Have you ever had an idea and wanted to start your own venture but are not yet ready to take all the risks that come with it? Intrapreneurship might be the right role for you then!
Intrapreneurship, the term was coined in 1978 by Gifford Pinchot III, with the thought that one did not have to quit a company or take a massive financial risk to fulfil their dream of inventing a product or service. If put across in the most simple manner, an intrapreneur is an entrepreneur, but within an organization or while being part of an enterprise.
An intrapreneur identifies an opportunity in the market within the realm of the industry they work in and finds and innovates a product or service to fill the gap and create profits in return for the company they work for!
Whilst intrapreneurship seems to be an easier role to don than an entrepreneur, one needs to make sure they are aware of the differences between them, have the right traits and the correct attitude to carry it off.
Let’s have a look at some of the most desirable characteristics of a successful intrapreneur:
It’s the curiosity to know beyond the obvious that leads them to want to innovate.
Intrapreneurs, in general, are highly creative people. They thrive on the constant need to create new and innovative solutions that go undetected by big organizations.
what makes Intrapreneurs stand out from the rest of the crowd is their eagerness and ability to be proactive instead of reactive!
Having a passion for things is essential for entrepreneurs and Intrapreneurs alike. The passion for pursuing a goal and seeing through its completion makes one a successful intrapreneur.
Only a true visionary can make a successful intrapreneur. One needs to have the knack to have a vision about the company’s future to work backwards and turn it into a reality!
Just like an entrepreneur, even an intrapreneur will have a lot of people tell them they can’t do it; however, they need to stay in their confidence, continue to have faith in themselves and keep carrying on!
This one goes without saying, but a life of an intrapreneur, especially in the beginning, requires them to be on their toes and their productive best constantly!
As an intrapreneur, there will constantly be evolving situations. In such an environment, being adaptable is almost an essential attribute, or it can become difficult for one to pursue this kind of role and gain success in it.
Have you ever met or known of an entrepreneur who does not network or doesn’t know at least half a dozen people from the industry on 1st name basis? Probably not! This trait is as important for an intrapreneur as well to liaise with various people across networks for the best results for their product or service!
Last but one of the most crucial ones is to be resilient! There will be obstacles thrown at you, left, right and centre, but you have to know how to fall and get back up! Positively take criticism and work on it instead of letting it be your downfall!
To know whether being an Intrapreneur is the best fit profile for you or not, take the personality test designed by Wealth Dynamics to help people identify their traits and choose the career path accordingly.