What Is The Difference Between Entrepreneurship And Intrapreneurship

Difference Between Entrepreneurship And Intrapreneurship

Entrepreneurship Vs. Intrapreneurship (The difference)

There are many differences between entrepreneurship and intrapreneurship. Entrepreneurship is about starting a new business or enterprise, while intrapreneurship is about innovation and creativity within an existing organization. Entrepreneurs are typically motivated by the opportunity to create something new and different, while intrapreneurs are more focused on improving their organization’s performance. Entrepreneurs are often risk-takers, while intrapreneurs tend to be more risk-averse. Become an entrepreneur or get opportunities to work as an intrapreneurship with an online digital marketing course and placement assistance in this field.

Difference Between Entrepreneurship And Intrapreneurship
Difference Between Entrepreneurship And Intrapreneurship

Let’s understand, what are entrepreneurship and intrapreneurship and what is the major difference between them. Keep in mind that before taking any decision for your future career you must know the difference between entrepreneurship and intrapreneurship.

Now, let’s start understanding what is what;

What is Entrepreneurship?

Difference Between Entrepreneurship And Intrapreneurship
Entrepreneurship

Entrepreneurship is the process of designing, launching, and running a new business or enterprise. Entrepreneurs are typically motivated by the opportunity to create something new and different and by the prospect of financial rewards. They are often willing to take risks to achieve their goals. There are many different ways to define entrepreneurship. Some experts focus on entrepreneurs’ characteristics, while others focus on the activities or processes they engage in. One common definition of entrepreneurship is the “ability to see opportunity where others see only risk.” Entrepreneurs can identify opportunities for new products, services, or businesses and then take the necessary steps to launch them. Other experts define entrepreneurship more narrowly as the “process of designing, launching, and running a new business or enterprise.” This definition emphasizes the role of entrepreneurs in creating something new and different rather than simply taking advantage of existing opportunities. Regardless of its definition, entrepreneurship is a key driver of economic growth and innovation. It is responsible for creating new businesses, expanding existing companies, and introducing new products and services. Entrepreneurship is also a major source of jobs. In the United States, small businesses account for more than half of all private-sector employment.

Read also : Low cost business ideas with higher profit

What is Intrapreneurship?

Difference Between Entrepreneurship And Intrapreneurship
Intrapreneurship

Intrapreneurship is a term that has been used in business circles for many years, but its meaning is often misunderstood. Put, intrapreneurship is the process of bringing entrepreneurial thinking and behavior into a large organization to drive innovation and change. However, this definition doesn’t do justice to the complexity of what intrapreneurship entails. For you to get a deeper understanding of this, it’s helpful to consider its three key components:
Thinking: This refers to the mindset that intrapreneurs bring to their work. Intrapreneurs are creative problem-solvers who always look for new and better ways to do things. They are passionate about their work and have a strong desire to impact the world around them positively.
Behaviour: This refers to the way intrapreneurs go about their work. Intrapreneurs are risk-takers who are not afraid to experiment and try new things. They are often described as ‘change-makers’ or ‘disruptors’ because they are always looking for ways to challenge the status quo.
Impact: This refers to the results that intrapreneurs can achieve. Intrapreneurs create value for their organizations by coming up with new and innovative ideas that turn into reality. They are often seen as ‘thought-leaders’ or ‘visionaries’ because they can see things others cannot.
So, what does all this mean for organizations? Well, simply put, intrapreneurship has the potential to transform the way organizations operate. By harnessing the power of entrepreneurial thinking and behaviour, organizations can unlock a world of new possibilities. There are many advantages that organizations can gain by embracing intrapreneurship. Perhaps the most significant benefit is that it can help to drive innovation and change. In today’s fast-paced and ever-changing world, organizations need to innovate to constantly stay ahead of the competition. 
Intrapreneurship provides a framework for organizations to do just that.
The Benefits of Entrepreneurship. As an entrepreneur, you enjoy many benefits that those in traditional jobs don’t. You get to be your boss, set your hours, and make your own decisions. And while it can be a lot of work, it can also be very rewarding.

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Here are some of the top benefits of Entrepreneurship:

1. You’re in control.

As an entrepreneur, you’re in charge of your destiny. You get to decide what you do and how you do it. If you want to change something, you can. If you don’t like how something is going, you can change it. You’re in control of your success or failure.

2. You can be creative and innovative.

Entrepreneurship gives you the freedom to be creative and innovative. You can develop new products or services that solve problems for your customers. And you can do things differently than anyone else is doing them. This way, you can stand out from the crowd and be successful.

3. You can make a difference.

As an entrepreneur, you have the opportunity to make a difference in the world. You can develop products or services that improve people’s lives. And you can create jobs and help grow the economy.

4. You can earn more money

Entrepreneurship also offers the potential to earn more money than you could in a traditional job. If your business is successful, you can make a lot of money. And you can do it on your terms.

5. You can have more freedom

Entrepreneurship also provides more freedom than a traditional job. You can set your hours and work from anywhere in the world. You can have a lifestyle that many people can only dream of.

6. You can make an impact

As an entrepreneur, you have the opportunity to make a lasting impact on the world. You can create something that lasts long after you’re gone. And you can leave a legacy that future generations will remember.
You can also read the top 7 Inspiring Indian entrepreneur’s success stories, that will not only inspire you but also motivate you to take the right decision for your career! 

The Benefits of Intrapreneurship.

Intrapreneurship is a term that is becoming increasingly popular in the business world. And for a good reason! Intrapreneurs take on the risk and responsibility of innovating within a company, often without the same resources or support that an entrepreneur would have access to.
While it may seem daunting, pursuing entrepreneurship has many benefits. You can test out your ideas without quitting your day job.

Here are some of the benefits of Intrapreneurship:

  • You have the support of a large company behind you.
  • You can make a real impact within your organization.
  • You can gain valuable experience and skills.
  • You can build your professional network.
  • You can have a direct hand in shaping your company’s future.
  • You can make a difference in the world.
  • You can earn financial rewards.
  • You can have fun!


Intrapreneurship is a great way to pursue your passion without giving up the stability of a full-time job. It also allows you to test out your ideas and see if they have potential without putting everything on the line. And because you are working within a company, you have the support of a large organization behind you.

Conclusion.

There are differences between entrepreneurship and entrepreneurship and also benefits to both. Entrepreneurship gives you the freedom to be your boss, set your hours, and be in control of your destiny. Intrapreneurship allows you to test out your ideas within a company with the support of a large organization behind you. Both entrepreneurship and intrapreneurship offer the opportunity to make a difference in the world, earn financial rewards, and build valuable skills and experience. So, which is right for you? It depends on your goals, your personality, and your circumstances. If you want the freedom to be your boss and pursue your dreams, entrepreneurship may be the right path. If you want to make a difference within a company and have the support of a large organization behind you, intrapreneurship may be the right choice.
Ultimately, the decision is up to you. Wising you the best for your future!

Author’s Bio

Karthik is a Digital Marketing Head at echoVME Digital. He heads the development team, and SEO team at echoVME, and is a trainer at Digital Scholar. He has been working in the development field for over a decade and is the go-to person for any SEO and tech-related queries.

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