What are the Differences Between an Intrapreneur and an Entrepreneur?

Video Transcript

1

00:00:06,600 –> 00:00:10,400
Hi everyone, so I still haven’t gotten my tripod.

2
00:00:10,400 –> 00:00:16,500
And so I have to use my hands as the tripod and so I’m just going to

3
00:00:16,500 –> 00:00:20,100
be walking around trying to get everything done while I talk with you.

4
00:00:20,100 –> 00:00:23,900
So today and I don’t know what is going on with this hair.

5
00:00:23,900 –> 00:00:25,500
But I guess it’s not that important.

6
00:00:25,500 –> 00:00:30,400
Anyway, I think one thing is like my hair grows so fast and before I

7
00:00:30,400 –> 00:00:33,100
had these as bangs but now they’re like down here.

8
00:00:33,100 –> 00:00:35,300
So now it’s all confused and doesn’t know what to do.

9
00:00:35,300 –> 00:00:44,400
But anyway, that’s not important management productivity and work-life

10
00:00:44,400 –> 00:00:45,400
balance videos.

11
00:00:45,400 –> 00:00:50,700
And if you haven’t subscribed at this point, please get so now I make

12
00:00:50,700 –> 00:00:55,000
these videos every week hit the notification Bell and let’s get

13
00:00:55,000 –> 00:00:58,700
started talking about the differences between an intrapreneur and it

14
00:00:58,700 –> 00:01:04,200
entrepreneur I talked about what an intrapreneur is what type of

15
00:01:04,200 –> 00:01:06,300
traits someone should have.

16
00:01:06,600 –> 00:01:10,900
And the benefits of being one but today I wanted to break down the

17
00:01:10,900 –> 00:01:14,900
differences between an intrapreneur and an entrepreneur.

18
00:01:14,900 –> 00:01:22,900
So as the name says intro memes internal and Entre means external.

19
00:01:22,900 –> 00:01:29,200
So the main difference is an intrapreneur is working in a company and

20
00:01:29,200 –> 00:01:34,300
entrepreneur either has his or her own company or their acelepryn or

21
00:01:34,300 –> 00:01:34,600
so.

22
00:01:34,600 –> 00:01:39,800
Basically that is the main difference that is easy to pinpoint.

23
00:01:39,800 –> 00:01:42,700
So that is the main difference and what goes with that is the fact

24
00:01:42,700 –> 00:01:48,000
that with an intrapreneur there is less risk because you still have

25
00:01:48,000 –> 00:01:52,500
your company that you’re working with and so you’re able to have the

26
00:01:52,500 –> 00:01:56,600
benefits that go alongside your salary.

27
00:01:56,600 –> 00:02:00,700
And so that means you don’t have to worry about health insurance Life

28
00:02:00,700 –> 00:02:06,500
Insurance Dental retirement Etc with an entrepreneur you have

29
00:02:06,500 –> 00:02:10,500
To be in charge of getting your own health insurance making sure that

30
00:02:10,500 –> 00:02:12,300
you’re saving for retirement as well.

31
00:02:12,300 –> 00:02:13,400
As for tax purposes.

32
00:02:13,400 –> 00:02:18,800
You have to make sure that you’re keeping track of your taxes because

33
00:02:18,800 –> 00:02:23,100
you don’t have a company that’s taking out taxes for you.

34
00:02:23,100 –> 00:02:26,600
So that is one of the things about an intrapreneur is that you don’t

35
00:02:26,600 –> 00:02:29,500
have to worry about that kind of stuff and as well as with an

36
00:02:29,500 –> 00:02:32,700
intrapreneur, but you do have your company.

37
00:02:32,700 –> 00:02:38,200
And so with that you do have the company that’s already set up you

38
00:02:38,200 –> 00:02:44,100
already have a company culture the vision of that company as well as

39
00:02:44,100 –> 00:02:49,300
any processes and procedures you probably will be part of creative

40
00:02:49,300 –> 00:02:51,800
process and procedures or contributing.

41
00:02:51,800 –> 00:02:56,200
But usually that’s something you don’t really have to worry about 100%

42
00:02:56,200 –> 00:03:00,900
with an entrepreneur your starting your company or your solopreneurs.

43
00:03:00,900 –> 00:03:04,500
So you have to create your own processes procedures and everything

44
00:03:04,500 –> 00:03:06,000
that goes along with that and you also

45
00:03:06,500 –> 00:03:08,700
As an entrepreneur how to create your company culture.

46
00:03:08,700 –> 00:03:13,500
You have to really think about what is your why why are you building

47
00:03:13,500 –> 00:03:18,700
this company and make sure that if you start adding employees into

48
00:03:18,700 –> 00:03:22,900
your company that you’re stealing and personifying that company

49
00:03:22,900 –> 00:03:24,200
culture to your employees.

