What's Your Birth Order?

It might affect your bottom line.
1 min read
Opinions expressed by Entrepreneur contributors are their own.

Did you know that whether you're the oldest or youngest in your family influences how you run your business? Birth order affects not only the types of companies entrepreneurs start, but also how they manage those businesses. That's according to Frank Sulloway, author of Born to Rebel: Birth Order, Family Dynamics, and Creative Lives.

Sulloway says first-borns tend to be conscientious, obedient, hard-driving and bossy. Later-borns are more flexible, innovative, laid-back and sociable. These characteristics can impact entrepreneurs from the start: Older siblings often go for the safe bet, while the younger ones are likely to be risk-takers. First-borns might make better franchisees, while later-borns often undertake more experimental and quirkier businesses. The solution? Sulloway suggests joining forces with your siblings, if possible. Together you offset your "inborn weaknesses" and can build a better business.

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Entrepreneur Store scours the web for the newest software, gadgets & web services. Explore our giveaways, bundles, "Pay What You Want" deals & more.

Latest on Entrepreneur

Entrepreneur Media, Inc. values your privacy. In order to understand how people use our site generally, and to create more valuable experiences for you, we may collect data about your use of this site (both directly and through our partners). By continuing to use this site, you are agreeing to the use of that data. For more information on our data policies, please visit our Privacy Policy.