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When the economy goes south, 1 of the first sectors that get hurt are small organizations. Several are under funded, rely on larger organisations for a portion of their home business or are in the competitive retail and service sectors. So when the bigger organisations move, consolidate or go broke or the consumer stops buying the smaller single proprietorships have a tough time and a large number of go broke and are forced to close.
Not only do the individuals working for the tiny business develop into unemployed but the owners are forced to become job hunters. It may well have been years given that the little small business owner engaged in a job search so it is a new expertise with a entire new set of challenges.
As a tiny enterprise owner you had been forced to wear a lot of hats. Marketing and advertising manager, financial officer, HR manager, customer service manager, and floor cleaner were all in your job description. In writing your resume, it's far more productive to narrow the scope of the jobs and firms you are targeting. Write a separate resume for each and every position you uncover, addressing the needs of the employer.
One more productive avenue in job hunting is to contact your network of people today you know and inform them that you are seeking for a job. Vendors, business associates in the local Chamber of Commerce, buddies from school, clients, neighbors, and associates in service organizations are all fair game to be contacted. As you work through your list, ask for referrals of the names of other people who may be able to support you uncover an open position.
Now comes the tough part of the job search. You have your initial job interview scheduled. And you know you are going to be asked questions about the time you ran your business and worked for your self and why it closed.
First, before we get to developing techniques to deal with the questions about your home business you need to effectively prepare for all the other questions you might be asked in the job interview.
Do your analysis about the prospective employer. Of all the specifics learned come up with three-four questions not covered in your analysis material. At the proper times in the job interview they can be asked. Create and practice a powerful closing argument as to why you are the most effective candidate for the job and the advantages you bring to the position.
In the job interview, the interviewer will not be attempting to question your judgments or uncover feasible errors you produced in running your business. Overall they are searching to assure themselves that you have the suitable skills to fulfill the job requirements.
When asked why the business closed or why you sold it stick to the facts. A great answer is that you planned for particular items to happen and when the economy took a turn for the worse, or your greatest consumer moved, or the city tore up the street in front of you store for six months, or a vendor raised costs and you couldn't pass the cost to your consumers, or a properly-financed bigger competitor moved across the street all and a lot more are valid reason for closing a organization.
In the last half of the answer tell the interviewer what you learned from the expertise. Keep the answer positive, concise, and smile. It is not the time to blame any one, or complain about the outcome. It is what it is, your focus is to move forward and not be concerned about the past.
Now comes the second "no longer running a company," question. The interviewer asks, "How do we know that when you see one more chance you will not quit us and begin a further business enterprise?"
Tell the interviewer, you have no intention of starting a further enterprise, that phase of your life is over and you learned any number of valuable lessons running your own home business. Your only objective is to bring those lessons to the job you applied for and produce benefits for your new employer. Period, finish of story.
With your extensive organization background, you will now develop into a valuable contributor to you new employer. Your period of unemployment should really be shorter if you make use of these job hunting suggestions.