Many of us became used to having to apply for a new job if we wanted to move up the career ladder. Changing employers every couple of years became the norm, but promotion was not going to progress us through the ranks quick enough.
Now everything feels like it has come to a halt. There are fewer jobs out there, so far fewer opportunities to make sideward or upward hops. If your career feels like it is frozen in time you are not alone.
Many executives have become stuck with the company they are working for. Times are tough, so advancement seems to be out of the question. With few opportunities on the jobs market to take advantage of, you may feel you are in a rut with no chances for career development or a salary increase. If this sounds familiar, it may be time for you to take a risk, and go all-out for yourself.
The experience you have acquired over the years is valuable to lots of businesses. Sadly, most of them cannot afford to pay pensions and benefits packages. What they are looking for is good quality people to advance their business, without the human resources overheads. This is where you can step in. Offering your services on a self-employed or consultancy basis may be just what you are looking for. It puts you firmly back in the driving seat of your career and allows you to pick and choose the businesses you associate with.
You may want to take on some advice about where you are positioned with your career, and what your advancement opportunities may be. Someone like Geoff Blades does Executive Coaching in the New York Wall Street area on WallStreetTeach.com. You may be able to gain some valuable insights into your options and find out good career paths to take to improve your position.
Leaving your current employer may not be something you can do straight away. You need some time to get some money behind you and be in a comfortable position to be able to walk away and pursue other interests. Start by preparing a budget plan. You need to work out what your living costs are before you can be certain about the figure you need to see you comfortable for six to twelve months. If you have a family, they will need to be on board with your plans too.
If you do set up your own business or consultancy, you will need to find your own pension plan and benefits providers. Without these, life can get very difficult at times. Planning for this helps you set a reasonable fee for your services as well. Many self-starters think they can leave these important costs out until they are better established but leaving it can harm your financial future. Speak to an advisor about the best moves to make. Most importantly, enjoy the freedom of being the boss of your career. You can move yourself wherever you want to go, with a little help from the right people.