Career Management Part 4

 

 

4 –The Pros Cons of Career Change

I expect that may readers will most likely go to this page first.  It’s recommended that you read all of the chapters.

We always have choices.  Some are calculated carefully to minimize risk.  Still others require some risk.  All things are possible.  However, very few of us make any decision which is based on a possibility of success or failure. It is up to each one of us to assess the probability of an outcome.  And of course, nothing is guaranteed in life.  But you already knew that.

But let’s skim down and see if it is worth it for you.  In my view, these are the big considerations.

Pros of making a career change:
1.) Ability to grow. Say goodbye to mundane tasks. Both entrepreneurship and switching to a different industry will have you pushing new limits by figuring things out, expanding your knowledge and gaining fresh experience.
2.) Focus on strengths and passion. Imagine how great it would feel to spotlight your best abilities and favorite projects day in and day out.
3.) Always working at your best. When you’re fascinated by your field of work, you’re more apt to stay on top of your industry and business altogether. Plus, you’re more prone to want to please your boss and not let her/him down, when the boss is YOU.
4.) Self-reflection. The realization of spending time at a job that is not fulfilling presents the opportunity for soul-searching and contemplating purpose, happiness and personal values.
5.) Sense of control. Simply taking charge and making the decision to change careers can build up confidence, positivity, excitement and ambition.

Cons of making a career change:
1) Financial insecurity. Starting a new business requires investment and also presents the likeliness of an unstable income. Changing industries in anticipation of working for another company might introduce a period of unemployment, paying for additional education and starting with an entry-level salary.
2) Trial & error. It’s important to consider a learning curve and delays when starting something new. Possible setbacks include time, strategy and finances.
3) Doing everything on your own. This one is more geared to those who are starting a small business with a limited budget. Business owners wear many hats and are compelled to learn about all aspects of their business.
4) Stress. Not that you’re not stressed at your current job. So, think of the pressure of completing day-to-day tasks in combination with the intensity of moving an entire company forward.
5) Higher stakes. There is more emotional investment when following your passion and therefore you might experience more worries both in business and personally.

All things are possible. So what is the probability of your success if you change careers? How risk averse are you?

In part 5, we will discuss a step by step process to career plan development.

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