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Intrapreneurs and your business

Intrapreneurs and your business
Thursday, June 07, 2018

The early days in a business are always an exciting time. Developing new ideas, exploring exciting sales possibilities and testing out fresh marketing opportunities – creativity and innovation is never in short supply when your business is first starting out.

However, after a while, it can be easy to settle into the day-to-day routine of running your company; meaning your business soon stops adapting and changing. This is where intrapreneurs could make a vital difference. Intrapreneurs often provide your company with the competitive edge it needs to continue developing.

And the best part is that you may already have an intrapreneur on your books. Here is Panthera’s guide to intrapreneurship, and how you can make the most out of your employees’ ideas.

What does intrapreneurship mean?

It is likely that you are already familiar with the term entrepreneur. This is a person who establishes a business by taking a financial risk on its future success. Their reward for doing this is that the profits are (mostly) theirs to keep and there may be a significant payday later on when you exit your company.

Intrapreneurship involves people creating and discovering new possibilities to develop an existing business. The intrapreneur themselves don’t take a risk but rather the company does. The result of this is that the business gains the eventual benefit of the innovation.

What does an intrapreneur do?

Intrapreneurs look for ways to improve the business from within by looking at the systems which are already in place and thinking of ways they can be improved.

For example, your business might have an issue with the lack of ways in which your customers are able to contact you. An intrapreneur could implement a system that would better suit the needs of the customer – for example 24 hour support, a Facebook interface, online chat support, and more.

Intrapreneurs can also help point your business in a different direction. They might identify a market that you could cater to with the resources that you already have.

Google launched Gmail through the intrapreneurial activities of one of their junior members of staff. He pointed out that Google already serves a lot of customers and that they already had most of the technology that an email service requires.

The benefits of intrapreneurship

Intrapreneurs are the people that can potentially solve the problems your business has. Low productivity, cash flow issues, and a lack of awareness for your brand are all issues that an intrapreneur can help tackle.

Intrapreneurship can also help highlight the leadership capabilities of your employees. There is an overlap between the skills that an intrapreneur has (robust thinking, adaptability, and punctuality with deadlines) that can also be seen in leaders. This can give you a better idea of who is better suited to be higher up the management ladder later on.

How you can promote intrapreneurship in your business

The first thing that you should do is let your employees know that risk-taking and failure are completely acceptable. This should be done with a level of caution, of course, but you don’t want your employees to think that they will be punished for trying something new.

Second, give your employees time out of their working days to work on developing business processes or investigating new markets. It is unreasonable to expect that they will go home and work on your business, unpaid. Carve out an hour or two every few days so that they can look at what systems you have in place and what your company could be doing better.

Finally, incentivise their hard work. Reward your employees if they come up with an idea that you would like to pursue. There are many ways that you can do this: cash bonuses, extra holidays, or a promotion are all common ways to incentivise intrapreneurial activity.

Remember, you aren’t looking to create intrapreneurs, rather, you are looking to bring out the intrapreneurial traits that your employees already have.

We can help

When your business is taking new innovative risks, you need to make sure that your business finances are able to cope with any risk innovation and development brings. Contact Panthera today on 01235 768 561 or email

What our clients say

For us, there is nothing better than a happy customer. Here are just a few that let us know how much we mean to them.

Pete Dungey

Simple, efficient and most importantly, hassle-free.

We found Panthera via our search for a Xero expert. We knew the software we wanted to use, and needed a forward-thinking accountancy partner who could get us up and running, and teach us the ropes moving forward. Tory and her team have always been on hand to answer our questions, and help us to grow as a business, particularly during periods of big change, such as becoming VAT registered. They are always on hand to alleviate any concerns and help to keep our records in order, which makes our year-end accounts an absolute breeze! Being based in Bristol, our relationship is entirely email based, alongside one consolidation meeting at year end - this keeps things simple, efficient and most importantly, hassle-free.

Pete Dungey Kaleido Grafik Limited
Anita van Eijndhoven

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The support and service we receive from Panthera Accounting is very good. Everything from regular meetings, a prompt e mail response and the transition of our Xero software (which we find very pro active indeed) has and is all remarkably efficient. We find Panthera talk our language and make any process as painless and easy as possible.

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Ash & Tim Lane

Panthera brush aside the stereotype of the typical accountant

We got in touch with Panthera Accounting by way of a recommendation; we haven't looked anywhere else since. They are an extremely professional yet relaxed group of people. We were slightly daunted by the idea of accountants but Panthera brushed aside y the stereotypes. They are very understanding when answering any questions we may have. They are completely efficient, offer sound business advice, and are fantastically priced. We will continue to recommend them.

Ash & Tim Lane Starveacre Fencing
Jayne Johnson

An Asset to my Business!

The whole team at Panthera are great! Working with them has been a huge support to my growing business. They help me to understand the numbers I need to know. They give me technology solutions like Xero so that I can process things quickly and have access to my own figures. They are quick to reply, highly knowledgeable, nothing is too much trouble and as well as making sure that everything is compliant and on time, they are enthusiastic, professional and fun to work with.

Jayne Johnson Better People
John Baker

Absolute joy - they provide a first class service on every level

Working with Tory and the team at Panthera is an absolute joy - they provide a first class service on every level; from simple Xero issues through to more complicated tax enquiries, they’re always on-hand to help me get it right. I’m certainly not their biggest customer, but I’m always made to feel like their most important one.

John Baker BKR Solutions
John Castle

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I would like to say that Panthera Accounting have helped me with my business accounts for more than 4 years now. They have consistently offered an excellent competitively priced service that works both professionally and in such a friendly way that I would highly recommend them to everyone considering using their services.

John Castle Ilexanna Limited & Birch Castle Homes Limited
Jonathan Morrison

They are always there to answer queries and sort out issues

I had been with Mr Dunn for 20 years when upon his death Panthera took over the business. They now play a bigger part in the running of my business, they do all the stuff that has to be done but I don't like doing ie book keeping, VAT, wages, and returns. They are always there to answer queries and sort out issues and make sure all Tax deadlines are met. Their costs are fair, service is great and I have and would highly recommend them.

Jonathan Morrison Wallingford Builders
Pippa Scott

Professional, friendly and personal service.

Panthera Accounting have gone above and beyond the call of duty to guide and support our Company. They offer a professional, friendly and personal service that can take the stressful and sometimes frightening feelings out of running a business. They have guided us through the working of Xero and have offered “teaching sessions” on the day to day running of the accountancy package. Our only regret is that we didn’t join their team earlier.

Pippa Scott Scott's Commercial Services Limited
Sara Southey

Panthera puts the personal back in to accountancy!

Tory and her team have provided a friendly, approachable and helpful service from the start. They have delivered a quality service, above and beyond anything I could have expected. Panthera, with the help of the Xero package, have taken the stress, strain and confusion out of managing my company and personal accounts. I look forward to working with them for many years to come.

Sara Southey Bluestones Garden Design
Tracey Miller

Panthera are fantastic.

Panthera are fantastic. Always professional, going the extra mile for their clients and delivering superb service. I recommend them all the time to my clients.

Tracey Miller Bigger, Brighter, Bolder BBB

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