Starting a new project is exciting, but there are different ways to do it. Some people like to build something new from scratch. Others like to fix and improve things inside a company that already exists. This is the main difference between an entrepreneur and an intrapreneur.
It is like building a house. One person buys the land and builds the house from the ground up. The other person works on fixing up the kitchen and bathroom inside that house to make it better. Both jobs are important, but they require different skills.
So, how do you know which path is right for you?
Also check: MBA vs. Executive MBA: Which Program Fits Your Work Experience?
Entrepreneur
An entrepreneur is someone who starts their own business. They take a new idea and turn it into a company. They are the owner, and they are responsible for everything.
What do they do?
- They come up with a new idea for a product or service.
- They build the company from scratch.
- They take big risks with their own money.
- They make all the important decisions.
Is this for you?
An entrepreneur is someone who:
- Love taking risks and don't mind not knowing what will happen next.
- Are very independent and like to do things your own way.
- Enjoy the freedom of being your own boss.
- Can start a small business, but hope to make a big one later.
Intrapreneur
An intrapreneur is someone who works inside an existing company but acts like an entrepreneur. They find new and creative ways to solve problems or improve the company's products.
What do they do?
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They are creative and suggest new ideas to the company.
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They work within the company's existing systems.
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They do not take a personal risk with their own money.
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They need to get approval from managers before making big changes.
Is this for you?
An intrapreneur is someone who:
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Like creating new things but prefer the safety of a regular paycheck.
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Enjoy working with others and are comfortable with some rules.
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Would improve a system rather than building from scratch.
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Don't want the financial stress of running your own business.
Comparison
Conclusion
Both entrepreneurs and intrapreneurs have great ideas. The main difference is how much risk and freedom they want. It all depends on what makes you feel comfortable and excited.
The best way to decide is to ask yourself:
Do you want to build an entire business from scratch or to make an existing business amazing from the inside?
Also check: MBA Entrepreneurship vs Business Analytics: Which One Should You Choose?