Like this article? PLEASE +1 it! Evan Signature
Evan Carmichael Top Header
Share for a Cause









Companies Stifle Intrapreneurs At Their Own Risk

Written by: Tim Knox

Article Overview: I've noticed an interesting trend lately. Usually the e-mail I receive in response to this column comes from rookie entrepreneurs or established business owners seeking my input on startup matters, financing, employee relations, general management and leadership issues, policy matters, etc. Lately, however, many of the messages are coming from employees of medium-size and large companies who are interested in starting a business of their own.

Free Download - Whats In A Name When It Comes To Your Business Plenty By Tim Knox
Name: Email:

Companies Stifle Intrapreneurs At Their Own Risk

I've noticed an interesting trend lately. Usually the e-mail I receive in response to this column comes from rookie entrepreneurs or established business owners seeking my input on startup matters, financing, employee relations, general management and leadership issues, policy matters, etc.

Lately, however, many of the messages are coming from employees of medium-size and large companies who are growing frustrated at working in an environment that they deem (to quote one e-mail) "Intellectually stifling and (that) offers few challenges of one's creativity and innovation.''

These folks are asking how best to move from being someone else's bored employee to coming into their own as an excited entrepreneur.

These people are called "intrapreneurs," and their ranks are growing, which should be of great concern to the employers who have either been unaware that they existed or have chosen to ignore them in the past.

By definition, intrapreneurs are employees who think with an entrepreneurial slant. Instead of just doing their jobs by the numbers, intrapreneurs approach every task with an entrepreneurial mindset.

They are always thinking of ways to improve products or processes. They are innovators, creative thinkers, and are quite often viewed by management as squeaky wheels. Unfortunately, intrapreneurs also are often seen as troublemakers and hard to manage because they push the envelope of what's expected from a traditional employee.

Most big companies don't want employees who think independently. They don't want employees who think outside of their job description, as intrapreneurs are prone to do. I know this from personal experience, but that's a whole 'nother column.

The primary difference between entrepreneurs and intrapreneurs is that the intrapreneur would be just as happy to spend his life as someone else's employee if the working environment nurtured and supported his efforts. Intrapreneurs do not want to become entrepreneurs.

They are perfectly happy working for someone else if the environment offers opportunities for advancement and growth based on initiative and creativity, not just on years punched in.

Sadly, most big companies do not know how to nurture their intrapreneurs. Just the opposite is more the norm: They give employees a policies manual and tell them to toe the line.

They hand you a written job description and expect you to operate within its parameters. When I quit my last real job some 10 years ago, my reason for doing so was that the corporate environment was just sucking the genius and the life right out of me. It's something I hear every week now from intrapreneurs.

Intrapreneuring is nothing new. As long as there have been employers and employees, there have been intrapreneurs. But the Internet boom spawned a new generation of free-agent-minded employees who want the mental rewards and freedom of working for an entrepreneurial venture, and the financial stability of working for an established company.

Just because the Internet boom went bust does not mean the mentality of this generation of entrepreneurially minded employees has changed.

To the contrary, intrapreneurs are now part of practically every midsize to large organization, and they are biding their time and watching for opportunity while on the company payroll. This new generation of employees brings a change in the workplace mindset - from one of "serial employment" to one of "entrepreneurial advancement."

The only way to convert the focus of these employees, who are usually the most talented people within the organization, is to give them what they want - the opportunity to excel and grow within an environment that appreciates entrepreneurial thought. When intrapreneurs are allowed to flourish, the entire company will follow.

We are in the age of ownership, where everyone from the CEO to the janitor has more opportunities and options than ever before. We demand ownership in our lives and in our careers. The gold watch has been replaced by the brass ring.

Here's to your success.

Related Articles
  Business Acumen Boot Camp is not for Sissies
  MANAGING RISK
  Risk Assessment & Analysis Techniques
  If you are going to buy a business, you need to accept business risk.
  Auto Insurance Companies Write Off High Risk Drivers

Home > Starting-A-Business > Tim Knox > Companies Stifle Intrapreneurs At Their Own Risk
Article Tags: business owners, challenges, creative thinkers, creativity and innovation, e mail, employee relations, entrepreneur, entrepreneurial mindset, general management, innovators, intrapreneur, intrapreneurs, job description, leadership issues, medium size, personal experience, slant, squeaky wheels, troublemakers, working environment

About the Author: Tim Knox
RSS for Tim's articles - Visit Tim's website

Tim Knox, Entrepreneur, Author, Speaker, Radio Host Founder, The Insiders Club, Giving You The Power To Start Your Business Today www.theinsidersclub.com Bestselling Author of: "Everything I Know About Business I Learned From My Mama" www.timknox.com

Click here to visit Tim's website
Dashed Line

More from Tim Knox
How Good Is Your Big Idea
Choosing A Business Thats Right For You
Boy What Were You Thinking
What Can American Idol Teach You About Business
How To Tell If Your Amazing New Product Idea Is Really Worth Gambling On


Related Forum Posts
Profiling Famous Women Entrepreneurs Profiling Famous Women Entrepreneurs - Great suggestion Leanne! The PROFIT Companies are always great sources!
How to valuate a business How to valuate a business - Hi Garth - here is how we did it at Northern Crown Capital when I was helping them raise venture capital for Toronto-based entrepreneurs. Assume the start date is 2003 so 2008 projections are 5 years out: How Northern Crown Capital Valuates a Business 2008 Financial Projections Earnings Before Tax $5,865,000 Tax Rate 42% Taxes $2,463,300 Net Earnings $3,401,700 Amount Seeking to Raise Today $3,500,000 Discounted Value of Future Opportunity, 5 Years Out 2008 P/E Ratio 15 Value of Company in 2008 $51,025,500 Discount Rate Applied 30% Year 2008 $51,025,500 Year 2007 $35,717,850 Year 2006 $25,002,495 Year 2005 $17,501,747 Year 2004 $12,251,223 Value of Company at Investment in 2003 $12,251,223 Less: Investment Amount $3,500,000 Present Value $8,751,223 Discount for Risk & Private Company 40% Less: Discount for Risk & Private Company $3,500,489 Private Company Value $5,250,734 Present Value (What the Owner Keeps) $5,250,734 60.00% Financing (What the Investor Gets) $3,500,000 40.00% Total $8,750,734 100.00% I hope this helps!
Show the Benefits Show the Benefits - Offer a free test drive of the Product or Service with a Money Back Guarantee - Take the Risk out. This will help them make the decision but you have to work with them to realize it by explicitly state the benefits they are receiving.
How much is social media part of your marketing strategy? How much is social media part of your marketing strategy? - Companies are ready to jump into social media to take "advantage", but what's lacking in most social media programs is an actual strategy. What are your tactics regarding this and how much time and budget do you invest?
Home-based Business Home-based Business - signed my first 200 customers while I worked from home. You can make it work. Many small businesses do, i.e. interior designers, AC/Heating Companies, moving companies, Plumbing companies, painters, landscapers, web designers, Mobile car mechanics, Computer Techs, online retail businesses, Pool cleaners, Home Repair, Telemarketers, electricians, Artists, etc


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.



Featured Article


Bottom Footer
Share for a Cause












Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Name:
Email:
Popular Articles

Promoting your company and self with verve

Coaching Tip: Identify Your Core Values

Join Conversations Politely, Part 1

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.