Job search tips after your business fails

Entrepreneurs returning to the job market may be confused by the barrage of rejections to their job applications. [iStockphoto]

Let’s face it – sometimes a business doesn’t work out. In fact, with statistics showing that 20 per cent of businesses fail in their first year, that happens quite often. In addition, 80 per cent of small businesses fail within the first 10 years.

When the business you started has failed, your only option might be re-entering the workforce as an employee. But that is easier said than done.