Firstborns More Likely To Become Entrepreneurs
BY Liz Webber
A new study shows that taking care of younger siblings may foster business skills.
Older siblings are more likely to start a business than their kid brothers or sisters, according to a recent survey by Barclays Local Business.
The UK-based study of 2,427 small-business owners found that 41 percent reported being the first-born child in their families, while just 27 percent were born last.
"Perhaps the experience of helping to look after younger brothers and sisters early in life is a breeding ground for good management skills giving our oldest children a head start when it comes to business," John Davis, marketing director for Barclays Local Business, said in a statement.
The survey also found entrepreneurship is not necessarily a family trait. Almost two thirds of respondents said they were the only family member to run their own business.