Advertising
Advertising

Pick Your Job Based On What You Love To Do, Not How Much You Have Invested In.

Pick Your Job Based On What You Love To Do, Not How Much You Have Invested In.

Have you ever continued to pursue something even though it no longer served you? Maybe it’s a degree program or the dead-end job that you refuse to give up. Perhaps you’ve stayed in a relationship for no other reason than the fact that you’ve been committed to it for so long. From time to time, we all justify staying the course by considering the effort we’ve put into our current situation.

Many of us decide to take a job just because it’s a good use of our training. When we invest time and money in getting a degree, we expect that we should use it. Maybe you hate your job, but you can only envision yourself taking similar positions with equal or greater pay and responsibility. You may feel trapped by the decisions you made before, but you don’t have to be.

Whatever you do, do it because you love it.

    Photo credit: Source

    Advertising

    When you are trying to figure out how to decide on a career, it is easy to be influenced by the types of work and training you’ve already undertaken. In general, you get a degree or training in a field that interests you, and this leads you to a job in that field.

    If you should ever decide to leave your job, there’s a high probability that you will look for work in the same field with similar pay and responsibilities. You are less likely to consider whether you still like the work that you do — you feel obligated to continue your career trajectory regardless of how you feel.

    This is how people get stuck doing jobs that they don’t like. Instead of thinking about what would make you the best and happiest version of yourself, you may face temptation to maintain the status quo. Many of us do this because we fear wasting our efforts.[1]

    Others feel that their persistence will eventually be valued, and changing course doesn’t fit well within the story they are creating about themselves or their business.[2] They may willingly take on sunk costs with the belief that their situation will improve.

    Advertising

    Don’t get sucked in by sunk costs.

      Photo credit: Source

      The sunk cost fallacy is the assumption that you must continue follow a trajectory because you have already put lots of resources into that particular career path or personal endeavor. We can be so loss-averse that we avoid the possibility of greater gains through changing our approach.[3]

      If you are wondering how to decide on a career, and you take a job solely because it makes use of your years of training, then you might be worrying more about sunk costs than your future happiness and success. Refusing to leave a career that is unfulfilling could be a sign that you are caught in the job investment trap, which is a variation of the sunk cost fallacy.[4]

      Advertising

      Businesses also fall into this pattern of continuing down a failing path just because they already put time and money into initiatives. For example, an entrepreneur might take out a loan to open a second business location. They reason that since business is booming at Location #1, success in Location #2 should be a cinch.

      After about a year, the owner realizes that Location #2 is hemorrhaging money, and the only way to stop the bleeding is to scale back to one store. The numbers don’t lie, but despite the irrefutable evidence, the owner may still have trouble cutting his or her losses. The business owner thinks about the effort, time, and emotion that went into Location #2.

      From an outsider’s perspective, it is easy to see that the business owner in the example or the person stuck in an uninspiring career should try something new. It is harder to let go of sunk costs when we are faced with them ourselves.

      You aren’t a one-trick pony.

      Just because you took a particular course of study in school doesn’t mean that you are bound to that discipline for the rest of your life. When you are figuring out how to decide on a career, ask yourself the following questions:

      Advertising

      • What are you interested in doing? If you are passionate about your work, then it won’t feel like a burden.
      • What skills do you need to do this job? We often think of our degree or primary training as our default career option, but the default may not be the best choice. If you need to change focus, what transferable skills do you have, and what additional training will you need to be successful?[5]
      • Is there room for growth in this job? Today, the average employee stays with a company for 4.2 years before moving on.[6] What types of skills can you build in your current work? How can you leverage your growth to position you for a fulfilling career?
      • Do you have opportunities to work with different people? Forming meaningful connections with people is one of the best things you can do for yourself professionally. You’ll not only be happier at work, but if you decide to change careers, you will already have a solid professional network. [7]
      • What can this job offer you in 3 years? Consider your expectations for income and authority-level in the next three years. Is this job going to give you what you want? If not, how will taking this position help you work toward your end goal?
      • Can this job help you to become the kind of person you want to be? Being inspired by the work that you do can brighten even the toughest days. Do you feel that your work is meaningful?[8] Does it bring you closer to being the optimal of yourself?

      Know when to hold and when to fold.

        Photo credit: Source

        You can’t recover sunk costs, but you don’t have to perpetuate a cycle of loss. “I’ve already put so much time into this,” isn’t a good enough justification to continue down a particular path.

        Deciding to change directions doesn’t meant that you have failed. It makes zero sense to continue to put resources into something that isn’t working for you. Although you may feel like you have wasted an experience or lost time, remember that you have probably learned some valuable information as you undertook the process. Just because it didn’t go the way you expected doesn’t mean that it’s a total loss.

        Being successful and following your dreams are not mutually exclusive. Use what you know to keep growing, and don’t be discouraged if you have to change course along the way.

