To have an enterprise is more than a profession in contemporary society, but a way of life. Millions of people are dreaming to become entrepreneurs and consider this step as financial freedom, innovation, or social change. However, reconciling to the trenches, there is a special class of businessmen called Innerpreneurs. Innerpreneur are different from orthodox entrepreneurs in that they are concerned with more than making money and controlling the share of the market pie. THEY are driven by the feeling that they want to make their business also agree with their inner values and passions.
This article gives us an idea of what an entrepreneur is, how it can be defined, what advantages and obstacles are presented to them, and why this movement is changing the future of both work and entrepreneurship.
What does it mean to OR Innerpreneur?
Where did the term Innerpreneur come about? It comes about because Innerpreneur is the combination of the words inner and entrepreneur. It is used to denote individuals who initiate and organize enterprises not necessarily to earn material goods such as money and prestige, but rather as a form of self-fulfillment. Their objectives are centred on
- Personal growth – it helps self-develop people to develop through business.
- Creativity – the ability to translate ideas and passions to matter.
- A sense of purpose impact- means addressing problems that matter to them and to the society.
- Autonomy and authenticity – design a lifestyle and occupation in line with their values.
- An entrepreneur is thinking of how to make money whereas Innerpreneur is thinking how to make sense.
The Most Distinctive Features of an Innerpreneur
Purpose-Oriented
Innerpreneur are the people who establish their own business based on something that they are passionate about. They do not define themselves as people who work, rather it is their way to find support in their identity.
Creatively Driven
They tend to be artists, writers, designers, coaches or innovators favoring creativity over conformity. Their companies are demonstrations of their innovativeness
Impact-Focused
Profit is important, however, it does not mark the only indicator of success. Innerpreneurs have the urge to make positive contributions in the lives of people.
Authentic Leadership
They are empathetic and highly genuine, and their management style emphasizes relationships better than categorizations based on the hierarchical structure.
Lifelong Learners
They behold business as a self-discovery in the event of which challenges are opportunities of development.
Innerpreneur Vs Entrepreneurs
It is easy to define it by the analogy between traditional entrepreneurs and Innerpreneur:
Primary Goal
- Profitability, expansion and scaling up
- Meaning, purpose, personal growth
Motivation
- Outside rewards (money, status)
- Intrinsic rewards (job satisfaction, fulfilment)
Approach
- Market-driven strategies
- Passion led and value driven approaches
Success Measure
- Turnover, market share
- Internal gratification, contribution to society
Work-Life Balance
- Often work-centric
- Life-style oriented and mindful
This difference indicates that entrepreneurs do not oppose monetary earnings, they simply do not want to compromise their values, passion and even wellbeing to achieve it.
Advantages of being an Innerpreneur
Fulfillment
Innerpreneur are content since he or she lives and works according to their values.
Authentic Relationships
They appeal to similar clients and partners, and communities that share their vision.
Resilience
They also have the motivation to want to succeed as they are intrinsically motivated and they will be better able to stick around in the face of difficulties
Innovation
Creativity helps to get innovative solutions and original ideas that usually emerge due to passion.
Balanced Lifestyle
They do not fit their desires to the way businesses should work, but make businesses to suit their lifestyle.
Innerpreter Problems Franchisees Encounter
Financial Pressure
Financial stability might not be easy to maintain as profit will not be the central factor in every instance.
Misunderstandings with Others
Their unorthodox way of handling business may not be appreciated by the society.
Striking the Balance Purpose with Profit
In concentrating on the values, they should also not lose their business.
Emotional Investment
They have strong attachment to their professional work, and so failures are felt on a personal level by them.
Slow Growth
Value based approaches are not always as quickly scalable as a profit first aggressive approach.
The First Step on the Path to Developing in the Innerpreneur.
Be Your Inner Purpose
Research and brood over what your values, passions and causes are close to your heart.
Build on dy Your Strengths
Create a business model that is in line with your strengths and imagination.
Purpose v Profit
Make your mission sustainable. Passion is not sufficient by itself
New Open Mind Learning
Don’t rush. Let your business be natural.
Resocialisation With Similar-Minded Groups
Fill your life with people who understand you and will be able to support you in life.
Cases of Innerpreneurship
- Coaches and consultants that can ensure that they bring change in lives instead of making money.
- Conscious business owners who care about the earth as much more than the bottom line
- Creators and artists turning business out of their handiwork but remaining at their vision.
- Social entrepreneurs addressing questions such as education, healthcare or poverty, and at the same time gaining a livelihood.
Future of Innerpreneur
Innerpreneurship will probably become part of mainstream thinking as people strive to find more meaning in their occupation. The companies are also increasingly incorporating principles by paying attention to sustainability, diversity, employee wellbeing, and telling authentic stories.In the future prosperity is likely to be measured no longer narrowly by prosperity or dominance in the market but by validity of impact, internal satisfaction and lasting creation of values.
Conclusion
The notion of the Entrepreneur takes the traditional notion of business to task. It reminds us there is more to entrepreneurship than just to make money but living and being our authentic selves, developing personally, and making a positive change. Innerpreneurs share the philosophy that real success is a marriage between work, passions and purpose. Although the journey will be less smooth and easier, the end outcome will be highly rich and fulfilling to the individual and the society he lives in. In a world in want of meaning in a world beyond materialism provides a way forward that is quite hopeful and encouraging.
