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Oldest siblings make best entrepreneurs, survey finds

05/12/2007  12:55:20

 


 

Eldest children are the most likely members of the family to establish a new business start-up, according to new research.

A poll by Barclays Local Business found that 41 per cent of the almost 2,500 entrepreneurs questioned were the oldest brother or sister compared to 27 per cent who were the youngest.

At 44 per cent of all respondents, London-based company directors of small businesses were the most likely to be the eldest child.

The least likely were company directors in the East Midlands, where only 36 per cent were likely to be the oldest sibling.

The study indicated that firstborns generally show the key characteristics that are crucial to running a business such as conscientiousness, organisation, responsibility and competitors.

Firstborns in the family such as Sir Richard Branson and JK Rowling are often high achievers, the study said.

John Davis, marketing director for Barclays Local Business, said: "The survey reveals what many people, particularly younger siblings like myself, may have suspected for a long while; when it comes to taking charge, eldest children are more than happy to be the boss.

"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."

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