Unfortunately, the U.S. is starving when it comes to entrepreneurism. People would rather have a steady paycheck than to pursue a business venture inherent with risk. Perhaps our American culture that places such a high value on academic degrees, high-paying jobs, and certain status symbols does not properly reward or encourage entrepreneurs.
In China however, entrepreneurism is rampant. The government provides subsidies, tax-benefits, and other economic incentives which promote entrepreneurism targeted to certain sectors. And even if they didn’t provide such incentives, because the average per capita income in China is about 21,700 元 (roughly $3,200 USD) the Chinese have a different value set when it comes to needs and wants. (That is not to say that our Beijing and Shanghai friends don’t love to shop — they do.) But for the rural and average Chinese, a high disposable income is a dream worth dreaming — hence the high levels of entrepreneurship in China.
Now just to be fair – entrepreneurs come in all shapes and sizes. A Chinese farmer who spends $1,000 USD to buy livestock is just as much of an entrepreneur as a person who spends $80,000 USD in developing a new makeup line. An entrepreneur is someone who organizes a business venture and assumes the risk for it, someone who can visualize the skyline while standing amidst the hustle and bustle of a city street. Someone who can see the forest for the trees.
Most people have a talent, skill, or an idea that can be exploited for a profit. As long as it is legal, why not try it?