Career risks worth takingChen Wan Lim
American author and motivational speaker, Leo Buscaglia said, “The greatest risk is to risk nothing at all”. Taking risks and charting into the unknown can be uncomfortable, especially in important areas such as your career. However, without risk, there is no challenge and hence, no reward. If you take carefully calculated risk in your careers, you might reap great rewards which you have never thought possible. These days, at the way things are progressing and the way the economy is evolving, you will most likely not reach your goals if you just sit still and play safe. Here are some career risks worth taking:
Going back to school
It can be a difficult decision to go back to school to obtain or Master’s degree or an MBA while being employed full time. Regardless if it’s a decision to take a postgraduate degree full time or part time, the financial and time commitment can put a strain on your existing lifestyle. Also, taking on a part-time postgraduate degree could up to a certain extent, affect your work performance if the study load is too much to bear. However, in the longer term, having a postgraduate degree puts you in a great advantage over your peers and allows you to move up further in your career.
Switching industries entails unlearning and relearning many things. You might have been working in the automotive sector for decades but as times change, the opportunities that lie in your existing industry could have diminished. Therefore, take a leap of faith and try switching to another industry which has much greater future prospects.
Taking the entrepreneurial route
It’s often difficult to leave our comfortable career with a consistent salary for a risky entrepreneurial venture. As an entrepreneur, the returns might not be immediate and worse of all, the whole venture might just fail leaving you with nothing. However, before you decide to leave your desk job and start your own bakery business, set aside a comfortable amount of funds for emergency and ensure that your household is in order.
Pursuing your passion
American public official Susan Elizabeth Rice once said, “Focus on something that stirs your soul, it’s hard to excel at anything that you don’t love”. If your current work doesn’t really give you much satisfaction and if you’re finding your career stagnating; then move on over to something that you are passionate about. You might be taking a pay cut, increased working hours and even face challenges you have not anticipated, but doing what you like will give you that satisfaction no other job can.
You might be loathing waking up early, braving traffic and getting to the office early working with people whom you do not really fancy meeting. Why not change it? Try working for yourself. Try freelancing. Freelancing allows you the freedom of selecting jobs that you want and you can work as much or as little as you like. Freelancing these days are made possible from advancements in mobility solutions. If you find freelancing isn’t for you, you can always opt to go back full time.
Joining a start-up
Joining a start-up is a big career risk as the company is at its infancy, funding is a challenge and the business is somewhat still experimental. However, joining a start-up challenges your problem solving skills, trains you to have an entrepreneurial mind-set and allows you the freedom of applying non-conventional solution to problems. The greatest upside is when the start-up is successful and you end up owning a portion of the company.