Difference between Entrepreneur And Intrapreneur

Over the years, the dictionary related to the Entrepreneurship field has expanded so much. There are so many terms like Businessman, Entrepreneur, Intrapreneur, etc. An Entrepreneur is an individual with an exclusive idea to initiate something new and they have the enthusiasm of bringing a change in the world. Intrapreneur is a person who works at a company/business that someone else founded. Intrapreneur is a person who works with his entrepreneurial skills at a previously established company.

Who is an Entrepreneur?

An Entrepreneur is an individual with an exclusive idea to initiate something new and they have the enthusiasm of bringing a change in the world. An entrepreneur is a highly motivated and creative individual who is willing to take risks and face unpredictable situations arising in this dynamic world. Businesses that are initiated by entrepreneurs are known as Startups. Entrepreneurs have a creative approach and they are majorly known for their creativeness.

Geeky Takeaways:

• Entrepreneurs operate the activities using innovative methods.
• Entrepreneurs are market creators as they bring new and innovative ideas to the plate.
• Entrepreneurs are willing to take more risks as long as their idea will help them earn long-term profits.

Who is an Intrapreneur?

Intrapreneur is a person who works at a company/business that someone else founded. Intrapreneur is a person who works with his entrepreneurial skills at a previously established company. His/her input in the company is that they embrace innovation, such as expanding the innovation by introducing new products, etc. They embrace innovation to expand the company and help it grow.

Geeky Takeaways:

• Intrapreneurs are willing to take risks, but less than entrepreneurs.
• An Intrapreneur is basically an employee in a previously established company and his/her major goals include salary appraisal, promotions, appreciation, etc.
• Intrapreneurs’ motive is to grow the company using his/her entrepreneurial skills.

Difference between Entrepreneur and Intrapreneur

Basis	Entrepreneur	Intrapreneur
Meaning	An entrepreneur is an individual having a new and exclusive idea to establish something new.	Intrapreneur is an individual having entrepreneurial skills who works at a previously established company.
Motive	An entrepreneur’s motive is to bring change to the world.	An intrapreneur’s motive is to grow the business and make it better.
Nature	Entrepreneurs are innovative in nature.	Intrapreneurs are innovative in nature but less than entrepreneurs.
Risk Factor	Entrepreneurs are willing to take risks.	Intrapreneurs are willing to take risks but less than entrepreneurs.
Goals	Entrepreneurs focus on long-term profits.	Intrapreneur’s goals are to get appraisals, appreciation, and promotions.
Competition	Entrepreneurs face low competition for their business.	Intrapreneur faces high competition in the market.
Position	Entrepreneurs are founders of a company.	Intrapreneurs are employees of a company.
Approach to Operate	Entrepreneurs operate activities using innovative methods.	Intrapreneurs use entrepreneurial skills.