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From stable job to owner — will you make it?

Around 30–50% of new small businesses in Australia fail within 3 years. This quiz benchmarks your situation against the success factors that separate the survivors.

10 questions · 3 minutes

Question 1 / 10

How long have you been planning this?

Less than 3 months6–18 monthsOver 2 years

Question 2 / 10

Cash runway (personal living costs covered)?

<6 months6–12 months18+ months

Question 3 / 10

Has your partner / family signed off?

Not really discussed in detailYes, supportive but nervousYes, fully on board with the risks

Question 4 / 10

Do you have a mentor who's done this?

NoLoosely, via networkYes, regular check-ins

Question 5 / 10

How well do you understand a P&L?

VaguelyWell enough to spot trendsI can build and stress-test one

Question 6 / 10

What's your exit plan if it doesn't work?

Haven't thought about itI could find a job againDocumented Plan B with timing

Question 7 / 10

Are you buying for the right reason?

I hate my current jobI want more freedom and upsideSpecific opportunity I'm uniquely positioned for

Question 8 / 10

How honest is your revenue forecast?

Optimistic — everything goes rightRealistic with some bufferStress-tested with a downside scenario

Question 9 / 10

Do you have at least one paying customer / signed lease / proven demand?

Not yetSoft commitmentsYes, validated demand

Question 10 / 10

What's your relationship with discomfort?

I avoid itI tolerate it for a goalI seek it out — it's where I grow

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