Hallie and I jump into a fun conversation this week as we explore the concept of intrapreneurship versus entrepreneurship! We define each of them and what makes them different, and the personality traits that tend to go along with each label. Hallie talks about how she discovered she was an intrapreneur, and we provide some ways that entrepreneurs can feel a little less lonely and isolated. We also provide some practical ways to see which one is in alignment with you, so you can best thrive along your journey.
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Timestamps
- [4:23] We are seeing people wake up and decide that they want to be entrepreneurial, but don’t want to be responsible for every single decision and every single expense.
- [6:06] What is an entrepreneur? An entrepreneur is an individual who creates a new business, bears most of the risks, and enjoys most of the rewards. The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, and good services in business/procedures.
- [7:17] True entrepreneurship is actually quite rare, just as true innovation is quite rare.
- [8:10] An entrepreneur and a business owner are not necessarily the same thing. An entrepreneur can be a business owner; however, a business owner isn’t necessarily an entrepreneur.
- [10:09] What is an intrapreneur? Intrapreneurship refers to a system that allows an employee to act like an entrepreneur within a company or another organization. Intrapreneurs are self-motivated, proactive, action-oriented people who take the initiative to pursue an innovative product or service.
- [19:05] Why can it feel lonely as an entrepreneur, and what are some ways to combat that isolation?
- [25:49] Intrapreneurs may not always want to take the lead on things, but they are really creative and not afraid to create a new division or start a new program.
- [26:33] Hallie gives some examples of the intrapreneur/entrepreneur relationship: Sheryl Sandberg to Mark Zuckerberg. Charlie Munger to Warren Buffett.
- [29:56] How can we become aware of which one we are, and use that information to thrive and make sure we are playing in the right arena?
