Journal 5 : Who becomes an entrepreneur? Early life experiences as predictors of entrepreneurship

Who becomes an entrepreneur? Early life experiences as predictors of entrepreneurship Ingrid Schoon and Kathryn Duckworth Institute of Education, University of London The purpose of this study is to formulate and test a developmental–contextual model of entrepreneurship that stresses the interplay between early personal characteristics and contextual influences in shaping the step into entrepreneurial activity. Based on the findings, there are certain characteristics that the entrepreneurs all share. Entrepreneurs are more likely to have father who was self-employed and during age 10, they showed a higher levels of self-esteem and has better social skills than most at that age. In the teen years, or specifically in age 16 they expressed higher commitment to work for themselves. Family socioeconomic status (SES) is associated with the academic attainment and social skills of the offspring and showed a positive direct association with entrepreneurship among daugh...