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The Drawback of Being an Entrepreneur When Applying for a Job

Being an entrepreneur is not easy, and it is one of the most fulfilling accomplishments. But what happens if an entrepreneur seeks a job? Though becoming an entrepreneur may appear to be one of the finest achievements to include on a resume, do employers regard it the same way? Is being a successful entrepreneur a disadvantage when applying for a job? This article on the Yale Insights website discusses how organizations may perceive a successful entrepreneur and their prospects of hiring an entrepreneur for a job opportunity.

According to the article, while it may appear that the odds of entrepreneurs being picked while applying for a job are rather high, this may not be the reality. According to a new study by Tristan Botelho, assistant professor of organizational behavior at Yale SOM, startup founders are actually less likely than non-founders to get called in for job interviews. Furthermore, entrepreneurs who are successful in operating their businesses have even fewer odds of getting chosen for a job vacancy. According to a study undertaken to determine how many possibilities people with founder experience have of being called in for a job interview, successful entrepreneurs have the least, even fewer than unsuccessful business founders. Even if entrepreneurs exhibit every attribute that might possibly attract hiring managers, the survey discovered that most organizations are afraid that a successful entrepreneur will quit after a few months and that they may take a few potential workers with them. Companies prize talents such as flexibility, ingenuity, and persistence, all of which are demonstrated in entrepreneurial activity; but, they are concerned that such applicants are too autonomous, uncommitted to the firm, and unlikely to fit in a typical workplace structure. Some of their concern is that they will hire a candidate who will not remain around because it is expensive to employ and train them for technical tasks, and most importantly, recruiters are assessed by the quality and retention of the candidates they hire. As a result, they generally do not want to recruit someone who will cost the organization more than they will provide an output. Recruiters frequently regard entrepreneurs as people seeking new experiences, and as a result, they fear that they will become bored and seek the next intriguing project, perhaps bringing coworkers with them. When applying for a job, this has drastically lowered their chances of getting chosen. The article proposes that entrepreneurs communicate their desire to fit in and remain dedicated to the organization as a solution when applying for a job. According to the article, they must demonstrate how that experience has prepared them for success at that organization. It is also a good idea to network with individuals who work at the organization in order to advocate for your candidacy, as suggested by the article.

When applying for a job, it has been discovered that entrepreneurs, particularly successful ones, have relatively low odds of being chosen. As a result, this post on the Yale Insights website provides some practical strategies to combat this.

Even with the drawbacks of being an entrepreneur while looking for a job, there are ways to strengthen your profile as a leader. Especially by doing an executive education program such as the Yale Global Executive Leadership Program (Yale GELP) by Yale School of Management.

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