Managing a Successful Career Transition: 5 Key Tips 83

Managing a Successful Career Transition: 5 Key Tips

The following article is a guest post.

Transitioning from one career to another is never easy. Sometimes it’s a carefully-premeditated choice and sometimes it’s a force of nature imposed on you without warning. Whether your career transition is planned or impromptu, it gives you a chance to make an incredibly positive change in your life.

If you want to maximize your odds of landing on your feet, take these five career transition tips to heart:

1. Make Full Use of The Help Available to You.

Make sure you marshall all of your social and professional resources when you’re facing a career transition.

Friends, coworkers, and colleagues within the industry can all provide useful counsel, advice, and connections. You’ll find that most people you approach will be flattered that you thought of them. If you discover one person who is especially helpful and provides exceptionally useful guidance, consider asking them to become your mentor.

The help of a mentor can smooth out many of the bumps in a career transition.

It’s not a one-way street, either. Mentors invest their energy in building up a worthwhile colleague so that they can enjoy a strong professional connection in the future. Bear in mind that you have an obligation to repay mentors for the help they provide once you’re in a position to do so.

If your current job makes any sort of transitional service or assistance available, make full use of it. Also, discuss the reasons you are leaving with them as a new employer in a new industry may wish to talk to them when the time comes. It may make it easier when you look for a new job and are wondering how to explain a career transition on your resume.

Don’t neglect government resources, either! There are specific programs available to help many groups (veterans, immigrants, the elderly, economically disadvantaged individuals, people with disabilities, and others) find their way through a career transition successfully.

If you’re leaving a position with a large corporation, make sure you inquire about any transition services offered to laid-off employees. Many companies provide training, counseling, job placement assistance, and much more.

2, Put Yourself on a Skill-Building Schedule.

Cultivating new skills is an essential part of transitioning into a new career. Embrace the opportunity a transition affords you to engage in structured learning. You’re investing in your future as you expand your capabilities, and you can (and should!) look on this as a rare opportunity.

Set aside dedicated time for skill-building and self-development. This time should be prioritized above “free time” or tending to others.

Make sure your loved ones understand that you are taking an essential step toward securing a better future. Not just for your own professional advancement but also for your family as a whole.

3. If Possible, Hang onto Your Day Job.

Working at a job you hate is a terrible place to find yourself if you have no prospects. If you have a career transition in mind, though, working a loathsome job becomes much more tolerable. A steady income stream helps defuse a lot of the potential stress involved in a career transition.

You may also find that getting on the track to a new career (preparing yourself and learning new skills) produces new-found optimism that makes your current job more bearable. Planning out a career transition allows you to put a light at the end of the tunnel in your unloved job.

4. Stay Flexible.

Even highly successful career transitions can veer wildly off-course. As you cultivate a wider skill set, don’t close yourself off from the possibility of exploring a career avenue you might not have considered before.

If, for instance, you’re taking a marketing class and discover you have a real knack for it, you might shift your end goal toward securing a job in sales. The satisfying career you love may not be the one you have in mind when you start your career transition.

5. Stay Dedicated and Make Time for Yourself.

Most workers find career transitions challenging and stressful. Nobody likes change when it’s coupled with uncertainty, and changing careers almost always takes time. As the process goes on, you may find support from friends and relatives dwindling.

If your own enthusiasm for the process starts to flag, make sure you’re looking for fresh connections with upbeat, optimistic people. Investigate local and online groups dedicated to transition support and entrepreneurship. The support and encouragement you need to succeed are always out there!

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What is Cryptocurrency and How Does it Work? 6

What is Cryptocurrency and How Does it Work?

Cryptocurrency is certainly one of the most exciting developments in either finance or technology this century—at least, that’s what you’ve probably been told. However, you might not be satisfied that you know enough about what cryptocurrency really is or how it works to start exploring the many opportunities it offers.

Fortunately, it’s relatively easy to become acquainted with the basics of cryptocurrency. You can get yourself off to an excellent start by checking out this article, which will put you in a position to begin investing in cryptocurrencies for yourself.

What is Cryptocurrency?

At the most basic level, cryptocurrency is simply money that exists exclusively in digital form. There are no physical bills or coins—just numbers representing sums.

That might not seem revolutionary to those of you who are used to the concept of internet banking, but cryptocurrency is more than just a form of money.

The key word here is “currency”—each crypto is a distinct currency in and of itself, akin to the dollar or the pound.

Cryptos are also unique in that the technology they are based on makes them extremely secure. Most cryptocurrencies use blockchain technology, which allows for the creation of a decentralized ledger in which to record transactions.

Instead of having all transaction records stored on a single server (or server bank), blockchain creates multiple copies of the ledger each time a new transaction occurs and distributes them to many individual devices linked to a global network.

As a result, it is effectively impossible to hack or fake transaction records that rely on blockchain technology, since they can always be verified by the copies.

Why are So Many People Investing in Cryptocurrencies?

Now that you know the answer to the question what is cryptocurrency, you probably want to know why so many people are excited about it.

The answer is simple: certain cryptocurrencies have risen dramatically over the past several years—sometimes literally overnight.

Bitcoin and Ethereum are two popular cryptocurrencies that have garnered significant media attention for exactly this reason. Ethereum notably saw a rise of 13,000% in just a year, creating unprecedented wealth for those lucky enough to be holding it at the time.

These success stories have inspired wave after wave of eager new investors, who take advantages of online currency conversion platforms like Uphold to create whole investment portfolios around different cryptocurrencies.

The Risks of Investing in Cryptocurrencies

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Before you run to change your savings into Bitcoin, you should be aware of the risks associated with cryptocurrencies. These risks stem from another crucial difference between cryptocurrency and many other assets: the value of cryptocurrency is based on nothing but the demand for it.

“Bitcoin has no underlying rate of return,” says Jack Bogle, the founder of Vanguard. “Bonds have an interest cupon, stocks have earnings and dividends. There is nothing to support Bitcoin except the hope that you will sell it to someone for more than you paid for it.”

Still, there’s plenty of reason to hope for that with the amount of attention cryptocurrencies are currently receiving. Just be advised that the cryptocurrency market can be as fickle as any of the investors in it.

Despite the risks, cryptocurrencies offer huge potential rewards to their early adopters. Use this guide answering what is cryptocurrency as a starting point to help you learn more about this exciting new technology, and make informed investment decisions that will support your future.

About The Author

Nick Rojas combines 20 years of experience working with and consulting for small to medium business and a passion for journalism to help readers grow. He writes about technology, marketing, and social media for the aspiring entrepreneur. When Nick is not sharing his expertise, he can be found spending time at the beach with his dog Presto.