The State of Entrepreneurship

a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.

These days, it seems like everyone is starting some sort of company. Professionals, college students, even high schoolers have some endeavor of their own, and I don't want to demean that--I just believe that what an entrepreneur really does is getting overlooked as more and more people start calling themselves one.

Take celebrities that start huge brands, for example. Actors and athletes that start clothing, makeup, and shoe lines already have a humongous following of fans and other supporters willing to buy and sponsor their product. Can you really call them entrepreneurs? It's not even possible to say that they've taken advantage of their situation (one quality of an entrepreneur) because their product is similar to so many others, except with their name or face on it.

A true entrepreneur puts their finances and a great deal of their time into the product they create. One such example is Elon Musk & Tesla: the company almost went bankrupt quite a few times over the course of its history since the world had never seen (and therefore had to get used to) an efficient electric car. An entrepreneur builds their dream from the ground up, or with close to no platform at all; the struggle of getting the business up and running is real and should not be ignored.

In my opinion, this "new" definition of an entrepreneur doesn't lead to much success, as you might imagine. I've known a few people who thought they could start a successful business and make it popular because they knew a few city council members. Of course, having those high contacts are an awesome benefit, but fleshing out the details of the product and putting valuable time into scaling the business is much more important.