Transcript
A (0:00)
In this Lessons episode, explore how to transform job insecurity into opportunity by adopting an entrepreneurial mindset inside any organization. Discover why thinking like an owner drives career growth and equity. Understand how entrepreneurship creates leverage for leadership roles and lasting value. And uncover practical steps to build personal brand and stand out even in uncertain times. What's the game plan? What's the playbook for people in organizations that were just shocked recently they lost their jobs, never thought they're gonna lose their jobs. How do they adopt an entrepreneurial mindset even though they're working within an organization? Build the brand, branch out.
B (0:41)
That's a phenomenal question and we addressed it on multiple of our episodes. I got a guy from IBM that made me think about your question. He asked me a question three years ago. He says, listen, Patrick, I follow all your content. I love what you're talking about. You keep talking about entrepreneurship. You have no idea how bad I want to be an entrepreneur. But I feel guilty. The fact that I don't want to leave my job. I'm making 280 a year. I got a wife and two kids and we went back and forth. Should I am I feel in the wrong way that to feel like I'm really maximizing my talents, I have to leave the company to start a company, or can I still stay at the company I'm at? So I said, look, you're making a very good point and you're asking a very reasonable question. See, when I say entrepreneur, to me, it has two sides to it. I have entrepreneur, I have intrapreneur. The only difference between an entrepreneur and an intrapreneur is who started the company, but they think the same. Let me say this one more time. The only difference between the entrepreneur and the intrapreneur is who took the risk to start the company, which is the founder. Everything else, they think identical, meaning they don't work regular nine, five hours. They're not the kind that's just a business as usual, hey, am I going to get my 401k benefits on my expenses? Am I? You know, they don't think that way. They think equity, they think valuation, they think about profit sharing. They think about growing the company. They think about recruiting the right talent. They think about scaling, they think about differentiation, they think about a blue ocean to have in the company. They everything's the same. Everything's the same. This is why an intrapreneur within a company 100% of the time. If he's a real entrepreneur, she's a real entrepreneur that's working they're going to end up owning equity and they eventually end up being one of the C suite executives in the company. So when the company gets acquired or sells or gets bought out, they're one of the bigger shareholders and they get a fat check. This is why Steve Ballmer is worth 40, 50, 60 billion dollars depending on what his net worth being calculated. He's never been an entrepreneur, he's an intrapreneur. And Steve Jobs is a great example of somebody who went from being an entrepreneur to back being to a. When he started Apple, he was an entrepreneur. When he started Pixar, he was an entrepreneur. But when he went back to Apple, he was an entrepreneur. He was no longer an entrepreneur the second time back around at Apple. So people don't have to feel guilty. But if you're going to stay within a company and you're going to say, I want to go out there and take this company to the next level, you got to be thinking about somebody that owns the entire company. What would you be doing to grow in the company? And eventually you'll be asking for equity. And if you prove that you own, you bring enough value to get equity, the company you will. If you don't, I guarantee you somebody in the marketplace is going to pick you up. I guarantee you someone in the marketplace is going to pick you up. My CFO was a guy that was with another company making good salary and we picked him up, we brought him on board. He is a very well known CFO in the local area. We brought him on board because he wanted to find an equity position in company. So I said, listen, you're working like that and how about you? If I match your salary and I pay you a little bit more on your salary and I give you a percentage of the company and we go take this thing to the next level, he says I'm all in. And he came on board. So if somebody is an intrapreneur and the company you're with mistreats you and takes you for granted as an intrapreneur, I guarantee you someone's going to recruit you away. So it's a win win.
