How good is your business knowledge?

Given the way various gurus regularly bombard budding entrepreneurs with their wisdom, you would be forgiven for thinking that a deep knowledge of the business world is essential to starting a new venture.

Whether it is in books, the business pages or even StartupSmart, there is more information out there for entrepreneurs than ever before. And you can test that knowledge today with our new quiz.

But how much do you really need to know about Australia’s business scene before you launch your start-up?

Certainly, given the examples of some famous entrepreneurs, the answer could arguably be “not much”.

After all, Sir Richard Branson started his first business aged 16. Similarly, Australian media mogul Kerry Stokes left school at 14-years-old after a deprived upbringing.

Throwing yourself at the coalface of your start-up can often usurp any kind of business degree or devoted following of the latest business news.

Indeed, nothing else can shake up the incumbent big players quite like an upstart looking at an old problem with fresh eyes.

That being said, given the speed with which ideas flow across the world these days, it is worthwhile to be aware of the latest trends.

Moreover, it would be disappointing for your venture to be derailed due to a lack of knowledge over matters such as the minimum wage, tax rates or available funding.

With this in mind, we have put together a quiz that will test your business knowledge. This won’t be an indicator to the success or failure of your start-up, but should give you a good pointer as to how well you know the environment around you.

To take the quiz, click here.