Answered by Brittany, Hiring Expert at ManpowerGroup, on Tuesday, May 16, 2017
Excellent question and that's great to hear that you have that professional first-hand experience into running a business. With so many entrepreneurs in the workforce, chances are your future employers are familiar with this professional route and won't be taken off-guard. Be prepared to answer questions like, "Why did you end your business?", "Why are you pursuing this position?", "Do you work better alone or collaborating with a team?", "How do you handle failure?". When asked some of these tougher, more sensitive questions, be ready to answer in a concise, honest way that leads and ends positively. For example, one of your answers could be something to the effect of, "I am a very strategic and goal-oriented person and therefore try to factor in the risk of what could be considered 'failure' ahead of time. If and when a situation turns out differently than I anticipated, I do my best to learn as much as I can from what happened. What could I have done differently and what can I do differently next time? In my opinion, the only failure is not being able to learn from what's happened."
Best of luck!