Appetite for risk taking – Section 4 of 4 – DBSP's Entrepreneurial Assessment

Questionnaire to measure your risk taking ability

The following questionnaire is designed to measure how much risk you are comfortable to take. It gives scenarios and asks how you would respond to them by selecting one or more of the multiple choice answers provided. For your own benefit, PLEASE RESPOND OPENLY AND HONESTLY. ALSO REMEMBER, THERE ARE NO RIGHT OR WRONG ANSWERS!

The questionnaire consists of 26 questions and should take you 15 to 20 minutes to complete

If you are not able to finish it all at once, the system will remember which question you answered before you took a break and take you to the next question when you resume the questionnaire.

For a review on the instructions how to complete this assessment please click on this link:https://e-test.co.za/?page_id=24

ALL THE BEST!

After you have finished this assessment and received your score, you need to click on this link: cumulative score to receive your total score for all 4 assessments you have just taken and to view our feedback about your level of entrepreneurial inclination.

Risk Taking Ability – Section 4 of 4

I would ____ be happy to earn less money if I am sure the job I have is more stable rather than to take a riskier job where I could earn more.

Definitely

Almost always

Sometimes

Hardly ever

Definitely not

None

Risk Taking Ability – Section 4 of 4

If I had a good idea for a business, I would ____ be willing to borrow some money to help me to do it.

Definitely

Almost always

Sometimes

Hardly ever

Definitely not

None

Risk Taking Ability – Section 4 of 4

If I knew that there was a chance that I could fail at doing something, I will ____ think twice before doing that thing

Definitely

Almost always

Sometimes

Hardly ever

Definitely not

None

Risk Taking Ability – Section 4 of 4

I like to take an opportunity that might be hard, but that could give me good things, rather than have an easy life with no risks. This is a ____ statement for me

Definitely

Almost always

Sometimes

Hardly ever

Definitely not

None

Risk Taking Ability – Section 4 of 4

Going into my own business ____ makes me feel too nervous and is too much of a risk for me

Definitely

Almost always

Sometimes

Hardly ever

Never

None

Risk Taking Ability – Section 4 of 4

Security is very important to me and I cannot get into things that are risky. This is a ____ a true statement for me.

Definitely

Almost always

Sometimes

Hardly ever

Definitely not

None

Risk Taking Ability – Section 4 of 4

I prefer to have a job that offers a challenge, even though things may go wrong and I lose the job. This is a ____ a true statement for me.

Definitely

Almost always

Sometimes

Hardly ever

Definitely not

None

Risk Taking Ability – Section 4 of 4

I will start a task where there is quite a high risk of failure, but the rewards are great. This is ____ a true statement for me.

Definitely

Almost always

Sometimes

Hardly ever

Definitely not

None

Risk Taking Ability – Section 4 of 4

I want to reach the highest level in life, even if it costs a lot. This is ____ a true statement for me

Definitely

Almost always

Sometimes

Hardly ever

Definitely not

None

10.

Risk Taking Ability – Section 4 of 4

I am _____ adventurous and like to experiment, and try new things

Extremely

Almost always

Sometimes

Hardly ever

never

None

11.

Risk Taking Ability – Section 4 of 4

If I won a lot of money, say by winning a competition or playing lotto, I would….

Upgrade my lifestyle

Buy a new car

Invest for my retirement

Pay for my children’s education

Start up a business

Put the money in the bank

Invest it

Use it by having a good time

None

12.

Risk Taking Ability – Section 4 of 4

I will ____ take risks if the chances of success are half – half (50%, 50%.)

Definitely

Most probably

Sometimes

Hardly ever

Never

None

13.

Risk Taking Ability – Section 4 of 4

If I had my last R50 and I was on the way to buy food for my family, and I passed a shop that was selling a certain product that I felt I could sell in my community, I would ____ take the risk of buying that product and not buying the necessary food, in the hopes of selling it and making more than R50. Once I have made a profit then I will go and buy food.

Definitely

Most probably

Sometimes

Hardly ever

Never

None

14.

