Starting, running and growing a small business is not going to work for everyone.

If you are going to commit to a venture, understand your motivation and whether you have what it takes.

Starting a business means accepting a number of major responsibilities.

Try this personal assessment now.

Take your time and answer these five important questions:

• are you physically and financially able to provide for your business?
• have you assessed all of the risks and do have a plan to manage them?
• are you prepared to be accountable to customers and suppliers?
• do you know what your compliance requirements are?
• do have the people skills to recruit, train and retain staff if needed?

Visit the interactive Small Business Tool Kit for more personal assessments plus information, quizzes, case studies, and planning tools.