There are trade-offs. It is really a matter of personal preference. Many intrapreneurs are folks who enjoy new ideas and innovation but simply lack the connections with successful venture capitalists to get financing. In fact, being an intrapreneur is a wonderful place to ‘test run’ your ideas within the confines of your current employer. The one glaringly obvious trade-off for the intrapreneur is the fact that your company could easily decline financing your idea and simply implement your idea within existing business platforms. Either way for the intrapreneur, you will know if your idea has value because you will either get financing or your idea will be implemented outside of your business proposal but still within the company. This is not necessarily a bad thing even though your idea is essentially stolen because you will at least be able to gauge whether or not you are having viable ideas.
Life for the entrepreneur is basically the same minus some of the safety curtains. The entrepreneur has access to outside venture capital which may be better but if the idea fails they may miss out on the steady income. For the young entrepreneur, just starting out may be tough without the safety net of a steady job but on the other hand the risk of having your idea pirated outside of your conditions is also considerably lower.
If you are currently employed and enjoy radical innovation, see if your company has any teams or programs to pilot your ideas. The market will weed out ideas pretty quickly that will not work. It is also important to note that while some ideas are potential game changers, they may simply be too early to market. The complete context in which ideas are introduced is very important. Much thought should be given to the product cycles and market cycles of your idea or product.
Successful elevator pitch discussion will follow in the next few weeks.
Your thoughts?
kml
2009
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