There are many possible situations where a potential entrepreneur doesn’t get a chance to establish or fund his or her own business and is forced to work in an organization. In this case they are referred to as ‘Intrepreneurs’ i.e. entrepreneurs within an organization. These individuals are also entrepreneurs because they don’t share the typical “employer employee” relationship with their bosses; instead, they operate just as collaborators and are treated as visionaries in the organization.
Sometimes, such individuals themselves aren’t aware of their talent and hidden skills. The organization needs to identify these talented people and then encourage these individuals to exercise their entrepreneurial abilities to the benefit of the organization otherwise such people eventually will get frustrated over the routine life and will leave the organization or start their own businesses to pursue their ideas.
How an Entrepreneur differs from an Intrapreneur?
An entrepreneur is a person who enters a venture through a startup model of business and tries to establish it. This is done while taking risks of bringing together the factors of production to address a cause and making a profit out of it at the same time.
An intrapreneur, on the other hand, will tend to work within an existing organization to pursue the exploitation of business opportunities, in the absence of available business capital, infrastructure or clear direction.