Risk takers, innovators, creators. You know, the passionate types who turn ideas into reality – but are we talking about entrepreneurs or intrapreneurs? Both, actually! And if you’re not familiar with intrapreneurialism, listen in.
This week on Xero Gravity we chat with Amit Mathradas, General Manager and Head of Small Business North America at PayPal, about what it means to be an intrapreneur – including the benefits of being in such a position. Small business owners, listen in too, as Amit shares some valuable tips on preparing for the upcoming holiday season.
So, what makes an intrapreneur? Behaving like an entrepreneur inside a larger organization. Working as an employee while thinking big, taking risks, and acting on new ideas for the benefit of the company.
“As an intrapreneur, you have access to tools and facilities that you wouldn’t otherwise have. It really allows you to shine a light within an organization that’s not been done before, or create a new avenue for growth that’s not been done before. It’s both very humbling, and very exciting,” says Amit.
“The underlying thread [between intrapreneurialism and entrepreneurialism] is pretty similar. It’s about passion, a desire to change the status quo, and the ability to go drive a new wave or new form of thinking. More importantly, it’s about self-satisfaction,” he continues.
And for the entrepreneurs who have launched a business, Amit offers some timely advice on preparing for the rush of the holiday season. His number one tip? Streamline your checkout process to make a simpler and more convenient experience for your customer.
According to Amit, consumers will leave a staggering $4 trillion dollars in abandoned carts this year. Offering more payment options, free shipping, and an option to pick up in-store may seem like simple changes, but makes a big difference to your customer – helping turn browsers into buyers.
Tune into Xero Gravity #70 for more tips on getting your small business ready for the holiday demand. And whether you’re an entrepreneur or intrapreneur, you won’t want to miss Amit’s two suggestions for persuading people to get on board with your idea.
Small Business Resources:
If you enjoyed this episode, join us again next week when we chat with Kelley Cheng of The Press Room about perseverance and not giving up on your passion – even when you feel like you’re going at it alone. Be sure to check out all of our previous episodes for more small business tips, resources and insights.
What would you like to hear?
Got a topic you’d like to hear discussed? Or a business expert you admire and would like to hear from? Let us know in the comments below!