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Handling Interview Questions About a Business You Owned

Over the past few years, companies have come and gone with a frequency that is some times scary. With the economy doing somersaults and back flips, companies laying off and then hiring people at astronomical rates and executives stealing peopleís retirements and fleeing for parts unknown, itís not surprising that people who once ran their own business are now out searching for jobs.

Whether you suffered from losing most of your customers, not making enough money to get by or losing your business entirely, you must now start looking for a job. Sometimes this brings about double the trouble because people often feel guilty about not succeeding in business as well as feeling extremely nervous about entering the workforce again.

So, if you find yourself in this type of situation, go ahead and bite the bullet and start looking for a job. While sending out your first resumes, you need to plan for the inevitable interview that will most assuredly come along soon. How do you plan to handle questions about the time in your life when you worked for yourself?

When you do get your first interview, you must be prepared for questions about your business. Keep in mind that the people conducting the interviews are not trying to question your judgment or discover and reveal the mistakes you made. Instead, they are trying to ensure that you have the appropriate skills and temperament to fulfill the job requirements.

So, your best option when asked about your business is to be honest. If you choose to fabricate details about the business you ran, you will assuredly get caught at some time or another. Your best bet is to pick out the largest factor that was currently affecting the American economy and tie that to the demise of your customer base or the demise of your business.

If you ran a successful business until the 9/11 terrorist attacks or until the economy plummeted, you are double lucky in that you can show that your business was successful until a certain catastrophic event.

If instead, your business never got off the ground, take an objective look at why you think it did not do well and position yourself as a person who sees why it did not succeed and one who learns from their mistakes. Maybe it was the marketing for your company or your inability to get better prices on your products. No matter what, explain in an objective tone of voice that you planned out your business under certain precepts that you later found out were not true.

All in all, there is nothing more devastating than losing a business that you worked so hard to start. However, if you can take the right perspective, try to keep a positive attitude while searching for a job and tell the truth, you can turn your past business experience into a learning experience, get a new job and hopefully start another business in the future with more knowledge and planning to ensure success.