Now, you’re probably reading this and thinking about the “typo” listed above. By seeing “intrepreneur” in large letters on the title, opening paragraph, and essentially throughout this entire article, this can definitely raise some literary competency concerns for some readers. Especially considering how strongly similar in spelling and pronunciation the term is to one we’re all familiar with being, entrepreneur. If you haven’t come across this term (intrepreneur) in your everyday experience, work experience, or education, you’ll likely attempt to exit this article as this error is consistently included without being flagged. We’ve literally had to add this term to our editor dictionary, so do not feel bad, or out of the loop in any way.

However, we’re here to clear up that this term “intrepreneur” is indeed an appropriate one for a rising phenomenon and desired role many are taking full advantage of. If you’re already slightly familiar, then keep reading for some insight as to why this trend is on the rise. If you’re an advanced guru of some kind with extensive knowledge on intrepreneurial activity, well keep reading for some additional information on where you can explore more. All in all, we hope you find value in the trends, and how it could potentially be a new avenue you take advantage of, either as an intrepreneur yourself, or someone that benefits from the fascinating activity.

Lets, get into it. So what is an intrepreneur?

Oxford defines an intrepreneur as: a manager within a company who promotes innovative product development and marketing.

Additional definitions of Intrepreneurship would be: Intrepreneurship is the act of behaving like an entrepreneur while working within a large organization.

(Skip to bottom of article to explore platform intrepreneur engage, or if you’re considering where to start!)

How does an intrepreneur differ from an entrepreneur?

An entrepreneur typically is not an employee, and therefore carries out their own strategy, financing, operations, and covers their expenses for the trade(s) they specialize in.

What qualities and experience shape an intrepreneur?

These individuals are very skilled in a number of areas, in which they continually take initiative at elevating projects to new heights, and find unique ways and non-traditional methods to progress divisions of their company.

Arguably for these individuals, a huge component to their success is of course their initial performance or previous experience, which ultimately led to a significant level of praise and recognition from colleagues, seniority leadership, and stakeholders. Expertise level can be noted from results achieved, or simply the lack of knowledge, drive, or skills available within the organization. Therefore, as a reasonable solution to exploit this knowledge, these individuals are granted additional autonomy to create, manage, and oversee aspects of the company to maximize results.

What are some factors that lead to intrepreneur opportunities?

A huge component would definitely be relationships. One can have strong ability, experience, and an effective strategy to make significant progress on assigned tasks, and meet the proposed demands of their organization. However, strong relationships can show a deeper level of character that transcends performance. One’s relationships can have a deeper effect of understanding amongst employees, increasing productivity and encouraging healthy collaboration, management of duties, and responsibilities. An individual’s trustworthiness is a huge component to the type of work they’ll be asked to perform. Additionally, it is important to show your commitment to the organization you represent, making intense conversations, simple and easier. As a standard principle, relationships are a two-way system, and can be ever-evolving and complex to manage based upon the size of your organization and type of company culture that exists. Therefore, one can only do their share of forming and building on existing relationships, but generally the more effort put forth to sustain and maintain strong relations, the greater the rapport, trust, and belief colleagues and a company’s ecosystem has for any employee.

This leads into our next point, which is knowing who essentially could make the decision leading to an intrepreneurial opportunity. A significant individual for these types of opportunities would require a sponsor.

Sponsor

A sponsor within an organization refers to a more senior member such as a manager, c-suite, or director of some kind, that has the ability to make decisions within the organization. This person then can put forth your ideas, vision, and strategy. Their approval and co-sign of your ability provides these scenarios where you can have an intrepreneurial experience, and for some an intrepreneurial role, with consistency, results, and satisfaction from stakeholders. This senior individual of course would have to be familiar with your progress, abilities, and experience taking initiative, and producing results that bring value to the organization. By having good rapport with one’s colleagues, it can certainly be noted from senior leadership one’s ability to lead and bring their unique perspective, skills, and resources to the company’s agenda.

Why is this trend rising?

