Do Business With a Company Again After an Issue

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Owning your own business is tough. It's definitely not for everyone, and even the all-time business concern ideas sometimes don't work out. In fact, this happens generally. While the numbers vary by study, information technology's estimated that well more than than half of all businesses neglect -- or at least fail to succeed.

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Additionally, other factors in an entrepreneur's life tin can alter and require them to go back to seek a day chore, whether in the corporate earth or even with another modest business organization. And then, I reached out to my colleague Catherine Morgan, a career-transition coach who works with entrepreneurs and others seeking to transition to a new position through her own company Point A to Point B Transitions, for some suggestions on how entrepreneurs should position themselves when interviewing for corporate jobs.

Related: 3 Tips for Making the Career Alter Yous've Always Wanted

Q: What are some of the common reasons people get dorsum to the corporate earth -- or at least working for someone else -- after existence an entrepreneur?

Morgan: Information technology's easy to buy into the dream of owning your own business organisation -- and thinking that information technology volition be better than working for someone else. Months or years into business organisation ownership, I have had clients tell me that yet many hours they might accept to work in corporate, executing on someone else's strategy would seem so much easier than having to come upward with the strategy, practise the marketing, sell the work and so deliver the work. Existence the CEO and the janitor isn't for everyone.

And so, there are professionals who have had personal situations like a spouse losing a chore or other life issue which may force them to consider full-time employment. And whether it's true or not, there's the perception that a corporate job offers more stability.

Q: When you lot decide that y'all are going to hang up the entrepreneur shingle and caput back to work, how should y'all approach figuring out what to do adjacent?

Morgan: Often, professionals will try to get back to the industry or position title they held previously. Or they may accept their best skills as an entrepreneur and try to translate them into a corporate setting.

I had a client who had her own business organization for 20 years with a partner. She was in accuse of the financial function of the partnership and felt very confident in her ability to be a controller for another company afterwards she sold her half of the business concern. We did some interview question coaching and got her really comfy talking about the skills that she used in her business, and why she wasn't interested in starting another business. Later on a few rounds of interviews with a prospective company, she was offered a nifty position.

If the entrepreneur isn't certain how their skills might translate or is at a loss well-nigh what they desire to do, I always refer them to my eBook, Re-Launch You: Discovering Your Point B and Embracing Possibility.

Q: How exercise you ready a resume to highlight your entrepreneurial experience without scaring off potential employers?

Morgan: I encourage entrepreneurs to be proud of their professional accomplishments and describe exactly what they did for their clients or in their business. It'southward important to listing the specific skills used and knowledge acquired, so that a recruiter or man resources professional person tin brand the connection with the chore clarification.

Some professionals will want to explicitly add that they are currently seeking a full-fourth dimension or contract position in their professional summary, whatever the case may be. Cover messages can be used to connect the dots equally well. It'southward better to accost the elephant in the room -- or the big question that you know needs to be answered.

Related: How Quitting Can Get You Exactly What You Want

Q: How do you lot address the transition in interviews? What about those who ask why yous want to be an employee later working for yourself?

Morgan: This is the hardest role -- and it's a fleck of a tap dance, to be honest. If y'all have been successful in your concern, people will inquire why yous don't want to continue. Frequently, my clients want to work on projects that are bigger than they tin can do on their own. The successful executive turned entrepreneur may miss attention staff and board meetings and creating multi-year road maps.

Professionals who have been mentors and leaders at large organizations may miss building teams and managing people. If that is the instance, I urge them to say so. It makes sense to the listener and validates the corporate employment option.

If your business organization didn't get traction, that's not necessarily a blackness mark. Often, the entrepreneur tin can get credit for having had the guts to try. They can talk nigh what they learned in the procedure. They tin can talk about how much harder it was than they expected. They tin talk nigh condign a peachy time-director and learning to be self-directed. They tin can talk about how great information technology will exist to work with a team again later on existence in a resource-constrained situation.

Or they tin can talk about being an "intrapreneur" -- bringing their entrepreneurial mindset into a corporate environment. That can be a large plus for some companies! Overall, they should aim to be honest and enthusiastic. Don't apologize. Answer the question and move on.

Q: How do you network to find opportunities?

Morgan: The logical places to start are former colleagues and bosses. Identify companies that are of interest and mine LinkedIn to find people who piece of work at that place. Try to schedule informational interviews.

Job seekers need to take a clear "enquire" prepared, then that they can concisely describe what they are looking for or who they are trying to meet. People want to help, but you lot have to make it as easy for them as possible.

Q: What are some of the biggest roadblocks that entrepreneurs-turned-employees face in getting hired? What almost in succeeding when they return to the workplace?

Morgan: The biggest roadblock for entrepreneurs is their inner game. There is oft some shame or sadness associated with leaving your own business. It'southward important to acknowledge it -- and even grieve a little, if necessary. They may feel like they are "selling out." And they may be afraid that they volition lose the friendships they have developed with other entrepreneurs.

Onboarding can be really challenging for old entrepreneurs. The longer decision-making cycles and defined processes and procedures in corporate can seem overly burdensome when you accept been able to brand quick decisions and alter directions easily in your ain business. I remind clients to exercise farthermost patience -- with themselves and their colleagues.

Going to an environment with cubicles tin be hugely distracting at starting time. Earbuds tin can help, if you are allowed to use them at work. I remind professionals that they have done it before -- and they can get used to it again.

Also, if they have been working at abode or keeping flexible hours, having to go into the part and work a fixed schedule volition take some adjustment. I tell my clients that during the first few weeks, they may experience like they have perpetual jet lag. I reassure them that after a while, it will become routine. I ask them to be extra kind to themselves and to make it a priority to eat well, exercise and go plenty of sleep.

If you desire to learn more almost Catherine and how she works with her clients in career transition, yous can notice more information here.

Related: 7 Sure Signs Now Is the Time for a Career Change

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Source: https://www.entrepreneur.com/article/270066