What’s the difference between an Entrepreneur and an Intrapreneur? and why should I care?
“An Entrepreneur is someone who has the skills, passion and financial backing to create wealth from new business opportunities and is willing to take full responsibility for its success or failure.”
“An Intrapreneur is someone who manages that business with entrepreneurial flare in line with the expectations of the shareholders.”
Immediately we can start to see a difference. The Entrepreneur is typically a visionary who spots an opportunity in the marketplace and has the passion, guile and contact base to set the wheels in motion. The Intrapreneur has passion and drive but also has the operational skills of running the “clockwork” of the business to enable a good idea to be turned into commercial reality. He is the “inside entrepreneur”.
Both “preneurs” set themselves aside from employees in a number of ways but perhaps the most significant is in their relationship with the business. It’s a question of committment over involvement. Employees are involved, “preneurs” are committed. A little bit like the egg and bacon breakfast, the chicken is involved but the pig is committed.
I’m busy setting up a new business and haven’t got time to worry about this. What’s this got to do with me?
There is a very simple answer to this:
Not every small business needs an Entrepreneur, but every business needs an Intrapreneur.
In the same way that the seed of a business idea needs an Entrepreneur to shape and cultivate it, so the Entrepreneur needs the Intrapreneur to pluck from his grasp those seeds of opportunity, convert them in to a viable commercial plan and then manage that plan to a profitable reality.
Without the intrapreneur, ideas entrepreneurs and small business are doomed to fail.
So before you go any further, ask yourself which you are, Entrepreneur or Intrapreneur, and take action accordingly.
Tags: entrepreneur, intrapreneur
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