How Becoming An Intrapreneur Can Boost Your Career
Feeling bored or unchallenged at work is the easiest way to become a disgruntled employee. While our careers can challenge us in many ways, they can also breed complacency and boredom if we get too comfortable. As a result, many employees resort to starting their own businesses. However, for those ambitious professionals with a full-time job that may not necessarily desire to go the entrepreneurial route, becoming an intrapreneur may be the best option.
An intrapreneur is an innovative thinker who applies the principles of entrepreneurship to their own careers. This means using the power of risk tolerance and problem-solving to resolve business challenges in their corporate jobs.
Why should you consider becoming an intrapreneur?
Ideally, everyone would spend their days at the office feeling challenged and motivated to go the extra mile for their company. By taking an entrepreneurial approach to your career, you will challenge yourself to remove self-imposed limits on your potential and avoid becoming complacent in your job.
- Innovation is key
One of the greatest obstacles to career growth is allowing yourself to get stuck in a monotonous, boring routine. Instead of thinking outside of the box, we restrict ourselves to close-minded approaches to work, resulting in complacency in the workplace.
Counteracting this kind of thinking is as easy as adding more innovative cognition into your daily tasks by adopting intrapreneurial behaviours. Whether it’s experimenting with new ideas and concepts or developing new projects, you can use an entrepreneurial mindset to help make a difference where you work.
- Understand your organization
As an intrapreneur, it’s crucial to understand your organization’s challenges. Recognizing and categorizing pain points within your department, as well as the larger company, allows you to gain support for your ideas and streamline improvements.
Spend time researching specific issues in your area of expertise and then expand to other departments applying lessons you have learned from your past experience while offering constructive feedback, as well as potential solutions to recurring problems.
- Create your business plan
In order to truly follow in the footsteps of traditional entrepreneurs, you should create your own business plan that can be directly applied to your career.
Document the problems you’ll be solving as well as potential revenue, cost savings, resources and a timeline. Having a clear list of goals and objectives will help you clarify your strategy and be more intentional with your proposed changes.
- Help evolve the organization from the inside out
While an entrepreneur’s focus is on their business, an intrapreneur’s critical skills and passion are used for the benefit of his or her organization. By building your knowledge, relationships and resources, you can add tremendous value to your organization.
This also allows you to create new opportunities at your company by scaling new initiatives across the organization that can benefit all employees.
- Identify the gaps
A powerful attribute of both entrepreneurs and intrapreneurs is their ability to identify gaps within a given plan or structure.
This can also easily be applied to your own career and goals. Whether you require marketing advice, or you just need to expand your network, find the missing elements of your place, as well as the available resources that will help you reach your business objectives and improve the company overall.
- Be open to experimenting
One common characteristic of both entrepreneurs and intrapreneurs is their love for experimentation. As an intrapreneur, you must not be afraid to fail. Instead, you should understand that failure is not only inevitable but indispensable for any future success.
Just as your company manages shifting customer demands and market shifts, experimenting can help you discover creative ways to stand out and improve the company’s overall market position. It’s also a great way to stay committed to the process by trying new approaches to growth for the company.
- Build a team.
As an intrapreneur, an effective team can serve you as a board of advisors, as well as a resource to help you tackle tasks at hand. As you put together a support team– including a mentor– make sure to keep communication lines open to anyone who might be able to offer valuable insight into your plan.
Overall, becoming an intrapreneur is about using your innovative personal qualities to improve your career and the organization supporting your career.