A new study suggests that a "staggering" number of entrepreneurs in the U.S. identify themselves as dyslexic, according to a story in the International Herald Tribune.
The report said that of the entrepreneurs interviewed, 35 percent said they were dyslexic. The study also concluded that dyslexics were more likely to delegate authority and to excel in oral communication and problem solving. They were also twice as likely to own two or more businesses.
One good example in our own back yard is Craig McCaw, who has a long list of companies he started: Clearwire, Nextel Communications, XO Communications, Teledesic and McCaw Cellular Communications,
Members of his executive teams frequently describe him as being creative, not too wrapped up in the details, and capable of delegating authority.
The article pointed out that the connection between entrepreneurs and dyslexia has been made before. Fortune had a cover story five years ago mentioning McCaw, but also Richard Branson, founder of Virgin Atlantic Airways; Charles Schwab, founder of the discount brokerage that bears his name; John Chambers, chief executive of Cisco; and Paul Orfalea, founder of the Kinko's copy chain.
Why is this?
Julie Logan, a professor of entrepreneurship at the Cass Business School in London, who conducted the study, said:
"We found that dyslexics who succeed had overcome an awful lot in their lives by developing compensatory skills. If you tell your friends and acquaintances that you plan to start a business, you'll hear over and over, 'It won't work. It can't be done.' But dyslexics are extraordinarily creative about maneuvering their way around problems."
The study was based on a survey of 139 business owners in a wide range of fields across the U.S.
Logan called the results staggering, especially when juxtaposed with the information that about 10 percent of Americans are believed to have dyslexia.