James Dooley: Entrepreneurship versus intrapreneurship. Which one should you be?

I'm joined with Craig Campbell on the Entrepreneurship Uncensored podcast.

First and foremost, do you think entrepreneurship is for everyone?

Craig Campbell: Definitely not.

We spoke about this in a previous video. Some people cannot cope mentally or physically with doing it. Some people are just not cut out for it.

I would say it is probably a much smaller percentage of the population that has it. Maybe 80/20 or something like that.

So definitely not for everyone.

James Dooley: With regards to entrepreneurship versus intrapreneurship, how should someone know which one they are?

What are the main attributes of an entrepreneur versus an intrapreneur?

Craig Campbell: An entrepreneur, like yourself, is willing to put their money where their mouth is.

You are willing to try things. If it fails, it fails. There is no one to cry to.

An intrapreneur is basically an employee who wants to use someone else’s money or put the risk onto someone else.

I am not saying that is always a bad thing. Sometimes you need other people’s money to grow.

Maybe someone can grow from an intrapreneur into an entrepreneur because they need confidence before taking more risks.

But for me, intrapreneurship is much more of an employee-type thing.

You are always going to be leveraged by someone else.

The person willing to put the capital up is usually the one who wins.

There is risk in that too. Would you rather lose £50,000 doing it your way, or lose years of your life building something where someone else gets most of the upside?

James Dooley: For me, wasted time is worse than wasted money.

I do not want to waste 10 years in a job as an employee.

But I do think some people are not ready to be entrepreneurs at certain points in life.

They might be too inexperienced or not strong enough in business yet.

In that case, being an intrapreneur can be a good starting point if they work under the right entrepreneur.

If someone worked behind you as an intrapreneur, they would learn a huge amount over the years before being ready to leave the nest and do their own thing.

So I think starting as an intrapreneur can be good, but you need to choose the founder and business owner very wisely.

Craig Campbell: Yeah, learn from them.

If they have the entrepreneurial mentality, they can eventually leave the nest.

James Dooley: There is also the security side.

If someone has kids and cannot take risks because they need to put food on the table, I understand that side too.

Do you think someone who starts as an intrapreneur can become an entrepreneur over time?

Craig Campbell: Yes.

I would say we were both intrapreneurs at some point.

Neither of us came from a lot of money, so you would have used other people’s money or resources to get a leg up.

Kasra Dash is a good example. You brought him in when he was young, nurtured him and would be happy for him to go and do his own thing.

Gary Wilson is another example. He did not start with a lot of money and had to get a leg up somehow. He was your VA for a while.

There are loads of examples like that.

When you get older, wiser and have a few quid in your pocket, you can take more risks.

Years ago, I did not have the money to take the risks I would have loved to take.

I would have loved someone with a million quid in the bank backing me.

I probably would have made mistakes, but that is part of the apprenticeship.

Life circumstances matter.

If you have kids at 17 or 18, I understand why you cannot spend disposable income on ideas instead of nappies.

I came from a background where nobody gave me a big pot of cash to start a business, so I understand needing a leg up.

But when people get older, there is no real excuse. You are one or the other at that point.

James Dooley: There is a debate people often have around intrapreneurship versus entrepreneurship.

Some people say number twos in a business can have a better life.

They may earn slightly less, but they can switch off over the weekend.

We spoke about this in the disadvantages of entrepreneurship episode. There are a lot of disadvantages.

There are times when I wish I could switch off, but I cannot.

Even on summer holidays with the kids, you can find yourself quickly checking WhatsApp or emails.

So can intrapreneurship sometimes be a better choice?

I love entrepreneurship. I feel born to be an entrepreneur, and I think you are the same.

But have there been times when you think, “I am taking all the risk, it is all my money, and the buck stops with me”?

When something goes well, you shine the light on the staff. When it goes wrong, it sits with you.

Craig Campbell: I personally would not change it.

I love being that guy.

I do try to remove myself from a lot of group chats now because I cannot be bothered with them at night as I get older.

But I would not change it.

I can see why someone might choose to be the number two and earn a big salary.

There are plenty of number twos in companies on sizable salaries with benefits, and they can switch the phone off at the weekend.

But I like being the one doing everything.

I think it is second nature to me.

It is probably in your DNA to be an entrepreneur.

James Dooley: Definitely.

Craig Campbell: It is probably the same with you.

If I am playing chess, I want to beat you at it.

You might technically be better than me, but one way or another I am coming back to beat you.

That applies to business too.

Even if I fail and fail, eventually I am coming back and I am going to be better.

That has always been my mentality.

I cannot switch that off.

Even when I play FIFA with my seven-year-old son, he asks for a free goal and I say no.

He needs to learn how to lose.

My wife tells me to let him win, but it is not happening.

I do not know where that comes from. I just do not like getting beaten.

So I do not think I could be an intrapreneur personally.

James Dooley: I know exactly what you mean.

If we went sparring and you caught me once, I would be back in that ring next week with lessons and a plan to beat you.

It is the same with table tennis, padel or anything else.

Craig Campbell: Cristiano Ronaldo has a story like that.

He got beaten at table tennis, went away, bought a table, practised for weeks and came back to beat the person who beat him.

That is the mentality.

James Dooley: That was me with Adam Mortimer in tennis.

He beat me 6-1, 6-2 in Florida and it ruined my whole day.

I was fuming.

So I started getting lessons. I practised properly.

Then we played again in the Philippines and I beat him 6-3, 6-2.

I was absolutely buzzing.

Craig Campbell: That is exactly it.

I had the same with table tennis. I was getting beaten and I could not get the spin right.

I even searched for table tennis lessons and found some club in north Glasgow.

I phoned the guy because I wanted to learn how to beat them.

If someone beats me at something, I will invest money and time to get better.

That comes back to entrepreneurship.

An intrapreneur might not always have that same drive.

James Dooley: It is an interesting debate.

I hope you liked this episode on entrepreneurship versus intrapreneurship.

Make sure you check out the link in the description with all the different questions you should be asking an entrepreneur.

One of the best questions is whether you are an entrepreneur or an intrapreneur.

Craig Campbell, it has been an absolute pleasure.