What Type Of Business Are You Suited To?

5 Questions | By James38 | Last updated: Mar 21, 2022 | Total Attempts: 149

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What Type Of Business Are You Suited To? - Quiz

Ortus have developed this short quiz for those who are interested in starting their own business. The quiz is just for fun but aims to give you an idea of what direction to go in and where to turn for help depending on your interests in starting your own business.

You May Get

Franchising

You may be suited to the Franchising business model. Franchising is when the owner of an established business (the franchisor) grants another person permission to use their business idea (including their branding, suppliers, systems and products) - often in a specific geographIf youical area.If you are interested in franchising or want to find out more - visit www.franchisingni.com

Sole Trader

Being a sole trader is the simplest way to Start a Business - it does not involve paying any registration fees, keeping records and accounts is straightforward, and you get to keep all the profits. Basically, the business is you and you are the business! However, you are personally liable for any debts that your business runs up.If you are interested in starting your own business or want to find out more - visit www.ortus.org

Questions and Answers

1.

Do you have a business idea?
- A.
  
  Yes
- B.
  
  No
2.

Would you rather start a business from the ground up or access a turnkey package?
- A.
  
  Turnkey package
- B.
  
  Build business from the ground up
3.

If starting a business, would you have ready access to any funding? (e.g. savings, redundancy severance pay, loans, etc)
- A.
  
  No
- B.
  
  Yes, between £1,000 - £5,000
- C.
  
  Yes, between £5,000 - £10,000
- D.
  
  Yes, over £10,000
4.

Would you be happy to work within certain limitations (such as the products you sell or the area you sell to)?
- A.
  
  Yes
- B.
  
  No
- C.
  
  Don't Mind
5.

What is most important to you in starting out in business?
- A.
  
  To be guarenteed to make money
- B.
  
  Making it on my - Independance
- C.
  
  To be my own boss