What if you quit your job, tried to be an entrepreneur, and failed? What would you do? How would you handle going back to a “real job?”
One of my buddies returned to work after not making it on his own. After trying to be self-employed, he decided to go back to work. It didn’t work out for him at all. He saved up and planned his exit strategy pretty well. He had a plan for how he was going to make money. He was tired of being employed. He was done with cubicle nation. He wanted to make his own money. He left.
He quit his job and had all of the time in the world. He thought that he was going to form a huge business and take over the world.
Then he realized that being self-employed was a lot worse than working a real job. He had to set his own schedule and make his own money. Time limits were gone. No longer did he have a boss breathing down his neck with a looming deadline. He had more time than work.
Being self-employed isn’t easy. It’s far too tempting to sleep in and go out on a Monday night. After a few months, he barely made any progress with his business projects and had no money coming in. He needed money. He needed something to do all day. He quickly found a new job and left the self-employed world.
How do you go back into the workforce? How do you assimilate into a new workplace environment?
I asked around to gather some feedback about how one would go about re-entering the workforce.
You have to decide what kind of jobs you want to apply for. Being out of a job, you might be a bit out of the loop.
You have to figure out your strategy. There are a few ways to get in from the outside:
Every strategy has a possibility of working. What it all comes down to in the end is how badly you want to get back to work. If you have bills to pay and want an income, you’ll likely take the first gig that comes your way. If your patient and have money saved, you can be a bit picky.
When asked at the interview or when writing your resume, I think it makes sense to be honest about what you did with your time. Don’t try to extend a previous employment or make up a job.
I’m not an expert here so I would love to hear from someone here that would know the answer to this.
Should you put your self-employed experience on your resume?
I’m leaning towards being honest because it beats lying.
The goal is to keep your story straight. Nobody likes a liar.
You have to ask yourself this one question:
Why am I going back to work?
If you’re going back because you have no money, then that’s cool. You can tell your new co-workers that you enjoyed being self-employed, but you just couldn’t keep up with the bills. There’s no shame in that.
Are you looking for a new challenge? Many entrepreneurs hold a job for a challenge. They want to work on huge projects within an organization. Most of us enjoy a solid challenge.
Did you just get lonely being by yourself all day? We all enjoy some company and folks to chat with.
My friend was telling me how it’s tough at first to accept that you’re no longer in control. It’s humbling at first, but you have to live with this. You made the decision to go back to work. Your schedule is no longer flexible. Deadlines are firm.
You’re now a part of a team and that team has an established leader (boss). You’re a member of this team. You have outlined responsibilities to complete.
Just because you’re no longer fully self-employed it doesn’t mean that you should let that spirit die! One failure is not an ultimate destination. You can still work on the next idea. It was just one idea that wasn’t right for you. You can always go back to being self-employed.
You can also continue to work on your projects in the evenings or during weekends. You’re still in control of your free time.
Have you had to go back to work? This is new territory for me and I would love to hear from you guys about entrepreneurs that have gone back to work.
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