Survey Shows Birth Order not an Influence on Entrepreneurship

November 26, 2007 (PLANSPONSOR.com) - A recent survey of small business owners conducted by online payroll service SurePayroll reveals that oldest, middle, youngest, and only children are equally likely to have entrepreneurial aspirations.

A news release said 38% of respondents were oldest or only children, while 34% were youngest children and 28% were middle children. The closeness of the numbers suggests that a sibling’s birth order has little or no effect on the likelihood of becoming a business owner, SurePayroll said.

Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.

Research generally has suggested first borns and only children were most successful in career matters, and a recent TIME magazine article detailing a birth order study indicated youngest children were more likely to be entrepreneurs, the announcement said. However, the SurePayroll survey found that the career paths of an entrepreneur’s parents – not birth order – may impact his or her decision to start a business.

Sixty percent of the small business owners who participated in the survey said that second-generation entrepreneurs are more likely to be successful than first-generation entrepreneurs. The entrepreneurs surveyed also said they will have an entrepreneurial influence on their own children. Eighty-eight percent of respondents indicated they will encourage their children to become entrepreneurs.

In addition, the survey showed a child’s ambition also cannot predict whether one will own a business. When asked if they had planned on becoming an entrepreneur when they were children, 60% of respondents said they did not think or strive to be one, 40% said they thought they would become entrepreneurs, and 39% indicated they thought they would have a more traditional career. The remainder said they never thought about such matters when they were children.

«