Yes, yes, this is not a typo. Today we’ll touch on the topic of being an Intrapreneur. How it fits into the concept of modern entrepreneurship and what you can do to set up yourself for success? Our guest this week is Andres Moran, a successful entrepreneur and intrapreneur, who loves to get inside start-ups and come up with innovative ways to find business success.
Andres is all about working with others for a stronger business. Tune in to hear his top business tips and why he feels the value you bring is the strongest indicator of your success.
About Andres Moran:
As the Vice President of Sales and General Manager of Wunderkind Advertising, he knows a thing or two about marketing a successful business. He has more than proved that he is an entrepreneur worth learning from. He is highly experienced in starting successful businesses and isn’t afraid to share his knowledge and help the next entrepreneur in line.
Differences between an entrepreneur and intrapreneur
Here are the differences between an entrepreneur and an intrapreneur:
Definition: An entrepreneur is an individual who establishes their own business based on a new idea or concept. On the other hand, an intrapreneur is an employee within an organization who is responsible for driving innovation in products, services, processes, and more.
Enterprise: Entrepreneurs establish new enterprises from the ground up, while intrapreneurs work within existing organizations.
Approach: Entrepreneurs rely on their intuition and instincts to guide their business decisions. In contrast, intrapreneurs often take a restorative approach, working to improve and revitalize the existing organizational systems and culture.
Works for: Entrepreneurs aim to create a leading position for their business in the market. Intrapreneurs focus on driving change and rejuvenating the existing organizational systems and culture within the company.
Resources: Entrepreneurs utilize their own resources to support their business ventures. Meanwhile, intrapreneurs make use of the resources provided by the company they work for.
Dependency: Entrepreneurs operate independently, with full ownership and control over their businesses. Intrapreneurs, on the other hand, depend on the support and structure of the organization they work for.
Capital: Entrepreneurs raise capital for their ventures through various means, whereas intrapreneurs have their initiatives financed by the company they are employed by.
Risk: Entrepreneurs bear the risks associated with their ventures personally, while in the case of intrapreneurs, the risks are assumed by the company.
Entrepreneurs and intrapreneurs both support innovation and economic growth. While entrepreneurs create new businesses, intrapreneurs play an important role in promoting growth and innovation within already existing businesses, encouraging a culture of creativity, and realizing new concepts.