Is Entrepreneurialism Genetic?

Employment - Is Entrepreneurialism Genetic?

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Do the genes which make up the person you are today comprise the information needed to come to be an entrepreneur? Are we pre-coded from birth to inherit these money production traits for our parents or is it all to do with how we are brought up and educated? 

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Employment

Entrepreneurs create wealth and jobs. Because of these 2 facts, they are seen as a vital part of a region or nations economy. Without entrepreneurs we would live in a very different world. Governments, Schools, Universities, and enterprise groups are continually on the look out for ways to ignite entrepreneurship in people. But despite all of this, nobody knows exactly what it is that sparks person to create their own business. However, many up-to-date studies propose that a mountainous part of that 'spark' could be due to an individuals genetic make up.

Nicos Nicolaou (lecturer in entrepreneurship at Tanaka School of Business, Imperial College London), Scott Shane (Mixon Professor of Entrepreneurial Studies, Case Western support Universities Weatherhead School of Management), Janice Hunkin, Tim Spector and Lynn Cherkas (Twin explore and Genetic Epidemiology Unit, St Thomas Hospital in London, home of the Uk Twin Registry of over 10,000 twins), all came together and collaborated in this unique study.

They compared the 'rate' of entrepreneurship between more than 1,250 pairs of same (and fraternal) twins within the United Kingdom. They concluded that approximately half, colse to 48% of a persons propensity to come to be self-employed and start their own enterprise is genetic. 

The collaboration did a study of self employment among 609 pairs of same twins, and compared that to self employment of 657 pairs of same sex fraternal twins in the United Kingdom. same twins share 100% of their genetic mixture with each other, while fraternal twins only share colse to 50% on average. They concluded that the rate at which same twin pairs both became entrepreneurs and the rate at which both sets of fraternal twins became entrepreneurs can be attributed to genetics. "One can look at the patterns of concordance (the numbers of pairs of twins in which both members are or are not entrepreneurs) and reasonably infer that genetic factors list for the differences" says Scott Shane.

The collaboration of scientists proposed some methods in which genetic factors may work on a persons tendency to come to be an entrepreneur. For example, genetics may predispose a person to compose traits such as being very sociable, or an extrovert. In turn this can pave the way to this person obtaining skills such as salesmanship, which is a vital skill attributed to an entrepreneurs success.

Genes have also been shown to work on the amount, or level of study an individual might receive. Thus, people receiving a higher level of education are much more likely to come to be entrepreneurs, as they are more likely to be able to recognize new enterprise opportunities where others may not.

In conclusion, their studies have shown a clear genetic predisposition towards entrepreneurship, production it possible to saunter with further studies to recognize the exact genes that are complex in being an entrepreneur. 

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Posted in: Entrepreneurialism, Genetic