Career

7 Ways a Failed Startup Makes You the Best Job Seeker

The reason you began a startup is that you wanted to be your own boss. However, things do not always work out and some go back to doing regular jobs that give them steady paychecks. Some worry that they might not be able to compete with the regular job seekers in terms of skills and expertise. In this Business 2 Community article, Virginia Franco shares 7 ways a failed startup makes you the best job seeker.

When Startup Fails

Your startup might have failed for several reasons, misunderstanding between co-founders or withdrawal of funds. After such a failure, you might regret the years you have lost when your peers have progressed. It is true that they have added more expertise and can claim a better pay package in their sector. The catch is, you honed and acquired skills that are applicable to almost every sector of that company. Following are the 7 ways a failed startup makes you the best candidate for a regular job:

  1. Handling Multiple Roles: To control the budget, a startup owner usually takes up various roles. Along with you, the employees too work in different roles. From sales and marketing to HR and operations, you must handle it all. This can be a positive aspect of your entrepreneurship. Flaunt it in your resume and provide examples during the interview sessions.
  2. Organizing Skills: You had to build everything from the scratch like setting up processes, creating an organizational structure, and standardizing practices. This is a skill that the top management will relate to.
  3. Networking: Since you were a one-man army in the startup, you had to network and build connections with a lot of people. Even employees that worked with you were also involved in the business development. The company you are seeking a job in can utilize these connections.
  4. Increased Adoption and Adaptability: The startup years taught you that change is the only constant. Now, you are more open to new things and can adapt to new environments and situations quickly. Employers prefer candidates that have good adaptive power because of the rapidly changing market. However, the majority of the candidates take years to open up and be confident about mastering a new skill. As you had no choice, you learned to become flexible faster, which is a bonus point for your current resume.
  5. Buy-Ins and Funding: The most important skill that you acquire as an entrepreneur is your ability to convince people to buy-ins and funds. It is a major achievement when you can convince sponsors to invest in a startup even before it shows results.
  6. Been There, Done That: With all the startup failure experience, you know by now what favors a business and what can derail your strategy. This is a major add-on to your resume since you can advise the employers on such grounds.
  7. Customizing Resume: As you have achieved quite a lot of expertise in almost every sector, you are confused about what role will suit you. Read the company goals and their services and understand what areas they lack expertise in. Customize your resume that way.

To view the original article in full, visit the following link: https://www.business2community.com/small-business/how-to-find-a-job-after-a-startup-or-self-employment-02120164

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