50
00:03:24,200 –> 00:03:31,400
You have the freedom that you don’t have is in Japan where there is

51
00:03:31,400 –> 00:03:32,600
always pros and cons to everything.

52
00:03:32,600 –> 00:03:36,200
So yeah, there is the pro that you have your company behind you but

53
00:03:36,200 –> 00:03:40,900
that the con is that you have to make sure that you’re basically

54
00:03:40,900 –> 00:03:47,400
follow what your company wants or needs as an entrepreneur you have

55
00:03:47,400 –> 00:03:50,600
that freedom to create yourself and I think that is amazing because

56
00:03:50,600 –> 00:03:56,500
you don’t have to be not bogged down by just have to worry about like

57
00:03:56,500 –> 00:04:00,300
what others going to think what others going to do and you don’t have

58
00:04:00,300 –> 00:04:04,200
to worry about like, oh my God, if I say this or that then I can get

59
00:04:04,200 –> 00:04:06,200
in trouble with my company, which is something

60
00:04:06,500 –> 00:04:08,300
You don’t have to worry about as much manure.

61
00:04:08,300 –> 00:04:11,700
I think that that is the freedom that you have is entrepreneur that

62
00:04:11,700 –> 00:04:13,000
you don’t have an intrapreneur.

63
00:04:13,000 –> 00:04:15,100
And also with that.

64
00:04:15,100 –> 00:04:20,200
You also have the ability to start something as an intrapreneur.

65
00:04:20,200 –> 00:04:25,400
Yeah, you’re trying to start something and inside the company, but

66
00:04:25,400 –> 00:04:26,200
it’s entrepreneur.

67
00:04:26,200 –> 00:04:32,300
It’s basically like I will say like The Neverending Story at the end

68
00:04:32,300 –> 00:04:36,300
when they’re creating the world again, that is how it is with an

69
00:04:36,300 –> 00:04:42,200
entrepreneur the intrapreneur if we’re going still with that analogy.

70
00:04:42,200 –> 00:04:45,900
You’re just creating something within that world.

71
00:04:45,900 –> 00:04:50,900
So I think that just having that freedom is just amazing as an

72
00:04:50,900 –> 00:04:57,100
entrepreneur but with as an intrapreneur you still have some freedoms

73
00:04:57,100 –> 00:04:59,900
to create what you want and hopefully

74
00:05:00,900 –> 00:05:05,800
Be part of that company success, but it isn’t full Freedom like you

75
00:05:05,800 –> 00:05:07,500
have as an entrepreneur.

76
00:05:07,500 –> 00:05:10,400
So I think that those are really for the differences between an

77
00:05:10,400 –> 00:05:11,600
entrepreneur and intrapreneur.

78
00:05:11,600 –> 00:05:14,200
They have similarities.

79
00:05:14,200 –> 00:05:20,300
I think the traits of both are the same but it’s just the fact that an

80
00:05:20,300 –> 00:05:24,400
intrapreneur is working for a company and doesn’t have the full

81
00:05:24,400 –> 00:05:28,700
Freedom that an entrepreneur has but on the flip side and entrepreneur

82
00:05:28,700 –> 00:05:34,000
has to basically take care of everything like benefits that includes

83
00:05:34,000 –> 00:05:37,800
like health insurance retirement, which you know that administrative

84
00:05:37,800 –> 00:05:43,900
stuff unless you’re in that field isn’t that exciting to do know what

85
00:05:43,900 –> 00:05:46,400
you think and what you would prefer to be.

86
00:05:46,400 –> 00:05:49,900
Would you prefer to be an intrapreneur or an entrepreneur next week?

87
00:05:49,900 –> 00:05:56,300
I’m going to talk about what a company can do to create a culture that

88
00:05:56,300 –> 00:06:00,700
allows people to have the ability to being into Barnard.

89
00:06:00,900 –> 00:06:05,700
Please stay tuned for that, and if you haven’t connected with me on

90
00:06:05,700 –> 00:06:07,400
social media, please do so.

91
00:06:07,400 –> 00:06:12,200
I would love to talk with you and just connect with you in that way as

92
00:06:12,200 –> 00:06:12,300
well.

93
00:06:12,300 –> 00:06:14,200
So have a good week.

94
00:06:14,200 –> 00:06:18,200
Have a good President’s Day weekend, and I’ll talk to you soon.

95
00:06:18,200 –> 00:06:18,700
Bye.

This is the second video in the Intrapreneur Video Series.  What are the differences between an Intrapreneur and an Entrepreneur? You can definitely start off being one and then transition to the other.  They are very similar with one big difference.  One works in a company while the other is establishing his/her own.

One Comment

Comments are closed.

Skip to content