Teaching PRENEURSHIP to Your Students
Blog > Teaching Preneurship to Your Students
At Qnity, our goal is to help individuals and businesses experience a long and prosperous career in their craft of choice. One of the central principles to achieving a long and prosperous career is understanding preneurship and which type is best for you. A PRENEUR is a Qnity term for someone actively engaging in business activities for the purpose of making money. We break down PRENEURSHIP into three different types of preneur. You’ve probably heard of entrepreneur, but there’s also an intrapreneur™ and a solopreneur™.
Unfortunately, there’s a LOT of misinformation out there that can actually steer professionals away from experiencing greater prosperity. The reality is, all three types of preneurship have different pros and cons to consider, and we’re here to provide education to ensure you have the right knowledge to decide which type of preneurship is right for you.
#1: ENTREPRENEUR
EXAMPLE: Cindy opens a spa. she manages a team of massage therapists and estheticians. She also handles the financial side of the business, and other matters like staffing, marketing, and even making sure the spa stays sparkling clean.
There are several pros of entrepreneurship. First, you get the freedom to be creative, which comes with the fact that you are your own boss. You also get more flexibility when you work for yourself, and you can pursue the things YOU are passionate about.
Entrepreneurship also with a great deal of risk and financial stress - you’re on the line when something goes wrong! Additionally, although you have more flexibility, it’s up to you to create structure, and you’re often too busy running the business to practice your craft.
#2: INTRAPRENEUR
EXAMPLE: Joe graduates from cosmetology school and is excited to start doing hair. He gets a job at a local salon working as a stylist. Because Joe is an employee of the salon, he doesn’t have to deal with the ‘business’ side of things - he gets to focus on what he loves!
Intrapreneurship comes with a lot of upsides. First, you get to make a good income while ALSO doing what you love. Another great perk is that you have very limited financial risk - that’s on the business, not you. PLUS, you get benefits - awesome!
There are a few downsides to being an intrapreneur. One is the risk of losing your job - you could get laid off if your salon were to go out of business! You also have a bit less flexibility working for a company. Along with that comes some limits to creative expression.
#3: SOLOPRENEUR
EXAMPLE: Sara is a massage therapist and one-woman show. As a solopreneur, she runs her own business and doesn’t have any employees. She rents a massage room in a physical therapist’s office and is responsible for her business AND her craft.
As a solopreneur, you get to be your own boss, and as a one-person business, you have all the flexibility you could want. Are you a night owl? No problem - don’t start taking clients until noon! Another great aspect of solopreneurship is creative freedom.
There are some cons to consider before becoming a solopreneur. Isolation is something many solopreneursTM deal with. As a business of one, you might miss the team environment. You also have to deal with unreliable clients, and your income is limited to what you, as an individual, can do.
Each of PRENEUR has pros and cons, and what type of preneur a student decides to become after graduation has some real financial implications, which we cover in the MONEY curriculum. Which PRENEUR do we believe is best for students to become right after graduation? Discover this and learn how to bring this education to your students by booking a demo.
