Harvard develops test to identify entrepreneurs
Researchers at Harvard formulated a simple, inexpensive, and efficient way to test the skills of a would-be entrepreneur in an emerging market like Nairobi or Lima. The computer-based psychometric test, which asks about 150 questions, asesses traits like honesty, ethics, intelligence, and motivation. See three question examples below:
- Do you like taking things apart to see how they work?
- Do you enjoy going to parties?
- Given five seconds, how long a sequence of numbers can you memorize?
If the startup champ-to-be’s questions add up, it’s then safe to say that individual has a better chance than most of running a successful small business in a developing economy.
Full story at BusinessWeek.
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I have yet to see a test other than the Woodsmalls which is about 98% – 100% accurate, that were over a 60% accuracy rate which means that they have a 40% error rate. So, color me skeptical. And the Credit scores are a joke when it comes to Entrepreneurs because of the debt to income ratios when doing a start up.