Job Prospects For Former Franchisees

sign about job prospects

By Catherine Altman Morgan

Whenever you turned a franchisee you made an enormous dedication. You not solely made a monetary funding, but in addition an funding of time, and certain blood, sweat, and tears.

(This submit might comprise affiliate hyperlinks. Please learn my disclosure coverage).

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

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 online business could also be struggling or worse. 

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


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 consider that mindset is as vital as technique and ways. When you consider exiting your online business, 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 battle it. Be mild with your self. 


Can Former Franchisees Truly Get Company Jobs?

You probably did a whole lot of job features and used various expertise in your online business. Pull aside all of the completely different belongings you did and reassemble them as “buckets” of expertise. Typically, I discover enterprise homeowners loved some components of their enterprise and never different components. Largely, I discover professionals self-select into operations, gross sales and enterprise improvement, or advertising and marketing. 

For those who appreciated being concerned in all facets of the enterprise, you possibly can name your self a normal supervisor, which might translate to completely different govt titles (CEO, COO, SVP, VP, director), relying on the scale of the corporate. 


Crafting Your Messaging

For those who had a battle together with your co-founder, or are divorcing them since you have been in a private relationship, it’s no person’s enterprise. Simply say you and your companion 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 building in entrance of your online business, simply say that. 

You wish to give simply sufficient info for the interviewer to maneuver on. Don’t dwell on why issues didn’t work and ensure you finish on a constructive be aware that you’re trying ahead to taking your hard-won expertise into your subsequent position.


Proudly owning Your Distinctive Worth

At all times be pleased about what you discovered from your online business, as a result of I promise you that you’ve discovered a TON. This information 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 discovered concerning the element features of any enterprise and the way they work collectively. You discovered new expertise or grew data about methods, processes, social media, web sites, gross sales, advertising and marketing, administration, and a lot extra. 

You may really feel like you’ve gotten earned an MBA working your online business. 


Discovering Your Match In A Job

As a former enterprise proprietor, it would be best to fastidiously contemplate your proper work match. Do you wish to work for a small firm or a big firm? Do you want working independently or do you wish to handle a crew? Would you like an govt place or do you not need that degree of accountability once more? 

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You get to choose! 

And what was best for you previously, might 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, however it’s not. You’ll want to work with folks you suppose are respectable people and for an organization that does enterprise in a manner that’s in alignment together with your values. 

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


Your Job Prospects: Managing Your Search

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

You have to to succeed in 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 want to work for and to individuals who work at corporations which have fascinating jobs posted.

You’ll be able to completely make this profession transition, however adopting the “spray and pray” method out of your laptop computer in your job search is unlikely to work.

For those who discover this course of fully overwhelming, you may wish to attain out to an expert that will help you. I’ve mapped out the complete entrepreneur to worker transition here

About The Writer

catherine altman morgan career expert and author

(Catherine Altman Morgan is an award-winning profession transition skilled who has been teaching shoppers and colleagues by means of 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 School and is the writer of This Isn’t Working! Evolving the Manner We Work to Lower Stress, Nervousness, and Melancholy.)

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