Entrepreneur Skills Test to identify and recruit high-potential entrepreneurs effectively

Mercer | Mettl's Entrepreneur Test is designed to identify the crucial entrepreneurial characteristics, abilities and skills one needs before venturing into an entrepreneurial journey. The Entrepreneur Assessment evaluates essential behavioral competencies and cognitive skills for excelling in an entrepreneurial role. This psychometric tests consists of questions that assess candidates' behavioral competencies and cognitive skills required for success as an entrepreneur.

Importance of the Entrepreneur Test

The Entrepreneur Test offers individualized feedback and recommendations to candidates, recommending skill development areas, skill development and growth resources, and guidance on refining the entrepreneurial mindset. It enables candidates to formulate targeted development plans, recognize relevant training opportunities, and engage in continuous learning to enhance their entrepreneurial abilities. It helps in shaping a successful entrepreneurial career.

What is inside this Entrepreneur Test?

The test uncovers critical insights into the candidates’ strengths and areas for improvement by evaluating their behavioral competencies and cognitive abilities related to entrepreneurship. This test contains one hundred and seven questions to be completed within fifty minutes. The questions are of a moderate difficulty level and require an experience level of up to two years. This psychometric and aptitude-type test is ready to use.

What skills does this Entrepreneur Assessment cover?

• Behavioral competencies  

The behavioral competencies section comprises the following sub-competencies: self-confidence, achievement orientation, stress management, creative thinking, dealing with ambiguity, risk-taking, initiative-taking, networking, and influence. These fundamental traits reflect the prerequisites for steering through the challenges of entrepreneurship, adjusting to changing environments, and achieving success.  

• Cognitive ability  

The questions in this section extend across cognitive sub-competencies such as critical reasoning, commercial acumen, decision-making, analytical ability and problem-solving. These competencies are crucial for entrepreneurs to make informed business decisions, perform data analysis, and solve complex business problems.

What role can you assess using this Entrepreneur Test?

The business partner (HR)- The HR business partner collaborates with the company's senior leadership to align HR strategies with business objectives, oversees workforce planning and recruitment, leads organizational change initiatives, utilizes HR analytics for data-driven recommendations, ensures compliance with labor laws, manages compensation and benefits programs, fosters a positive workplace culture, and oversees training and development programs.

Practice questions with answers

1. What are the qualities of a successful entrepreneur?  

Some qualities include confidence, accountability, willingness to try new ideas, and overcoming difficulties.  

2. Name a type of entrepreneurship based on risk.  

Drone entrepreneurship is based on the risk involved. Here, owners are satisfied with the current pace and profit of the business and are not willing to take further risks.  

3. Name a push factor for entrepreneurship.  

Push factors demotivate one from starting their own business and keep a person away from entrepreneurship. Culture is an example of the push factor.  

4. What is an entrepreneur who owns more than one business called?  

Portfolio entrepreneurs are owners of more than one business.  

5. What is opportunity cost? 

The opportunity cost is the value associated with the alternatives that were not chosen, as they may have had potential benefits or advantages forfeited in favor of the selected option. 

6. What is entrepreneurship?  

It is a kind of self-employment where one is running a business and figuring out ways to profit from it.  

7. Name some advantages of self-employment.  

Self-employment is advantageous when choosing working hours and roles. It has a high potential to increase income.  

8. What are some challenges for an entrepreneur?  

Challenges include managing the business cash flow, recruiting new employees and selecting the service or product to sell in the market.  

9. Name some types of entrepreneurship.  

Small business, scalable, and large-scale entrepreneurship are some types of entrepreneurship.  

10. Name some categories of external forces that can affect a business.  

Competitive, economic, and socio-economic forces are some categories of external forces that can affect a business.