Top 10 External Motivators for Aspiring Entrepreneurs

Entrepreneurship is a path filled with both excitement and challenges. Understanding the external factors that drive one to pursue this journey is crucial. Here, we explore the top 10 external motivators that can inspire young entrepreneurs, based on the experiences of a 21-year-old individual.

1. Family Debt/Struggles

For many aspiring entrepreneurs, the desire to alleviate financial burdens and provide security for their families is a powerful motivator. This could be a direct result of personal experiences or an intervention by well-meaning family members. The need to create a stable financial environment often serves as the catalyst that propels one into entrepreneurship.

2. A Big House with a Grand View and Pool

The lifestyle aspect of entrepreneurship is often a significant motivator. The desire for a luxurious home with a stunning view and a pool can seem more like a dream than a reality. For some, the vision of waking up to breathtaking views and the promise of financial freedom associated with such a home can be extremely motivating. This is particularly compelling for those who yearn for a better quality of life and the wealth that comes with it.

3. Mountains and Good Weather

Beautiful surroundings play a crucial role in the mental and emotional health of an entrepreneur. The desire for a peaceful environment with natural beauty, such as mountains and good weather, can provide the necessary balance and inspiration. Living in a location with a perfect climate can help in maintaining a positive outlook and maximizing productivity.

4. A Fleet of Tesla Cars – Young and Balling!

The pursuit of luxury and status can drive many entrepreneurs to achieve more. Owning a fleet of Tesla cars can represent status and success, and the phrase "young and balling" (meaning financially successful and enjoying life) captures the essence of this motivation. For those who value material possessions and social status, the desire to attain such a lifestyle can be incredibly motivating.

5. Eventually, Starting a Family

The desire to establish a family is a natural and significant life goal for many. For entrepreneurs, creating a secure financial foundation before starting a family can be a top priority. This motivation often stems from a desire to provide the best possible start for their children. By ensuring financial stability, entrepreneurs can give their children the opportunities they may not have had or dreamed of having themselves.

6. Death and Life

Personal mortality and the fragility of life can be powerful motivators for entrepreneurs. Events such as the death of a loved one or simply the awareness of one's own mortality can lead to a realization that life is short and should be lived fully and productively. This realization can drive entrepreneurs to work harder and strive for success in their careers.

7. Freedom

The freedom to make one's own decisions and live life on one's own terms is a major motivator for many entrepreneurs. Breaking free from the constraints of a traditional 9-to-5 job and being in control of one's time and resources can be incredibly appealing. For those who value independence and autonomy, the freedom to choose their own path can be a primary driver.

8. The Amount of Opportunities Available

The abundance of opportunities available in the entrepreneurial world can be a major motivator for many. The possibility of unlimited growth, learning, and achieving success can be incredibly appealing. Entrepreneurs are often drawn to the idea of tapping into these opportunities to build a career and achieve their dreams.

9. Younger Siblings – Setting a Good Example

The desire to set a positive example for younger siblings can serve as a strong motivator. Many entrepreneurs are driven by a wish to help their siblings avoid the financial struggles or other challenges that they themselves have faced. By setting a good example, entrepreneurs can inspire and guide their siblings towards a better future.

10. My Mom’s Expectations

The pledge to fulfill one's mother's expectations is a powerful motivator for many entrepreneurs. Giving her the assurance of their future success can be a deeply personal and emotional drive. This commitment to success serves as both a motivation to work harder and a source of pride and fulfillment when achieved.

Conclusion

Becoming an entrepreneur is a journey driven by a multitude of external factors. The top 10 external motivators, as outlined above, cover a range of personal, emotional, and financial drivers. Understanding and reflecting on these motivators can provide valuable insight into what drives one's entrepreneurial journey and can help in setting clear, achievable goals.