Job Prospects For Former Franchisees

sign about job prospects

By Catherine Altman Morgan

If you turned a franchisee you made a giant dedication. You not solely made a monetary funding, but additionally an funding of time, and certain blood, sweat, and tears.

(This publish might include affiliate hyperlinks. Please learn my disclosure coverage).

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

I hope it labored out nicely 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 perfect 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 may be questioning in case you might get a company job after x years in your personal enterprise. I’m happy to share that you would be able to.


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 online business, you’ll expertise emotions of anger and grief and each emotion on the spectrum. 

That is inevitable, so I strongly advocate you propose for it and don’t battle it. Be mild with your self. 


Can Former Franchisees Really Get Company Jobs?

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

Should you preferred being concerned in all facets of the enterprise, you possibly can name your self a normal supervisor, which might translate to completely different government titles (CEO, COO, SVP, VP, director), relying on the dimensions of the corporate. 


Crafting Your Messaging

Should you had a battle along with your co-founder, or are divorcing them since you have been in a private relationship, it’s no one’s enterprise. Simply say you and your companion had completely different visions for the long run progress 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 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 be sure to finish on a optimistic notice that you’re trying ahead to taking your hard-won expertise into your subsequent position.


Proudly owning Your Distinctive Worth

All the time be pleased about what you discovered from your online business, as a result of I promise you that you’ve got discovered a TON. This information is effective! 

We (you, me, everybody) are inclined to undervalue what we’ve performed and issues we’re good at, assuming that everybody can do what we will as simply as we will. 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 capabilities of any enterprise and the way they work collectively. You discovered new expertise or grew information about programs, 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 online business. 


Discovering Your Match In A Job

As a former enterprise proprietor, it would be best to fastidiously think about 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 government place or do you not need that degree of accountability once more? 

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

You get to select! 

And what was best for you prior to now, will not be best for you sooner or later. Consider your current circumstances and make your greatest resolution. 

I used to suppose company tradition was nonsense, nevertheless it’s not. It would be best to work with folks you suppose are first rate people and for an organization that does enterprise in a manner that’s in alignment along 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’ll need to do greater than apply for jobs on-line if you wish to make this profession change. Whereas your expertise are worthwhile, you’ll not be what I name a “spherical peg, spherical gap” candidate. 

You’ll need to achieve out to former shoppers, distributors, and managers – individuals who already know, like, and belief you – to make introductions or probably 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” strategy out of your laptop computer on your job search is unlikely to work.

Should you discover this course of fully overwhelming, you may wish to attain out to an expert that can assist 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 via 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 Means We Work to Lower Stress, Nervousness, and Despair.)

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