Monday, 8 April 2013

5 Steps Towards Transforming Your Career


When I turned 50 a few years ago, the reality of hitting “mid-life” (after all, 50 is the new 30, right?) sparked considerable discussion among friends and colleagues of similar age about what our lives are like today versus the dreams we once had. And, perhaps not surprising, a number of conversations have been around living a more “meaningful” life. Finding your passion, career reinvention, and transitions are also hot topics among the members of Citi’s LinkedIn group Connect: Professional Women’s NetworkExternal Site.
For a few, this has been a spiritual journey to renew their faith. For others, it has meant ramping up their community service work. And for some, like my friends Karla BromExternal Site and Julie BrostermanExternal Site, it was about re-envisioning their professional lives and turning their passions into their work. What they’ve demonstrated is that it’s never too late to reinvent yourself professionally, but it does take discipline, perseverance, and a willingness to take a chance on yourself. With their input, I put together some steps to consider if you are thinking about a career reinvention.
1. Get over the “fear factor.”
Change is frightening for most of us. It’s only natural and appropriate to worry about the possibility of failure, jeopardizing your financial security, or reneging on your obligations to others. But sometimes we get so caught up in what we stand to lose that we forget to consider all that we stand to gain. And, we forget that we are driving the timetable and parameters for making this change. Says Brom, “I knew that I had the personal wherewithal to make the change from working for a large company to working for myself, but was concerned about my financial health. After taking a hard look at my finances, I decided that I could afford to make the transition because I had saved enough (mainly through bonuses) to cover two years of fixed costs. This enabled me to focus on getting myself ready professionally.”
2. Take inventory.
“Begin at the beginning,” says Brosterman, who went from working in the mortgage industry to founding Women & Wine®External Site, a lifestyle company and social media platform community for savvy women who love wine, food, travel, and more, “and that means taking stock of where you are today.” Take inventory of your skills and competencies, accomplishments, and your values, from what you find satisfying to the type of work environment in which you thrive. This will provide a baseline for measuring your “fit” with the field you want to pursue.
Sometimes we get so caught up in what we stand to lose that we forget to consider all that we stand to gain.
3. Do your homework.
Leverage your network to connect with people in your chosen field to help you better understand the current state of that industry or sector and the types of job opportunities that exist today and are likely to exist tomorrow. Notes Brom, “Don’t just focus on the obvious, such as marketable skills, but also inquire about the intangibles, such as workplace culture, scheduling flexibility, and so forth.” She adds, “Networking also is a great way to raise your visibility and start positioning yourself as a serious job candidate.”
4. Close the gap.
Based on your research, compile a list of the critical skills and competencies associated with these opportunities. Then, compare this list against your baseline inventory to assess your “fit,” and identify what additional skills, training, or even education you need to make a successful transition. In some cases, it may mean going back to school to obtain certain licenses or certifications. However, in many circumstances, it comes down to acquiring or honing skills through on-the-job experience. Internships and volunteering are means of gaining experience. When she was planning her transition from traditional finance to microfinance, Brom provided unpaid advisory services to a small consultancy working in the microfinance sector. Not only did this give her practical work experience, the exposure eventually led to her first paid job opportunity in the field.
5. Form a support group.
Both Brom and Brosterman sounded out their goals, plans, and anxieties with a small group of friends as a way of testing their thinking, refining their transition plans, and helping them objectively look at seemingly insurmountable roadblocks.
While the action plan sounds linear, both Brom and Brosterman worked on various steps at the same time. And, there’s clearly some overlap between the steps. I wish that I could say this plan is fool-proof, but I think you understand that there are no guarantees regardless of whether we’re talking about careers or investments. I hope, though, that these tips will help you dream a bit bigger as you re-imagine the second half of your life. Visit Connect: Professional Women’s NetworkExternal Site to hear more inspiring stories and network your way to the next act.



Source: https://www.citibank.com

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