Title: Understanding challenges and entrepreneurial self-efficacy during venture creation for entrepreneurs in cultural and creative industries

Authors: Daniela Werthes; René Mauer; Malte Brettel

Addresses: Innovation and Entrepreneurship Group (WIN), TIME Research Area, RWTH Aachen University, Kackertstr. 7, 52072 Aachen, Germany ' ESCP Europe, Heubnerweg 8-10, D-14059 Berlin, Germany ' Innovation and Entrepreneurship Group (WIN), TIME Research Area, RWTH Aachen University, Kackertstr. 7, 52072 Aachen, Germany

Abstract: The paper empirically researches the venture creation process for entrepreneurs in cultural and creative industries, whereby the focus is on entrepreneurial self-efficacy and its impact on entrepreneurial behaviour. In doing so, a qualitative case study design is applied, and the venture creation process for ten individual cultural and creative entrepreneurs from cultural and creative industries is analysed. During the process, the entrepreneurs experience varying levels of entrepreneurial self-efficacy, which impacts their entrepreneurial behaviour. When emphasising their business model, cultural and creative entrepreneurs are confident about finding one that matches their skills. When entrepreneurs have to take entrepreneurial action, low entrepreneurial self-efficacy reduces the number of entrepreneurial activities.

Keywords: cultural and creative industries; entrepreneurship; entrepreneurial self-efficacy; cultural and creative entrepreneur; venture creation; qualitative research.

DOI: 10.1504/IJESB.2018.090139

International Journal of Entrepreneurship and Small Business, 2018 Vol.33 No.2, pp.265 - 288

Received: 02 Feb 2015
Accepted: 24 Feb 2016
Published online: 01 Mar 2018 *

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