Eldest 'more likely to succeed' says survey (From Asian Image)
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Eldest 'more likely to succeed' says survey
6:12pm Friday 4th January 2008 in
Eldest children in the North West are more likely than their younger siblings to start their own company, according to a Barclays Local Business survey.
The survey revealed that more than a third of the region's entrepreneurs (41 per cent) are the first born.
In comparison, only 25 per cent of respondents admitted to being the baby of the family'. However, there is no evidence to suggest that an entrepreneurial gene runs in the family as 63 per cent of those questioned do not have another family member who runs their own business.
Firstborns are typically characterised as conscientious, organised, responsible, high achievers and competitive; all qualities which are key to the successful running of a business. Celebrity examples of this trend include Richard Branson, JK Rowling, and Tim Campbell, winner of BBC's The Apprentice'.
John Davis, marketing director for Barclays Local Business said: "The survey reveals what many people 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?"
The survey also found that 90 per cent of the North West's current entrepreneurs have owned more than one business.
This suggests that when it comes to being a successful boss of your own company, practice really does make perfect.
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