What is the difference between creative entrepreneurship and business entrepreneurship?

What I'm going to write now represent my own thoughts & believes about entrepreneurship.

Anyone makes a successful ethical business is an entrepreneur.

no business will last without continuous improvements and innovation even if its limited only to internal processes.

The only difference between a non-for profit organization / charity & a regular business should be (the way we spend the profit !) i.e. for a non-for profit organization to succeed we should deal with as a regular business.

bringing a new business idea or starting a successful business from scratch; resemble creativity at its best (in my own eyes). yet we should not limit entrepreneurship only to it.

thanks;

Ahmed

Thanks for the Invite.

Well the difference is very minimal in a way that both use creativity to fill gaps in business or perceiving and grasping opportunities. In creative entrepreneurs they heavily rely in creativity, skills and talents to unlock wealth and they target the creative industry (Creating Intellectual Properties). Creative Entrepreneurs invest in talents of their own or others. They generate ideas and turn them into new products or services.

Business Entreprueners also use creativity at start up but to a very low percentage, in such they operate in a market already developed and they add very few things which doesn't change the market to high extent. They develop new ideas to do a business.

Creative Entrepreneurs

Somebody working in the creative sector who is able to demonstrate business success in the classic terms of business growth (profit, market share, employees) and/or in terms of his or her reputation (creativity, quality and aesthetic) amongst their peers.

Business Entrepreneurship

The capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. The most obvious example of entrepreneurship is the starting of new businesses.

In economics, entrepreneurship combined with land, labor, natural resources and capital can produce profit. Entrepreneurial spirit is characterized by innovation and risk-taking, and is an essential part of a nation's ability to succeed in an ever changing and increasingly competitive global marketplace.

Creative Entrepreneurship-Richard Branson(Virgin Group), Steve Jobs(Apple Inc.

Business Entrepreneurship- Warren Buffet

Read further on these mentioned entrepreneurs , the business model and business skills difference

Dear Marwa,

Creative entrepreneurship is the practice of setting up a business – or setting yourself up as self-employed - in one of the creative industries.

The focus 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. Essentially, creative entrepreneurs are investors in talent – their own or other people’s.

Business Entrepreneurship is the capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. The most obvious example of entrepreneurship is the starting of new businesses.

Regards,

Hany Sewilam AbdelHamid

Head of Business Development | Sales & Marketing

Entrepreneurship Coach & Consultant

Digital & Social Marketing Certified Expert