Entrepreneurs likely to be eldest in family

THE eldest child in the family is more likely than younger siblings to start their own company.

THE eldest child in the family is more likely than younger siblings to start their own company.

A Barclays Local Business survey of small business bosses found 43% of the region’s entrepreneurs were first-born.

Only 28% of respondents were the baby of the family.

However, there is no evidence to suggest that an entrepreneurial gene runs in the family as 62% of those questioned did not have another family member running their own business.

First-borns are typically seen as conscientious, organised, responsible, high achievers and competitive; all qualities vital to the successful running of a business. They also frequently score more highly in intelligence tests than younger and middle children.

Celebrity examples include Sir Richard Branson, JK Rowling and Tim Campbell, winner of BBC’s The Apprentice.

Barclays Local Business regional director David Slane said: “The survey reveals what many people may have suspected for a long while – that when it comes to taking charge, eldest children are more than happy to be the boss!”

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