Several factors contribute to this phenomenon, particularly with increased talent, diversity and competition of employees, new insight is added to a company’s ecosystem of knowledge every year.

Additionally, the digital age of today creates ever-evolving products, systems, and overall innovation that shapes how markets need to adapt. Ultimately, companies must remain competitive, and make necessary changes to remain in favorable positions, sustain market share objectives, and ideally scale.

Why do senior leaders value intrepreneurs?

Company Alignment

For one, these individuals can be often times “home-grown”, with familiarity of the company values, ethics, goals, and culture. Therefore, intrepreneurs can stay on target with existing practices, while enabling the odds of more efficient work, expansion, and innovation. Additionally, senior leaders are often consulted by well-known market leaders of research, strategy, organizational assessment, and advisory parties that encourage changes in a direction. These professionals identify strengths, and many weaknesses within the competitive landscape, and senior leaders are often left with tasks of finding solutions. Given that these changes can occur much more frequent than previous eras, due to the advancements of technology, growth factors, and innovation of today, this method of intrepreneurial assessment increases.

As talent is obtained now in many sectors of all skill, trade, and cultural background, it is necessary in many cases to tap into the internal base for individuals with more insight for expertise, skills, and ability in an area that is in-demand for the company’s progress. Therefore, leaders may look more often for such qualities, and individuals that can be an asset in the direction a company is looking to go.

Financial Incentives

Additionally, it is oftentimes financially beneficial for a company to source particular expertise, skills, and capabilities internally. Companies can generally expect expenditure to be excessive to standard costs and expenditure if redeemed from a third-party or external source. Additionally, time is needed to actually find the resources, skills or expertise that would make suitable candidates for the needed objectives. Beyond this, time is also required to validate these proposed abilities by way of extensive research on stakeholder experiences and testimonials, or perhaps a trial period of some sort if it is a product, or service of some kind. Ultimately, this practice can be a much more cost-effective strategy saving expenses, and increasing profit margins for the new objectives. There certainly is value in investing in expertise, so if a company lacks complete ability in an area, outsourcing is a wise decision. As intrepreneurs assessment is a huge plus if there is the means to perform it, it can have great rewards. Cutting costs is common business practice universally, so it definitely is a strong consideration amongst company leaders.

Exclusivity

When it comes to a company having to source skills, services, and capabilities externally, they are typically dealing with a party that has their own unique way of handling tasks and expectations. These entities may also be working on projects for multiple clients, which could impact the desired timeline of task completion. The sooner a company is able to implement necessary changes, the sooner they can capitalize on their investment. Therefore, with an intrepreneur on hand, a company can have greater understanding and in many cases control over the expectations and timeline of project completion.

What makes individuals choose this path?

As we gave a definition of what an intrepreneur is above in this article, we can now give greater context to the mentality, characteristics, and desires that shape why an individual would pursue an intrepreneurial opportunity. Based on the described way an intrepreneurs are expected to work, these individuals have a greater level of responsibility, autonomy, creativity, and in some cases, flexibility. For someone in pursuit of these opportunities, they must be equipped and empowered to face these challenges.

Here’s a look into some traits that suit well for these opportunities, roles, and responsibilities:

• Responsible

• Confident

• Independent

• Tech-Savvy

• Egocentric (Healthy- Internal and external ego balance)

• Leadership Qualities

• Risk-taker

• Creative and a Creator

• Visionary

• Persevearer

• Self-Starter

Additional traits and characteristics are included in various intrepreneurs, but from this listing it can be generally understood common traits these individuals possess. If you are considering this role or career pathway, have you considered some employee advantages? Take a look below at a lot of the rewards to this role-type.

