Job Prospects For Former Franchisees

sign about job prospects

By Catherine Altman Morgan

Once you grew to become a franchisee you made a giant dedication. You not solely made a monetary funding, but in addition an funding of time, and sure blood, sweat, and tears.

You had excessive hopes of success and believed that purchasing a confirmed enterprise idea with the assist of a mother or father firm to information your advertising and marketing and enterprise growth would assist mitigate danger. 

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I hope it labored out effectively for you, but when it didn’t, and also you’re evaluating choices and potential subsequent steps, please learn on about your job prospects

Even the very best companies have been impacted by the turmoil of the previous three years. The pandemic’s results, inflation, and provide chain points – your corporation could also be struggling or worse. 

You is likely to be questioning in case you might get a company job after x years in your personal enterprise. I’m happy to share that you may.


Company Job Prospects For Former Franchisees: Embracing The Proper Mindset

Within the 12 years I’ve been working with professionals in profession transition, I’ve come to imagine that mindset is as vital as technique and ways. When you consider exiting your corporation, you’ll expertise emotions of anger and grief and each emotion on the spectrum. 

That is inevitable, so I strongly advocate you intend for it and don’t struggle it. Be light with your self. 


Can Former Franchisees Truly Get Company Jobs?

You probably did a number of job capabilities and used numerous abilities in your corporation. Pull aside all of the completely different stuff you did and reassemble them as “buckets” of abilities. Typically, I discover enterprise house owners loved some components of their enterprise and never different components. Largely, I discover professionals self-select into operations, gross sales and enterprise growth, or advertising and marketing. 

In case you appreciated being concerned in all elements of the enterprise, you may name your self a basic supervisor, which might translate to completely different govt titles (CEO, COO, SVP, VP, director), relying on the dimensions of the corporate. 


Crafting Your Messaging

In case you had a struggle together with your co-founder, or are divorcing them since you had been in a private relationship, it’s no one’s enterprise. Simply say you and your accomplice had completely different visions for the long run development of the enterprise and agreed to half methods. 

If the enterprise struggled due to COVID or provide chain points or prolonged development in entrance of your corporation, simply say that. 

You need to give simply sufficient data for the interviewer to maneuver on. Don’t dwell on why issues didn’t work and be sure you finish on a constructive be aware that you’re wanting ahead to taking your hard-won abilities into your subsequent position.


Proudly owning Your Distinctive Worth

All the time be pleased about what you realized from your corporation, as a result of I promise you that you’ve got realized a TON. This data is efficacious! 

We (you, me, everybody) are likely to undervalue what we’ve executed and issues we’re good at, assuming that everybody can do what we are able to as simply as we are able to. This isn’t true. 

Even in case you really feel such as you hemorrhaged cash, which you probably did at factors, you realized concerning the element capabilities of any enterprise and the way they work collectively. You realized new abilities or grew data about techniques, processes, social media, web sites, gross sales, advertising and marketing, administration, and a lot extra. 

You may really feel like you might have earned an MBA working your corporation. 


Discovering Your Match In A Job

As a former enterprise proprietor, you’ll want to rigorously take into account your proper work match. Do you need to work for a small firm or a big firm? Do you want working independently or do you need to handle a staff? Would you like an govt place or do you not need that stage of duty once more? 

Test your inbox and click on the hyperlink to get your guidelines

You get to choose! 

And what was best for you up to now, will not be best for you sooner or later. Consider your current circumstances and make your finest determination. 

I used to suppose company tradition was nonsense, but it surely’s not. You’ll want to work with individuals you suppose are respectable people and for a corporation that does enterprise in a method that’s in alignment together with your values. 

I’ve had shoppers ignore this recommendation and stop after six months – or six weeks.


Your Job Prospects: Managing Your Search

You will want to do greater than apply for jobs on-line if you wish to make this profession change. Whereas your abilities are precious, you’ll not be what I name a “spherical peg, spherical gap” candidate. 

You will want to achieve out to former shoppers, distributors, and managers – individuals who already know, like, and belief you – to make introductions or presumably rent you. 

You additionally might want to do chilly outreach to corporations you wish to work for and to individuals who work at corporations which have attention-grabbing jobs posted.

You possibly can completely make this profession transition, however adopting the “spray and pray” strategy out of your laptop computer in your job search is unlikely to work.

In case you discover this course of utterly overwhelming, you may need to attain out to knowledgeable that can assist you. I’ve mapped out the complete entrepreneur to worker transition here

About The Creator

catherine altman morgan career expert and author

(Catherine Altman Morgan is an award-winning profession transition professional who has been teaching shoppers and colleagues by job and life transitions for greater than 20 years. She is the founding father of Point A to Point B Transitions Inc. Catherine earned a B.A. in Psychology from Vassar Faculty and is the creator of This Isn’t Working! Evolving the Approach We Work to Lower Stress, Nervousness, and Despair.)

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