Will Your Small Business Fail Soon?

Are you ready to see if your small business has the right factors for success?

This quiz, based on Prof. Robert N. Lussier’s small business prediction model, is now live! Unlike traditional corporate approaches that emphasize financial power, Lussier’s model is all about strategic action—tested and proven in diverse countries like the US, Chile, and Croatia.

His research focuses on practical, nonfinancial strategies that small businesses can apply immediately, regardless of scale. It’s a roadmap that empowers entrepreneurs to thrive. Take the quiz now and see where you stand—share it with your network so they can benefit too!

Full Name

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Phone

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Email(*)

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#1. How often do you engage in strategic planning for your business (e.g., setting goals, creating business plans, and tracking progress)?(*)

Regularly and consistently

Occasionally

Rarely or never

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#2. To what extent do you seek and apply professional advice (e.g., from accountants, lawyers, consultants) for your business decisions?(*)

Regularly and implement the advice

Occasionally but not consistently

Rarely or never

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#3. Do you have a higher education degree relevant to your business field?(*)

Yes, a degree directly related to my business

Yes, a degree but not directly related

No higher education degree

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#4. Have you hired qualified personnel who have remained with your business for an extended period (at least one year)?(*)

Yes, and most have stayed long-term

Yes, but high turnover

No

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#5. Did your business start with adequate capital?(*)

Yes, sufficient for at least the first year

Partially adequate but required additional funds early

No, started with insufficient capital

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#6. Does your business maintain detailed records and implement financial controls?(*)

Yes, both

Only basic record keeping

No

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#7. Do you have previous experience in the industry of your current business?(*)

Extensive experience

Some experience

No experience

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#8. Have you had prior management experience before starting this business?(*)

Yes

No

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#9. Was your product/service introduced at a favorable time in the market?(*)

Yes, the timing was optimal

The timing was acceptable but not ideal

No, the timing was poor

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#10. Was the economic period favorable when you launched your business?(*)

Yes

No

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#11. What is your age range?(*)

25-45 years

Outside this range

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#12. Do you have business partners with complementary skills?(*)

Yes, and we work well together

Yes, but there are conflicts

No partners

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#13. Did your parents own a business?(*)

Yes, and I was involved

Yes, but I was not involved

No

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#14. Are you from a minority group?(*)

Yes

No

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#15. How would you rate your business's marketing skills?(*)

Strong marketing skills

Moderate marketing skills

Weak or no marketing skills

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Lussier's Small Business Success vs. Failure Model Quiz

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