Ah, strategic job jumping! This topic is in my mind because I am currently leading a committee with Santa Clara County Chamber of Commerce that is putting together an event about career transition and starting your own business. Whether you are transitioning into a new career or looking to start your own business, there are four fundamental elements you should have in place before you leap.
Research, Research, Research
Anytime you embark on a new venture, do the research. In the case of starting a new business, decide what type of business appeals to you. Spend time online learning about the industry. Utilize the services libraries offer. Ask family, colleagues and friends who own a business what they enjoy about being a business owner: what are their likes and dislikes about being a business owner? Visit businesses and observe the environment.
Once you have decided you want to pursue a business idea, assess your level of comfort with risk, both financially and personally. What type of entrepreneurial options fit you best? Do you want to purchase an existing business? Do you want to pursue a franchise? Perhaps neither option is right for you. Is contract work the right option for you?
Job seekers – the same is true for you. If you are interested in making a strategic job jump, research your desired field. Conduct informational interviews with people working in the profession you are interested in changing to. Decide the type of job and environment that fits you best. Do you prefer to work in teams or on your own? Do you want to work remotely or onsite? Do you want to be an individual contributor or do you want to manage people? Answers to these questions will guide you in the right direction.
Make a Plan
Once you have decided to make your move, it’s time to put your plan together. In business, this means putting together a business plan. This is important to determine several factors. Who is your competition? What is your marketing plan? What are your financial goals? How much do you need to invest in your business? What is your breakeven point?
Job seekers, you also need to create a plan. Every week, have a campaign in place outlining who you contacted online and in person, what networking groups you attended and what ads you responded to.
Mentoring and Support
Build yourself a support system. Making a career move or building a business is not easy. It takes a lot of work and dedication! Engage your family and friends in your decision; gain their support ahead of time and they can be your biggest cheerleaders when things get tough. Do you need structure and accountability? Hire a coach. Career coaches can make a big difference when you are looking for a new job. In the long-run, a business coach can shave off time and often save you money as you get your business off the ground.
Build Your Network
As you embark on your transition, build your network. Networking sites such as LinkedIn will help you build relationships and connections with your desired field or business community. Join online forums or groups who can help you stay motivated and engaged.
I’ve made many career transitions in my life. By following these four essential elements, I’ve been able to make strategic job jumps both in the corporate world and now, as a business owner. They’ve worked for me and I know they’ll work for you. With planning, support and connections you can be successful in a career transition or starting a new business.
If you are in Santa Clara, CA, check-out: Women’s Event: Career Transitions & Starting a New Business on July 28th.