Creative Entrepreneurship Young Entrepreneurship

Creative entrepreneurship is the training of setting up a business – or setting yourself up as a self-employed - in one of the imaginative industries. The focal point of the creative entrepreneur differs from that of the typical business entrepreneur or, indeed, the social entrepreneur in that s/he is concerned first and foremost with the creation and exploitation of creative or intellectual capital.
Basically, creative entrepreneurs are investors in talent – their own and/or other people’s. The most renowned creative entrepreneurs have combined creative style with entrepreneurial ability to build multi-million dollar business empires. Examples contain Rupert Murdoch, Madonna and Richard Branson. Although, technically, creative entrepreneurs predate the business revolution – artisan jewellery making dates back to 7000 BCE and there were professional poets (scôps) in Pre-Norman Britain – the subject of creative entrepreneurship is a relatively new area. Since the mid 20th century, commentators have observed the move towards an information economy or information society where the old rules of manufacturing-based business no longer apply, or at very least need to be reconsidered (Machlup 1962; Drucker, 1969; Lyotard, 1984). But the imaginative sector, an intrinsic part of the knowledge economy, has received relatively little attention which is great.