An intrapreneur works at a large company but acts like the leader of a startup. They typically manage a small team and/or have complete ownership over a product or initiative that’s separate from their organization’s “core” business. There are several other key differences as well.
Look up “intrapreneur,” and Google will ask if you meant to search for “entrepreneur.” But this position is slowly becoming more well-known as companies around the world use it to drive internal innovation and keep up with their startup counterparts.
Entrepreneur vs. intrapreneur
An entrepreneur runs their own company. They have complete freedom and responsibility -- for better or for worse. An intrapreneur is responsible for innovating within an existing organization (usually a big one). While intrapreneurship is less risky, it also comes with less autonomy. The pay-off from a successful product or idea is also usually smaller. Here's how to decide whether intrapreneurship is right for you ...
The benefits of intrapreneurship
To many, being an intrapreneur holds a lot of appeal. Intrapreneurs get much of the rewards of entrepreneurs -- visibility, money, power, learning opportunities, connections, and maybe most importantly, the chance to create something new -- without much of the risk -- bankruptcy, major failure, etc.
A successful intrapreneur is hugely valuable to their employer, which means they receive high salaries, tons of benefits and perks, and leverage.
Questions to ask yourself:
- Would I rather have the resources and support of a large company or the freedom of running my own?
- How important is job security to me?
- How tolerant of risk am I?
- Do the responsibilities of managing my own business scare or excite me?
- Can I navigate an existing culture, or would I prefer to create my own?