Breaking into the corporate world after being a business owner can be a difficult task, but with the right mindset and approach, it is possible to overcome this challenge. A recent study by the School of Management and Labor Relations at Rutgers University shed light on the difficulties that former business owners face when applying for corporate jobs. The study found that recruiters often have “less favorable” views of former business owners and entrepreneurs, which can lead to fewer job offers for ex-founders.
One of the main reasons why recruiters are less likely to hire former business owners is because they are perceived as taking too many risks. Entrepreneurs are known for their ability to think outside the box and take calculated risks, which can be viewed as potential red flags by recruiters who prefer candidates who are less likely to take risks. However, this perception can be overcome by highlighting successful outcomes from previous entrepreneurial ventures. By showcasing their experience in managing risk and achieving success through their own businesses, former business owners can demonstrate their value to potential employers.
Another way that former business owners can improve their chances of landing corporate job interviews is by highlighting relevant experience from salaried employment. While starting a new business may seem like an exciting opportunity, it can also be seen as a risky move that may not always pay off in the long run. By demonstrating that they have experience in other areas of work beyond just running their own businesses, former business owners can prove that they have valuable skills and knowledge that can be applied to any industry or sector.
In conclusion, navigating the job market as a former business owner requires a strategic approach that takes into account the biases of recruiters towards entrepreneurs and small business owners. By highlighting relevant experience and successful outcomes from both entrepreneurial ventures and salaried employment, former business owners can overcome these barriers and secure corporate job offers that align with their career goals.
