Review article
https://doi.org/10.38190/ope.12.1.6
Obstacles in starting youth entrepreneurial entreprises in the creative (fashion) industry in Croatia
Helena Bituh
; VERN’ University
Gordana Ćorić
; VERN’ University
Abstract
Due to insufficient knowledge of the specifics of creative industries, entrepreneurial ventures of young people increasingly result in failure, or even in non-starting of an entrepreneurial venture at all because of the risks it entails. The purpose of this paper is to identify the obstacles that young entrepreneurs face when starting a business, which are hindering them from achieving successful business. Thorough research and analysis of support programs for young entrepreneurs, as well as research of knowledge, skills and competencies needed to achieve a successful venture have been performed. Therefore, in order to detect and clearly identify obstacles to entrepreneurship in the fashion industry, examples of good and failed entrepreneurship practices were presented, including semistructured
interview with 5 entrepreneurs from the fashion industry. The results of the research show that although there are numerous support institutions and various grants available to finance the venture, young entrepreneurs are still not sufficiently informed, which leads them to consider the existing support as insufficient. In addition, creative workers lack the entrepreneurial education. They need to be more knowledgeable in business, since they have problems with accessing the market, negotiations, promotion, administration, etc. The results of this paper can help young entrepreneurs and all those
who want to take a chance on entrepreneurship in creative industries, among other things, by referring to the obstacles they may encounter, the obligation to develop basic knowledge, skills and competencies, so as practical recommendations that would facilitate not only starting of an entrepreneurial venture in the fashion industry, but its future development and sustainability as well.
Keywords
starting an entrepreneurial venture; creative industries; fashion industry; young entrepreneurs; obstacles
Hrčak ID:
279738
URI
Publication date:
28.6.2022.
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