Increased Productivity

As highlighted throughout this article, many individuals in entrepreneurial roles are highly gifted, knowledgeable, and experienced in their respective areas. Therefore, they tend to operate at an advanced pace in comparison to colleagues. In these instances they have opportunities to lead and produce at their appropriate rate of production, their results can have significantly higher chances of increasing in magnitude, impact, and reach. Services and capabilities of the company they represent can then be extended, opening up new markets under the right direction, strategy, and overall production of these individuals. While these individuals produce at their appropriate rate, they can grow in comfort, resulting in a happier workforce, which puts the company in a better position than it otherwise would have been. Additionally, aspects of promotion, elevation, and independence can result in greater retention, shaping stability for intrepreneurs in their respective lives.

Flexibility

With many intrepreneurs taking full advantage of their value in skills, knowledge, and expertise necessary for growth and progress in the digital age, these individuals in many cases can produce great results in locations of their choice. We have seen an undeniable, and surprisingly rapid increase in remote work amongst employees in recent years. Especially considering these changes happening rather abruptly with the pandemic. As a result, many individuals grew accustomed to a home-work life balance. With many critical components of businesses occurring behind a computer screen of some kind, individuals have taken advantage of opportunities to learn and acquire useful skills to enhance their opportunity. Some companies found greater results and progress made from the location preferences of their employees that quickly adapted to the pandemic. As a result, some flexibility that was intended to be temporary became a permanent option and alternative method to traditional working styles and location. As intrepreneurs sacrifice interaction with colleagues to expedite and maximize their progress on existing projects, deadlines, and goals they aren’t under the pressure to be as collaborative as they may have previously been encouraged to be. This works out to many individuals’ advantage as they can lock in on their duties, responsibilities, and passions while they produce.

Travel

In some cases, with the geographic flexibility and increase in remote-style work, or just with the innovations of today allowing collaboration, communication, and correspondence over the web, many individuals can allow time for traveling. A huge attraction for most, this enhances overall satisfaction of employees that have this ability as long as they can continually increase production, and satisfy their demands.

What are ways I can begin my intrepreneurial journey?

One huge way is to get some experience, learn and develop new skills from the many tools available on the web, and be a new asset to yourself, or company within several months to a year. A common practice for individuals that have developed skills valuable to the demands of the digital age is freelance work!

What is Freelance work?

According to some, a freelance worker describes working for different companies at different times rather than being permanently employed by one company. a person who works as a writer, designer, performer, or the like, selling work or services by the hour, day, job, etc., rather than working on a regular salary basis for one employer. This is a great method to exploit useful skills to gain experience.

A company can value your service, performance, and individual drive and recruit or make attractive offers to retain your abilities long term. Opportunities in this fashion, can expedite the process of establishing rapport with a sponsor of a company you desire to produce quality work and projects for, allowing you to advance to a role you love in a timeframe differing to traditional upward mobility in the workplace.

We’ve actually assessed the freelance market and have looked into a great marketplace to learn new skills, offer services and skills to companies, and for companies to work alongside experts for projects swiftly with validation of their work quality. A great platform to try is Fiverr.

Fiverr

What is Fiverr?

Fiverr is a global marketplace connecting individuals and business to freelancers offering thousands of services ranging from:

• Graphics & Design

• Web development

• Digital Marketing

• Writing & Translation

• Video & Animation

• Video Editing

• Music & Audio

• Voiceover audio)

• Programming & Tech

• Business Services

• Data Services

You have the chance to tailor to your service search to a specific area, set to your budget, and offer/ purchase services at no hourly rates, but simply project-based! This platform is one for intrepreneurs, entrepreneurs, and companies looking to connect, collaborate, and earn favorable returns to their pockets. For those considering this platform, it is definitely a steal, and here at MarketSteals we assess the market, and tell you where to go to get the most quality, at the cheapest buck!

To explore Fiverr as an intrepreneur or entrepreneur click here.

To explore Fiverr as a company or business click here.

This article/blog post contains affiliate links. This means that we receive a commission from any purchase through these links.

As you develop and explore these skills, we hope you take full advantage of the information we have shared, and the platform getting many users a career jump aligned to their passion and expertise.

Please feel free to subscribe to our mailing list for updates on trends and useful platforms to elevate yourself in the future, and different products and services you can find at the most affordable rates.