How Can I Convince Interviewers I Won't Leave Again for a Business Venture?

Dear All, I have 13 years of work experience. It's almost 1 year since I left my last job to explore a business opportunity. Somehow, due to the market scenario, it didn't work out successfully. Now, I am planning to get back to a job.

Common Interview Question

It's a common question asked by interviewers: what's the guarantee that you won't quit again to start your own business?

Please help me with how to answer this.

Thanks, Yakkin

Upon reflection, you may realize that starting or running your own business is not your forte, which is why you are now seeking a job. If you are familiar with Kolb's Learning Cycle, you can use it to explain your thought process.

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I have corrected the spelling and grammar errors in your text and organized it into two separate paragraphs for better readability.

I agree with Simham. Please highlight the learning that you have gained as an entrepreneur and how it can be useful to your future employers. In fact, entrepreneurs are the first choice when a company hires for a business unit lead. However, you may have the stigma of not being able to make your venture work. Please share your learnings honestly, including what led you to try entrepreneurship and why you have decided it's not the right area for you. Focus on how you can apply these learnings to benefit your future employer.

Suppose you started a logistics business. You have always excelled in operations, which is why you started the business. However, it failed within a few months. Apart from the economic recession, reasons for the failure could include lack of a robust network support, a requirement for a large investment, and long lock-in periods for payment, which are easily manageable for a large company but challenging for a first-timer. Running a business has given you a deep understanding of the cost-benefit ratio compared to your peers, enabling you to work towards ensuring profitability.

Wishing you all the best.

Regards,