Posts tagged - entrepreneurship

8 Tips To Help You Become A Successful Intrapreneur

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Last week, I defined intrapreneurs as employees who think and act like entrepreneurs, but inside a company. We do our best to actively contribute to achieving the goals of the company. This week, I’m going to cover some ways to think more like an intrapreneur and how to be successful at it.

Ask questions
To clarify, you need to ask the right questions. What problem can you solve? How can you help your team? Your department? The company? Can you implement a new tool to make your deliverables better? Also, it’s important to ask what types of things your customers want or need.

Actively look for products, services, or processes you can improve.
There’s usually a way to improve a product or service. If you can make it cost less than what is currently being offered, then you can help the company increase revenue.

You can also come up with variations on current products or services that can be sold as innovative, new features and upgrades. The same is true about processes. Modifying and streamlining a process can also save a company money.

Look for ways to improve quality
Who doesn’t like to get great quality for their money? Improving quality without adding cost, or keeping costs low, can be a competitive advantage. You can always improve quality. Usually, it is just a matter of the actual cost of doing it.

Get uncomfortable and think outside the box
In fact, just imagine there is no box or limit to your ideas. Step out on the edge and find that crazy, edgy idea. Give them the unexpected. You can create something that’s useful as well as inspirational.

Just make sure you think your ideas all the way through. Write them down, create an action plan, and fine-tune the idea to make sure you have something that’s workable.

The best things in life are discovered when we step outside of our comfort zones.

Get feedback about ideas before presenting them
Find friends or coworkers who can help you discover flaws in your solution before it’s proposed. Many times they’ll ask the challenging questions management or even customers will ask. So, feedback is key.

With that said, it’s important to keep ideas away from potential “enemies” as long as you can. Great ideas that will make you shine more, will also make someone else shine less.

Present your idea through a strong plan
Make sure you have a plan to implement your idea, one that includes steps, costs, etc. A plan will also help you to track your progress. This is a crucial point to succeeding as an intrapreneur.

Get support from a key player, especially an upper level manager
Nothing will help your cause more than a manager who believes in you and is willing to support and sponsor your idea. It also helps if your idea will help that senior manager with something he or she needs.

Don’t get disheartened at rejection
Keep going. Modify your current idea or create a new one. One of the things that will stand out the most, especially to leadership, is your tenacity and the fact that you don’t give up.

So there you have it. Eight tips to guide you as an intrapreneur.

What other tips can you add to this list? What advice do you have that can help budding intrapreneurs?

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Are You An Intrapreneur?

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I’ve always been the type of person who feels the need to push the boundaries of innovation, especially when it comes to using technology to enhance whatever role I happen to be in at that particular time.

This is one reason I tend to get bored quickly with whatever position I’ve occupied a company, whether it was technical writing or instructional design. These are great fields in which to have a career, and they do allow for a degree of creativity, especially instructional design. However, that’s not enough for me.

I’ve come to realize that I have more of an intrapreneurial spirit.

What is an intrapreneur?
Investopedia.com defines it as “an inside entrepreneur, or an entrepreneur within a large firm, who uses entrepreneurial skills without incurring the risks associated with those activities.” Entrepreneurs create and lead new businesses, intrapreneurs create and lead new innovations, products, services, etc. inside a company.

This is so me! I love being assigned to special tasks or projects and develop them as if I was an entrepreneur. This is one of the reasons I’m embracing my new role leading research and development in the ed-tech company for which I work.

So What Does This Mean?
I get to use the company’s resources and capabilities to research and develop tools, and technological advances, then help turn them into a profitable solutions for the company. How cool is that? I feel as though I was made for this role!

Many times being an intrapreneur will provide you with greater job satisfaction. Think about it, you’re not only able to maximize the use of your creativity, but it generally means taking on the role of a leader. This allows you to actually make a meaningful impact in the company as well as build your credibility as an industry expert.

Is This An Option For You?
Being an intrapreneur could be the best option for you if you’re the type of person who continually feels the need to do something different. It’s a role that lets you embrace your passion for whatever it is that you want to do. For me, that’s education technology. For you it could be library science or marketing.

I get to use my natural curiosity and communications skills to satisfy my urge to do something different and control my own career. Plus, I can do it without worrying about making a huge career change.

Companies Need Intrapreneurs
We take the initiative and use our entrepreneurial spirit to help build the company’s competitive solutions through innovation and our out-of-the-box thinking.

This makes us some of the company’s most valuable employees, which can only improve our job security and hopefully improve our earnings potential.

What about you?
Are you bored or unsatisfied in your current role, but still like the company you’re working for? Do you feel there’s an opportunity for you to be an Intrapreneur within your company?

I’d love to read what you think about intrapreneurship.

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