Showing posts with label Career. Show all posts
Showing posts with label Career. Show all posts

Sunday, July 18, 2010

I Want to Move to a New Career - Should I?

This is difficult question, made even more difficult by the economy. You may have had the extra money from savings or a severance, but now that amount could be dropping.

I just don't see everyone moving to another career. Our local TV ran a story of a young lady who had a life-long dream of opening a Cupcake Shop. That's right, bake cupcakes, market and sell, and start the process over again six days a week.

What did this person need to have moving to a new career?

An incomplete list would be first, love of baking. How about another needed "ingredient," knowledge of baking. Then ability to do a market analysis to see if timing was correct. Perhaps a geographic study to determine if the neighborhood could afford to purchase the cupcake product. How about money to support a start up? How about family to support her in every way possible? To be complete, you need a "business plan" and research the bee-gee-bers out of the plan. Most likely, a plan will continue to evolve and evolve until you have a substantial plan, or you decide it's a no-go. But do the planning!

So perhaps the first step is to find something you love. Next, realize you will be hampered by this comment "What I Have To Do?" versus "What Do I Want To Do?"

Roof over your head, food on the table...... and on and on.

What ever the case, the key is planning. You will need a good business plan and have several persons of merit review the plan. Start with your spouse. But include a friend, relative, and someone you trust to share the idea. You need to be "close to the vest" so no one steals the idea. But you need to be realistic and not do something ill-advised.

For me, my deep-seated reason for life is to help people with careers, with guidance in making career decisions, and make people the best they can possibly be. My differential is that I'm "fee-based." And I'm not a psychologist; I'm a nuts-and-bolts realist.

Figure out if what you want to do is feasible. Is in economical? Can you support your family? Where will you turn for assistance? What does your spouse think? What does your CPA / attorney / person-of-trust think?

Finally you need to do a self-examination.....What do you think?

Changing careers takes talent, skill, understanding, insight, and finally money. This is a reason to seek professional review and plan for any new adventure.

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