HOW DID SHAKESPEARE EARN MONEY

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HOW DID SHAKESPEARE EARN MONEY

Unraveling William Shakespeare’s Great Business Feats

William Shakespeare was an undeniably brilliant man, long celebrated as one of English literature’s most prolific and accomplished figures. But what few people realize is that Shakespeare was also a shrewd businessman, setting the foundation for an empire that has flourished for centuries. Unraveling the mystery of his successes yields valuable lessons even in this day and age.

The Formidable Founding of a Restoration Favorite – The Globe Theater

One of Shakespeare’s greatest achievements in the business of entertainment was the establishment of The Globe Theater in 1599. He took loans from fellow investors to purchase a theater, hire staff, and fund several renovations. By 1613, the Glasgow theater had become world-renowned, with visitors and well-known actors from all over the globe coming to perform and view performances of Shakespeare’s plays.

A Clear Picture of the Financial Interests Involved

The original Globe Theater was funded exclusively with borrowed money, and it is clear that Shakespeare’s investments paid off in dividends. In the 19th century, an illustration surfaced which provided richer context around the money and interests involved according to records from June 1610. Evidently, four separate individuals loaned a total of £ 140, to be repaid with interest by the end of the term. By 1613, the Globe Theater had become such a success that individuals and industries outside the theater business had started to invest in it.

It is clear then, that The Globe Theater earned returns of 190%, demonstrating Shakespeare’s foresight and appreciation of the value of the theater business. In fact, the investment returns were so impressive that the theater was rebuilt after the 1613 fire and is still operational today, making it the oldest, functioning theater in the world.

The ‘Profit’ of Writing – and Re-Writing – Plays

The success of The Globe Theater was undoubtedly closely related to William Shakespeare’s iconic writing and adaptations. He penned some of the most renowned and oft-revived works in English literature, with plays adapted for theater, film, and TV often considered timeless classics.

Shakespeare didn’t just create works from scratch; he also adapted and rewrote other works to make them suitable for the stage, often making them into comedies. This practice allowed him to take an existing script and make it his own, earning him extra income. Clearly, then, Shakespeare had an acute appreciation of the value of his work and of the value writ large of the playwriting and entertainment business.

FAQ

Q: What was the original funders of The Globe Theater?

A: The original Globe Theater was funded exclusively with borrowed money. Four separate individuals loaned a total of £140, to be repaid with interest by the end of the term.

Q: How did William Shakespeare earn money?

A: William Shakespeare earned money by penning his own works, as well as adapting and rewriting existing plays. Not only did he benefit through the sales of his plays, but the popularly of his work enabled the Globe Theater to become a major success.

Lessons from the Bard

One of the most valuable lessons in the business world that can be taken from William Shakespeare is the power of creativity and risk taking. By investing money to purchase and renovate The Globe Theater and produce works that pushed the boundaries of theatre, Shakespeare created a business empire that has withstood the test of time. Furthermore, his reworking of already existing plays is a testament to the appreciation of the value of existing resources.

It is this mix of creativity and risk-taking that has allowed Shakespeare’s works to stay alive and well in modern times, and that exact combination of resources, tactics and effort that any successful business should endeavor to possess.

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