{"id":15249,"date":"2023-09-25T23:52:52","date_gmt":"2023-09-25T23:52:52","guid":{"rendered":"https:\/\/mysourcefunding.com\/leadership\/5-tips-for-entrepreneurs-seeking-corporate-jobs\/"},"modified":"2023-09-25T23:52:53","modified_gmt":"2023-09-25T23:52:53","slug":"5-tips-for-entrepreneurs-seeking-corporate-jobs","status":"publish","type":"post","link":"https:\/\/mysourcefunding.com\/?p=15249","title":{"rendered":"5 Tips For Entrepreneurs Seeking Corporate Jobs"},"content":{"rendered":"
\n

If you\u2019re an entrepreneur looking for a corporate job, you\u2019ve got company!<\/p>\n

Business closures spiked up to 5.2% in 2022 (from 2.9% in 2019), the latest Global Entrepreneurship Monitor shows. Economic uncertainty, inflation, reduced consumer spending are hurting entrepreneurs.<\/p>\n

Exploring corporate opportunities makes sense: Skills forged in entrepreneurial ventures \u2013 like personal learning, and the ability to independently confront and solve challenges \u2013 are expected to be crucial for the future of work.<\/p>\n

But recruiters hesitate: They believe ex-entrepreneurs aren\u2019t serious about corporate jobs, won\u2019t be able to take direction from their bosses, and are poor team players, according to Texas State University and Auburn University researchers who asked 86 professional U.S. recruiters about the benefits and concerns they have about such applicants<\/p>\n

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Biases hinder entrepreneurs from getting interviews: they need to send out considerably more job applications than non-entrepreneurs to get a call back from a potential employer.<\/p>\n

Where non-entrepreneurs need to send out 5 applications to get a call back on a software engineering position, entrepreneurs have to submit 8 applications to get the same result, according to a study that sent fictitious resumes to 2,400 real U.S. job postings. The call back penalty for entrepreneurs versus non-entrepreneurs is similar for HR and marketing positions, a different study showed, using similar methods.<\/p>\n

The following tips can help you increase your chances at an interview and a job offer:<\/p>\n

1. Work With Recruiters Who Are Ex-entrepreneurs<\/h2>\n

Recruiters who have been in your shoes don\u2019t penalize entrepreneurial experience. Neither do recruiters who have entrepreneurial aspirations, studies conducted independently in the U.S. and in China find. Presumably, people are more familiar and confident with the skills business founders bring to the table when they can relate to that experience.<\/p>\n

2. Seek Jobs Requiring Entrepreneurial Skills<\/h2>\n

Recruiters are more likely to see a potential fit for those jobs requiring autonomy, proactivity, and innovativeness. In fact, for some positions \u2013 like business development officer \u2013 recruiters prefer entrepreneurs over people with regular work experience, the Texas State University and Auburn University study finds.<\/p>\n

3. Turn Your Venture Exit Into A Selling Point<\/h2>\n

Applicants who highlight the skills and knowledge gained from a successful venture exit get higher endorsements from recruiters, Texas State University and Auburn University researchers find in a different study. They speculate that entrepreneurs who can translate their experiences into applicable corporate skills help assuage recruiters\u2019 concerns about fit.<\/p>\n

4. Show Evidence Of Teamwork, Direction-Following<\/h2>\n

Recruiters worry that ex-entrepreneurs will have a difficult time in corporate roles where they need to follow \u2013 rather than set \u2013 direction. Clearly, any evidence of being able to take direction and ceding authority should be particularly helpful in assuaging recruiters on this point. Similarly, demonstrating the ability to work as a team and openness to others\u2019 ideas could temper the belief that entrepreneurs are solo players, who look only after themselves.<\/p>\n

5. Highlight The Job\u2019s Fit With Your Passion<\/strong><\/h2>\n

Companies seek candidates who demonstrate long-term commitment to the organization. Entrepreneurs don\u2019t naturally fit that ideal \u2013 recruiters tend to assume they will prioritize their personal projects and passions over the company’s needs, view the role as a temporary gap filler, and soon look elsewhere for new challenges. Seeking and emphasizing commonalities with the company\u2019s values, projects, and goals may help counter these biases.<\/p>\n

For entrepreneurs interested in a corporate career, incorporating these strategies into your approach can significantly enhance prospects when transitioning from entrepreneurship to a corporate career. Leveraging recruiters with entrepreneurial backgrounds, showcasing skills, emphasizing the learnings from the entrepreneurial experience, and aligning passion with the company’s values, can help to address recruiters’ concerns in the corporate landscape.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

If you\u2019re an entrepreneur looking for a corporate job, you\u2019ve got company! Business closures spiked up to 5.2% in 2022 (from 2.9% in 2019), the latest Global Entrepreneurship Monitor shows. Economic uncertainty, inflation, reduced consumer spending are hurting entrepreneurs. Exploring corporate opportunities makes sense: Skills forged in entrepreneurial ventures \u2013 like personal learning, and the […]<\/p>\n","protected":false},"author":1,"featured_media":15250,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[76],"tags":[],"class_list":{"0":"post-15249","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-leadership"},"yoast_head":"\n5 Tips For Entrepreneurs Seeking Corporate Jobs | Brandiary<\/title>\n<meta name=\"description\" content=\"If you\u2019re an entrepreneur looking for a corporate job, you\u2019ve got company! 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