Question: If I gave you a hundred thousand dollars to start a business, what would you start?

Alternative Question Phrasing:

Follow-up questions:

Why this business?
How would you allocate the funds?
What would the first steps be?
How would you make this business profitable?

Question Details:

Question Type:

Situational,Unconventional

Knowledge:

Entrepreneurship and Business Acumen

Skills:

Management of Financial Resources,Systems – Judgment and Decision Making

Abilities:

Cognitive – Fluency of Ideas (Idea Generation Frequency),Cognitive – Speed of Closure (Thinking Speed)

Other Factors:

Motivation/Ambition/Aspiration,Rapport Building Question

Work Activity (Task):

Mental Processes – Developing Objectives and Strategies,Mental Processes – Judging the Value of Things, Services, or People,Mental Processes – Thinking Creatively (Creativity)

Work Style (Person-Job Fit):

Achievement/Effort (Action/Result Orientation),Initiative,Risk Tolerance

Question Frequency

Question Difficulty

What to look for in an answer:

You are looking at two separate things. Firstly, you are judging the interviewee’s business acumen based on the technicalities of how they talk about building and growing a business. Secondly, you are looking to understand their personality better based on what type of business they want to start.

Red Flags to Watch For:

There is no right or wrong in terms of what type of business to start, but if the interviewee has a lack of understanding of how businesses work, it is a red flag.

Sample Answer:

N/A

Question Source: Unknown