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Studies Show

Kids Take Cues: Children Of Entrepreneurs Make Career Choices Based On Parents’ Success Or Failure


Hey there entrepreneur! No pressure, but uh, your success or failure is going to have a direct effect on your impressionable coming-of-age kids.

A new study, reports The Harvard Business Review, shows that young men between the ages 18 and 21 are strongly affected by the success of their entrepreneurial parents. In other words, if you’re getting ready to start a career and Mom or Dad just started a booming startup, you’re likely to follow down a similar path. If the business turns out to run less than smoothy, though, the impressionable offspring will probably go a different route.

You see, previous studies have shown that kids are more likely to follow in their parents’ entrepreneurial footsteps, but it turns out that success in that entrepreneurship is also a pretty huge factor.

Unfortunately, the Baylor University study focuses only on “male offspring” — a fact The Harvard Business Review for some reason neglects to mention. While the children are all male in this study, of course the parent entrepreneurs include women.

Do you think the findings would be the same for young women though?

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  • Valerie

    Thanks for sharing this study!

    There is no way to know with certainty of course whether the results would be the same for girls who watch one or both parents run a business.

    What I do know is that females generally have a more layered definition of success that goes beyond the traditional male model of power, money, and status. It’s not that women don’t want these things, but just not to the exclusion of things like meaning, contribution, and work/life balance — which is ONE reason why female run business tend to be smaller.

    So if by the business “running less than smoothly” the researchers mean making less money as one might in a corporate gig, then young men may be turned off. But benefiting from for example, a self-employed mom who got to see her kid’s soccer games or may have worked long hours but because she runs her business from home, was more available, female children may be more inclined to be their own boss.

    In other words, success is relative.

    Valerie Young
    Author, The Secret Thoughts of Successful Women

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  • ZenPoseur

    This effect probably dates from early in our evolutionary history.  The successes or mistakes of the parent would leave an imprint on their children, increasing the child’s chance of successfully reproducing.  So, for example, if you lived on the Savannah 2 million years ago and witnessed your parents being eaten by lions, you’d be less likely to repeat their mistake of opening a zebra themed ice cream shop.

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