Intrapreneurship: Same idea, different name
Imagine using your entrepreneurial mindset to tackle some of the biggest problems facing your current company. That, in essence, is intrapreneurship.
Intrapreneurs are often called upon to leverage their creativity through ideas or projects at their company. Organizations large and small rely on new concepts from their employees and creative teams to get an edge on the competition.
Let’s consider a well-known online retailer.
Personally, my family is a big fan of this retailer, which offers special discounts and free, fast shipping with a membership. Well, the idea for that membership came as a result of intrapreneurship. An internal team led by a vice president formed the foundational concept — and an engineer’s “digital suggestion box” recommendation provided the annual membership idea.
Today, 33% of Americans subscribe to this membership — and the company makes about $19 billion off the subscriptions alone, according to Sideways6, an idea management platform.
Don’t be afraid to share ways to make your employer better at what they do. Look for ways to boost your resumé during — and after — working hours. Not sure how? Read on.
Upskilling is essentially investing in education or training to enhance your skill set. (Think degree programs, certifications, certificates and professional development courses.) This is a popular concept these days, especially in the wake of an uncertain economic climate. But it also changed my life personally.
Early in my career, I read a book that changed my outlook on business, money and my career. I fell in love with the concept of becoming an entrepreneur.
I quickly learned the principles of working for myself and building something others wanted, and I focused my entrepreneurial endeavors on my greatest skill: writing. It’s something I’ve always had a knack for.
But how was I going to get my writing out there? This was around 2007 when web writing was increasingly popular. Platforms like WordPress and SquareSpace quickly became the go-to outlets to launch individual websites, and I was there for it.
Everything comes with a learning curve though. Web design became one of those things I learned by doing — very much “on-the-job” training. I’d run into a problem, research how to solve it and continue on. It mirrored my approach to building a social media presence.
Nearly a decade later, I had two websites that together brought in enough money to help redo my family’s basement and install a backyard patio. We used them to pay off debt and add to our family’s savings.
As for my career, all of that hard work and experience culminated in me getting a full-time job in content marketing and public affairs. The seed of entrepreneurship blossomed into a remarkable upskilling effort that led to a major career change.