Personality tests are a fun way of discovering oneself through a questionnaire. Some have more serious implications, whereas others are more easy-going traits that spark an interest in understanding why we behave in a certain way or what triggers our behavioural patterns.
More often than not, someone planning on taking the plunge and embracing entrepreneurship would have a lot of questions regarding their success, what kind of a leader they will make, or if their employees will be motivated with their leadership style. It is when a personality test comes in handy!
Personality tests for entrepreneurs are an excellent exercise for getting an insight into their own strengths and weaknesses and getting to know what drives them. It leads to improved communication, and one can tweak their working style that suits best with the rest of the team for an optimum outcome.
Having said that, personality tests do have their cons too. They are not foolproof and hundred per cent reliable to be used to make critical decisions.
Let’s have a look at some of the pros and cons of taking personality tests.
Most people know these, but taking a test confirms the strong points they can use to their advantage.
Work on weaknesses
Identifying one’s weaknesses via these tests is a great way to fill the gaps and hire people whose strengths complement their own shortcomings.
Recognizing what works for one’s business best in terms of their personality traits and what doesn’t is a significant benefit. An entrepreneur can delegate and avoid pitfalls in the process.
Better understanding within the team
It is imperative for smooth communication amongst all team members to understand one’s own and everyone else’s working style. One might need to tweak their leadership style to suit the rest of the team’s requirements, and a personality test will be able to tell them just that!
These tests can become tedious and time-consuming. Since these test are quite lengthy, it is easy to lose focus, not read questions correctly and could lead to inaccurate answers.
Accuracy of these tests depends on the answers given by the test-takers, and the researcher has to put full faith in them not to have fibbed or presented themselves to come across desirably.
The reliability of personality tests has been a topic of major debate. While they are considered great for an overall understanding of a person’s traits, most experts advise not to entirely rely on them to make critical decisions in the hiring or admission process.
These tests are written after a lot of research and are not cheap. They cost anything between 100-300 dollars per test.
Everything that we do has its pros and cons, and so do personality tests for entrepreneurs. However, from my own experience and understanding, the pros of taking a personality test outweigh the cons. On that note, I would like to add about one of the most reputed personality tests offered by WEALTH DYNAMICS.