Why 'Ghostbusters' Should Be Every Entrepreneur's Favorite Movie The movie is 30 years old, but the business principles underlying it are timeless. Really.

By Ray Hennessey Edited by Dan Bova

Opinions expressed by Entrepreneur contributors are their own.

Who ya gonna call for inspiration? Ghostbusters.

The blockbuster comedy is set for re-release later this summer, marking 30 years since it hit the theaters. It is the quintessential summer movie -- filled with action, laughs and slime.

It is also the biggest film ever made about the triumph of the American entrepreneur.

First, in the words of Philip Klein from the Washington Examiner, Ghostbusters is "the most libertarian Hollywood blockbuster ever made." After all, the government was helpless to deal with all of the ghosts terrorizing New York City, but at the same time it was resentful that a private enterprise was charging folks to do just that.

Related: The 15 Ronald Reagan Quotes Every Business Leader Must Know

But, beneath the politics of the movie is a story that is true to many entrepreneurs. Ghostbusters is, after all, a company. It is formed and incorporated by scientists Peter Venkman (Bill Murray), Raymond Stantz (Dan Aykroyd), and Egon Spengler (Harold Ramis), who take a risk to leave the cushy life of academia make money on their idea.

To a large extent, they get business wrong. They spend poorly, renting a dilapidated, abadoned firehouse that is out of their price range simply because they like sliding down the fire pole. They buy an old ambulance as their primary vehicle, apparently spending more on the logo than they do on the siren. They hire a secretary even though the phone never rings. And, as they admit, they spend the last of their petty cash on chinese food.

Soon, they have doubts. There are no customers. There are not enough ghosts...yet.

Then they get a call. A real one. And the business suddenly booms. They even adapt to their growth by making a key addition to the executive team, bringing on Winston Zeddemore (Ernie Hudson).

Once cash starts coming in, they turn to marketing and public relations. They are on television news and talk shows. They make the cover of magazines. More business rolls in.

Related: We Are Flawed, Erring Humans. Don't Blame Google.

Then, all starts to go wrong when the government steps in. Unlike most Hollywood fare, the real villains of Ghostbusters are the regulators, who dismiss the benefits of the innovation the company provides in favor of strict adherence to the rules. It is the Environmental Protection Agency that shuts down Ghostbusters for not having the right waste-handling permits, ignoring that there are ghosts flying around the city and no other entity fit to deal with them. The EPA shuts down the containment system and releases havoc on New York.

In the climax, only the government allowing the private entrepreneurs to use their technology and innovations can stop the Stay-Puft Marshmallow Man from destroying the city. (This was, after all, pre-Bloomberg. Mike would have simply banned the Stay-Puft giant for making kids too fat.)

In short, many entrepreneurs are just like Venkman, Stantz and Spengler. They innovate. They take a risk. They struggle and fail. They battle back. They overcome hurdles and they triumph. Sometimes they even get the girl.

And they are often fearless. They ain't afraid of no ghosts.

Related: What Nannies Teach Us About Smart Regulation

Ray Hennessey

Former Editorial Director at Entrepreneur Media

Ray Hennessey is the former editorial director of Entrepreneur.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Growing a Business

'Boring' Businesses Are Making Millionaires — and You Can Borrow Their Strategies For Success

The silent growth strategy reveals how understated, steady businesses are quietly creating wealth for entrepreneurs in 2025. By focusing on long-term consistency and incremental progress, these "boring" industries are proving to be gold mines for those willing to embrace stability over hype.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Science & Technology

Private Equity Firms Must Embrace These Cutting-Edge Innovations to Stay Competitive

Here's why private equity firms that invest in cutting-edge technology will be best positioned to navigate market challenges and seize new opportunities.

Business News

These Are the Highest-Paying Jobs Best Suited for Introverts, According to a New Report

Do you consider yourself an introvert? Here's how to find the best jobs (with the highest pay) suited for your personality.

Business News

Microsoft Leaked Internal Survey Reveals How Software Engineers Really Feel About Their $205,000 Median Pay

Is working at Microsoft a good deal? An internal survey shows how employees view the company.