“Be nice to geek’s, you’ll probably end up working for one” – Bill Gates
When it comes to entrepreneurs you don’t know Jack! Maybe you do, Jack Dorsey is the the Co-Founder of Twitter and Square which generated $350 Million in revenue and $5 Billion in transactions respectively in 2012. He now has set his sights on following in the footsteps of Mayor Michael Bloomberg. He wants to become the next Mayor of New York City one of the fastest growing tech hubs. So how would you define Jack? Is he an Entrepreneur or an Intrapreneur? Clearly Jack’s work history is one of a serial entrepreneur, but his future career goal is to be an employee for the city of New York.
The line between entrepreneurship and intrapreneurship is blurring. We once asked the question if a person was an entrepreneur. In a ‘Post Industrial’ Economy this is the wrong question to ask because we are all entrepreneurs. The real question is are you an entrepreneurs ‘Inside or Outside’ of the company. This is a different paradigm opposes how we define entrepreneurs. You are probably saying to yourself hold on a minute. Put down your rocks and let me state my case. Let’s look at the data which clearly shows that entrepreneurs are catalysts of economic change in the U.S., with small businesses and startups representing 100% of the net job growth in our country.
Today the training and development that a worker gets in a company is different than it was 20-years ago. Companies are expecting workers to be self-trained, providing little to no mentorship, and expect these individuals to hit the ground running. Is it possible to get people working on side projects and developing their entrepreneurial thinking chops so that they can add value to the organization they are apart of today?
At a macro level the workforce is comprised of two segments: people who are wired to be entrepreneurs or intrapreneurs. Whether you are a large corporation, startup or a one person operation you are pulling from a highly competitive global talent pool that I coined as builders and leapers.
Builders (Intrapreneur or Employee): Builders are individuals that build their resume while they build someone else’s dreams. These individuals are also known as intrapreneurs which are workers that feel more comfortable working inside an existing organizational structure and is looking for the security it affords. This structure has historically provided guaranteed checks at the end of the pay period even if the individual has underperformed.
Leapers (Entrepreneur or Employer): Leapers are pure entrepreneurs, individuals who have made the leap and are working full-time on their own business versus moonlighting and working on their passion as a side project. A leaper wants the opportunity that is connected with taking the risk and forgoing the security that come along with a steady paycheck. They are attracted to the unlimited opportunity and the reward connected with taking on the risk of launching their own idea. Leapers ultimately falls into the employer category even if it is initially a single person operation.
At the end of the day we are all entrepreneurs because we all have to invent, innovate, be curious and think outside the box whether we are entrepreneurs or intrapreneurs