area that affects business success.

1. Family support for business venture

1 - No Support/Resources: "I have no support or resources in this area"

2 - Very Limited: "I have minimal support or resources"

3 - Limited: "I have some support but it’s quite limited"

4 - Moderate: "I have reasonable support and resources"

5 - Good: "I have solid support and adequate resources"

6 - Very Good: "I have strong support and good resources"

7 - Excellent: "I have exceptional support and abundant resources"

2. Professional network in target industry

1 - No Support/Resources: "I have no support or resources in this area"

2 - Very Limited: "I have minimal support or resources"

3 - Limited: "I have some support but it’s quite limited"

4 - Moderate: "I have reasonable support and resources"

5 - Good: "I have solid support and adequate resources"

6 - Very Good: "I have strong support and good resources"

7 - Excellent: "I have exceptional support and abundant resources"

3 Access to mentors or business advisors

1 - No Support/Resources: "I have no support or resources in this area"

2 - Very Limited: "I have minimal support or resources"

3 - Limited: "I have some support but it’s quite limited"

4 - Moderate: "I have reasonable support and resources"

5 - Good: "I have solid support and adequate resources"

6 - Very Good: "I have strong support and good resources"

7 - Excellent: "I have exceptional support and abundant resources"

4. Financial resources (personal savings, credit, investors)

1 - No Support/Resources: "I have no support or resources in this area"

2 - Very Limited: "I have minimal support or resources"

3 - Limited: "I have some support but it’s quite limited"

4 - Moderate: "I have reasonable support and resources"

5 - Good: "I have solid support and adequate resources"

6 - Very Good: "I have strong support and good resources"

7 - Excellent: "I have exceptional support and abundant resources"

5. Technical skills relevant to business operations

1 - No Support/Resources: "I have no support or resources in this area"

2 - Very Limited: "I have minimal support or resources"

3 - Limited: "I have some support but it’s quite limited"

4 - Moderate: "I have reasonable support and resources"

5 - Good: "I have solid support and adequate resources"

6 - Very Good: "I have strong support and good resources"

7 - Excellent: "I have exceptional support and abundant resources"

6. Time availability for business development

1 - No Support/Resources: "I have no support or resources in this area"

2 - Very Limited: "I have minimal support or resources"

3 - Limited: "I have some support but it’s quite limited"

4 - Moderate: "I have reasonable support and resources"

5 - Good: "I have solid support and adequate resources"

6 - Very Good: "I have strong support and good resources"

7 - Excellent: "I have exceptional support and abundant resources"

7. Emotional resilience and stress management capabilities

1 - No Support/Resources: "I have no support or resources in this area"

2 - Very Limited: "I have minimal support or resources"

3 - Limited: "I have some support but it’s quite limited"

4 - Moderate: "I have reasonable support and resources"

5 - Good: "I have solid support and adequate resources"

6 - Very Good: "I have strong support and good resources"

7 - Excellent: "I have exceptional support and abundant resources"