Family Matters: Exploring the Role of Family in the New Venture Creation Decision

Jodyanne Kirkwood

34 citations0/0 files storedJournal of Small Business & Entrepreneurship

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Entrepreneurship Studies and Influences Family Business Performance and Succession Migration, Ethnicity, and Economy

Abstract

This exploratory study focuses on how entrepreneurs’ families influence their decision to start a new venture. Seventy-five entrepreneurs were interviewed in person in New Zealand and their experiences form the basis of this paper. It delves into the roles of three key types of family member that may impact on motivations for entrepreneurship: parents, spouses and children. The analysis uses a gender comparative perspective to focus on the role of the family. The findings are that women tend to look for support and advice from their parents; and that women analyze the potential effects of the decision on their spouse and children. In contrast, men focus more on being independent from their parents; and men think of practical aspects such as financial considerations towards their spouse and children. The preliminary findings of this study lead to many suggestions for research to further understand how the family can influence new venture creation.

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References

1992Basics of Qualitative Research: Grounded Theory Procedures and Techniques.2002Global Entrepreneurship Monitor 1992Basics of Grounded Theory Analysis: Emergence Vs. Forcing 2003The pervasive effects of family on entrepreneurship: toward a family embeddedness perspective 2011The Pervasive Effects of Family on Entrepreneurship: Toward a Family Embeddedness Perspective 1992Research on Women Business Owners: Past Trends, a New Perspective and Future Directions 1990Entrepreneurship Theory and Practice 2000Family Matters: Gender, Networks, and Entrepreneurial Outcomes

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