4 Tips for Downshifting in Your Career

Career Management

Career changes are hardly unusual, and these days, there are plenty happening. Many are evaluating how they spend their time and asking themselves if they still want to be spending a couple of hours a day commuting and another 50, 60, or more hours per week at work. If this sounds familiar, the tips below can help you make the leap.

Take Stock

There are certain steps for successful career planning you should be aware of and follow. The first thing to do is take stock of your financial, personal and career situation. What are your savings like? How is your retirement plan? What are your obligations? Can you afford to cut back on how much you work? How will that affect the rest of your life and the people in it? Do you need to make some hard decisions, such as deciding whether you should move? Think about your career in general as well and what you want to be doing in five, 10 and 20 years down the road. How does what you will do today get you closer to those goals? Or maybe you aren’t sure what you want to do next. That’s fine too.

Make Concrete Changes

At some point, you’ll need to start thinking through the logistics of the concrete changes that you plan to make. If you are keeping your job but shifting how you do it, you might be working at home a lot more. You may need a home office, something more than a corner of the dining room table. Maybe you even want to build an addition onto your home. How will you pay for this? One option might be to take out a personal loan and spread out the payments over time. You can look online at options that might suit you.

Consider Consulting

On the other hand, maybe you want to move on from your workplace altogether. Depending on what your background is, one potential option for you could be moving into consulting. This can be a lucrative alternative for many people who have achieved a certain level of professional success within their field. From finance to management to obscure academic areas of research, there may be opportunities. Along similar lines, you might want to look into training and public speaking.

New Career

For many, the only solution will be a new career. This could be because you are so burned out on the one that you currently have that you no longer want to work in the industry any longer. It might be because you have more flexibility now to pursue something that you have wanted to for a long time, or it could simply be that you are ready to move on. If you know you want a complete career change but you aren’t sure what you want to do instead, spend some time thinking about how you want your values reflected in the work you do and how you want to spend your work hours. Think about whether you want to spend time working as part of a team, independently, whether you prefer to be active, or you’d rather sit at a computer.

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