Cultural entrepreneurship is set of values, beliefs, and behaviors that aid creativity, innovation, risk-taking.

Dr Olawale Stephen Oyebanji thank you for your contribution to the discussion

Cultural entrepreneurship is an emerging discipline that examines how cultural products and cultural activities have an impact on the growth of local, national, and global economies. Ability to take a risk starting any new venture involves a considerable amount of failure risk. Therefore, an entrepreneur needs to be courageous and able to evaluate and take risks, which is an essential part of being an entrepreneur. The main associations considered when talking about cultural entrepreneurship are the ones with talent, creativity, cultural innovation. Another aspect analyzed by the literature is the relationship to financial education and skills. The relevance of all these elements is obvious. By using a specific and frequently underserved market, cultural entrepreneurship may provide economic opportunities. This benefits the community by producing employment and income.Possessing those effective characteristics as an entrepreneur can also help you create a successful business that you can sustain. Knowing which is essential to maintain your business and how to implement them can also help create positive relationships with those you interact with daily. Entrepreneurship is a dynamic and creative process that involves innovation, risk-taking, and opportunity identification. Successful entrepreneurs possess a unique set of characteristics, including innovation, risk-taking, creativity, passion, flexibility, self-motivation, and leadership.