Intrapreneurship in not talked about as much in business circles as entrepreneurship. It is perhaps equally as valued however, by those who own their own businesses. To understand why, it is important to first understand exactly what intrapreneurship is.
What is Intrapreneurship?
The term is used to describe a skill set that is very similar to entrepreneurship, yet used inside an already existing company. The difference, of course, is that entrepreneurship is used to create profit outside of an already existing company.
Both recognize profit making opportunities and possess what it takes to take action on those opportunities, one just does so from inside a company that is already in place and from under the ownership of that company.
Intrapreneurs work from within the confines of existing limits, while entrepreneurs are on their own. In some ways intrapreneurship, though more limited, is easier due to the pre-existing support that those limits offer.
Why Employers Like Intrapreneurs
For employers, this is skill set that is often attractive in an employee. Those employers that value new ideas and being on the cutting edge of the industry will appreciate an employee that is willing to step out and make these things happen.
If allowed, an intrapreneurial focused work culture can promote significant growth.
How to Get Intrapreneurial Employees
Employees that possess these skills are attracted to businesses in which these skills are appreciated. How do you show that is the type of company atmosphere your business has to offer?
Create a company culture where employees believe their work is meaningful. If they believe this, they will strive to do better, and these skills will be put to use. Provide them with new and interesting tasks, and give them the freedom to determine the best way to accomplish them.
Respect them, and respect their time. If an idea doesn’t work, don’t make it the end of everything. The attitude at the top has a major effect on any business, and in these situations this is even more the case.
Biz2Credit can help you find the financing you need to support those intrapreneurs within your business. Our network of lenders offers small business loans of all types. Whether you are just getting started, need new equipment, or are looking to grow and expand, our lenders have what you need. Visit Biz2Credit.com today to see how we can help your business.