Risk Taking Ability – Section 4 of 4

Would you do an activity that could involve some risk of injury, for example go skydiving, rock climbing, river rafting, or bungee jumping?

Definitely

Most probably

Sometimes

Hardly ever

Never

None

15.

Risk Taking Ability – Section 4 of 4

How much risk have you taken in the past with your finances?

Whatever risk it takes – Nothing ventured, nothing gained

A lot of risk

Some risk

Hardly any risk

I will never risk my hard earned cash

None

16.

Risk Taking Ability – Section 4 of 4

If I had to choose between more job security but less pay, or less job security with a large pay increase, I would take the following…

Definitely more security and less pay

Probably more security and less pay

Not sure what I would do

Probably less security and more pay

Security is not an issue for me, large pay is

None

17.

Risk Taking Ability – Section 4 of 4

When faced with a major financial decision are you more concerned with the possible losses or the possible gains?

I am extremely worried about losing my money

I am a bit worried about whether I will lose my money

I am unsure

Sometimes I think about how much money I will make

I always think of how much money I will make

None

18.

Risk Taking Ability – Section 4 of 4

What will you do with some extra money you have but you are sure you do not need it over the next two years?

Spend it

Save it under the mattress at home

Put it in the bank where it will grow slowly

Gamble with it in the hopes of making more money

Invest it wisely where it can get as high returns as possible even if the investment carries a bit of risk

None

19.

Risk Taking Ability – Section 4 of 4

One day your boss comes to you and offers you a choice of remaining on a fixed salary or working on commission. She explains that you will most probably make more money if you sold on commission, but there are some risks involved. What would your decision be?

100% salary + 0% commission

25% cut in salary + 25% commission

50% cut in salary + 50% commission

75% cut in salary + 75% commission

No salary + 100% commission

None

20.

Risk Taking Ability – Section 4 of 4

What degree of financial risk are you prepared to take right now to start up a business?

As much as it takes

Quite a lot

Unsure

A very small one

None at all

None

21.

Risk Taking Ability – Section 4 of 4

When you think about the possibility of losing money what thought and/or emotion is the biggest one in you?

I do not want to lose even a cent

Sad because I have worked hard for it

I do not feel good or bad because money is money and I can make more

I feel OK, because at least I tried some thing new

No problem, because if you do not risk your money it will not grow fast

None

22.

Risk Taking Ability – Section 4 of 4

When you think about getting married is the decision, or was the decision (if you are married already)…..

Very difficult to make because I am or was extremely worried about making a mistake

Quite difficult – I am or was a bit worried about making a mistake

I am not sure. I do or did not think about it

Quite easy although I am or was fairly sure I am or was not making a mistake

Very easy – I do not or did not worry about making a mistake at all

None

23.

Risk Taking Ability – Section 4 of 4

In social engagements where you have to meet new people and talk to strangers, which of these statements is true for you?

I am totally relaxed because I love meeting new people and find it very easy to talk to strangers

I am OK meeting new people and quite like the challenge of talking to strangers

I feel neither good nor bad about talking to strangers

I do not like to meet new people and talk to strangers, but if I have to I will

I run away, because I do not feel comfortable at all talking to strangers

None

24.

Risk Taking Ability – Section 4 of 4

When something is presented to me that is new and untested and where there is a high chance I could make a lot of money, I…

Cannot take the chance on something that is not tried & tested, so I turn it down

Am very cautious so I will most likely not be investing my money

Will be willing to explore the opportunity further if I had a lot more information

Go away and think about what I have heard and generally do invest

Jump right in and invest straight away, even though I could lose money

None

25.

Risk Taking Ability – Section 4 of 4

If I know I might fail at something, such as painting, drawing, taking on a writing challenge, or trying to play a musical instrument, I ….

Would not because I am very worried about what people may think of me

Might be persuaded to try if I knew for sure that people would not laugh at me

Am not sure what I would do

Am a bit worried about what people will think, but would try anyway

Do not care what people think, it would be exciting for me to try something new

None

1 out of 25

Time’s up

Appetite for risk taking – Section 4 of 4

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