Abstract
A study of the performance of small business organisations, including family businesses, was conducted using a sample of owner-managers from the engineering and toolmaking industry sector. From the perspective of attachment theory, commencing one’s own business and learning the associated new skills (e.g., team leadership), can be conceptualised as exploratory behaviours. Given this theoretical perspective, the present research examined the links between small business owners’ attachment style and team leadership skills. The utility of attachment style, team leadership skills, education and qualifications as predictors of profit was also examined. Secure attachment was associated with better team leadership skills, and team leadership skills were associated with the business’ profit. Attachment style and qualification-based variables did not provide strong prediction of profit, although there was some evidence that the association between attachment style and profit may be stronger for family businesses than for other small businesses.
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