You were doing so well. You made it as an entrepreneur, building your business from the ground up. You wrote and executed your business plan, hired employees, and created a profitable business. And then the recession hit. Even giant businesses that had been around for decades fell victim to the worst economic downturn since the Great Depression.
And now you have made a painful yet necessary decision. You tried to ride out the bad times, but now you need to go back to the corporate world that you left. After being your own boss, you now need to go back to working for someone else.
Here are some issues that you need to consider as you prepare to conduct a job search.
1) Even if your business ultimately did not work out, be sure to mention accomplishments for your stint of unemployment on your resume. If you were able to grow the business by a certain percentage over a few years or if you landed Fortune 100 companies as clients, this should be on your resume. Employers are looking for results, and your resume needs to demonstrate results.
2) Deal with your emotions about having to transition back to the corporate world. It can be very difficult to see your dream of being your own boss die. If you do not deal with your emotions regarding this issue, you could unwittingly sabotage yourself in the interview process by not coming across as interested and enthusiastic about the position that you are interviewing for.
3) Be prepared to discuss what happened. Savvy interviewers will ask you why you are leaving the world of self employment to go back to a regular job. You need to be able to give a truthful answer that does not hurt your chances of getting the job.
You could say that things didn’t work out for you in your business because of the recession, but that would give employers the impression that you will go back to self employment as soon as the economy turns around. It’s better to give truthful reasons for returning to the corporate world that will sound reassuring to a hiring manager. For example, one IT manager who had left the corporate world to start a business in another field stated that he missed IT. It was exciting for him to be on the cutting edge of a field that impacts the lives of everyone. This explanation gave a very positive reason for wanting to return to the fold. It also reiterated his interest in the field in which he had spent most of his career.
4) Think about how your entrepreneurial experience can be an asset to the next company that you work for. As an entrepreneur you have real world experience as it relates to what it takes to be successful in business. This experience is much more valuable than simply learning information about business in an academic environment. You may want to consider working for a start-up company that is well-funded or perhaps a large corporation that is starting up a new division. These are the types of positions where your entrepreneurial experience would be most valuable.
A certified executive career coach can help you make the transition back into the job market. Call today–877-743-9521!