        Reference

        More by this author

        Angelina Phebus

        Writer, Yoga Instructor (RYT 200)

        Foods That Can Suppress Appetite And Help With Weight Loss Quality or Quantity? Why Don’t You Sleep On It What it Feels Like To Be The Child of Your Children? Pick Your Job Based On What You Love To Do, Not How Much You Have Invested In. How to Become Successful 10 Times Easier: Don’t Focus on Improving Your Faults

        Trending in Work

        1 How to Write a Powerful Mission Statement for Your Business 2 20 Inspiring Vision Statement Examples (2019 Updated) 3 How to Quit Your Unfulfilling Job and Lead Your Dream Career 4 8 Critical Skills for Workplace Success and Career Advancement 5 How to Find Work Motivation When You’re Unfulfilled at Work

        Read Next

        Advertising
        Advertising
        Advertising

        Published on March 20, 2019

        How to Write a Powerful Mission Statement for Your Business

        How to Write a Powerful Mission Statement for Your Business

        Have you ever felt lost in the minutia of your job?

        As a business owner, I can relate to getting bogged down in the day to day operations of my business. Things like inventory, payroll, scheduling, purchasing and employee management take up the bulk of my day.

        While these things are important and need to get done, focusing too much on the details can make you lose sight of the big picture. This is why having a good mission statement comes in handy.

        What is a Mission Statement?

        Put simply, a mission statement is an internal document that provides a clear purpose for the organization. It provides a common reference point for everyone in the organization to start from.

        In other words, after reading your company’s mission statement, managers and employees should be able to answer the question “What are company’s main objectives?” For example, Southwest Airlines mission statement reads:[1]

        “Southwest Airlines is dedication to the highest quality of Customer Service delivered with a sense of warmth, friendliness, individual pride, and Company Spirit. We are committed to provide our Employees a stable work environment with equal opportunity for learning and personal growth.”

        In this single statement, Southwest conveys the company’s goals of providing the highest level of customer service as well as providing a good working environment for their employees.

        Mission Statement VS. Vision Statement

        While the mission and vision statements are related, there are subtle but distinct differences the you should be aware of.

        First of all, a mission statement is designed primarily as an internal company document. It provides clarity and direction for managers and employees.

        While there’s nothing wrong with sharing your company’s mission statement with the outside world, its intended audience is within the company.

        While a mission statement provides a general framework for the organization, the vision statement is usually a more inspirational statement designed to motivate employees and inspire customers. Going back to Southwest Airlines, their vision statement reads:[2]

        “To become the world’s most loved, most flown, and most profitable airline.”

        This statement inspires good feeling from the customer while motivating the employees to achieve that vision.

        What Does a Good Mission Statement Look Like?

        When coming up with a mission statement, it’s important to take your time and do it right. Too often, people (especially entrepreneurs) just write down the first thing that comes to mind and they end up with worthless or (worse yet) a generic mission statement that is utterly useless.

        Advertising

        Remember, a mission statement should provide a common framework for everyone in your organization.

        When writing a mission statement, you should always try to incorporate the following;

        • What we do?
        • How we do it?
        • Whom do we do it for?
        • What value are we bringing?

        Now, you can see how tempting it is to just come up with something generic that ticks off those four boxes. Something like “We provide the best widgets available online for the consumer.”

        After all, that did check off all the boxes:

        What we do? Provide widgets.

        How we do it? Online.

        Who do we do it for? The consumer.

        What value we bring? The best widgets.

        The problem with this mission statement is that it could apply to any number of companies producing the same widget. There is nothing to distinguish your company or its widgets from any of your competitors widgets.

        Compare that mission statement to this one:

        “We provide the highest quality widgets directly to the consumer at an affordable price backed up with a 100% satisfaction guarantee. If our clients aren’t 100% satisfied, we’ll make it right.”

        What’s the difference?

        Both mission statements answer all the same questions of what, how, whom and value. But in the second statement, they are differentiating their company from all other competitors by answering the question “what makes us unique”.

        Another way to read that is, “Why you should buy from us.” In this example, it’s because our widgets are of the highest quality and we stand behind them 100%.

        Advertising

        You might have noticed the statement didn’t say that we sell widgets at the lowest possible price. That’s because we are emphasizing quality and satisfaction over price.

        A different company’s mission statement may emphasize selling widgets at the lowest possible price with little to no mention of a guarantee.

        Hallmarks of a Good Mission Statement

        1. Keep It Brief

        Your mission statement should be no longer than three sentences. This is not your company’s magnum opus.

        You should be able to distill the what, how, who and why questions into a succinct message.

        2. Have a Purpose

        A company’s missions statement should include the reason it even exists.

        Make clear exactly what the company does with statements like “We strive to provide our customers with …….”

        3. Include a “How”

        Take this as an opportunity to differentiate your company from its competitors.

        How do you provide a product or service that’s different or better than how your competitor provides it?

        4. Talk About the Value You Bring to the Table

        This is where you can really set yourself apart from the competition. This is the “why” customers should buy from you.

        Do you offer the lowest prices? Fastest delivery? Exceptional customer service? Whatever it is that sets you apart and gives your particular products, services or company an advantage talk about it in the mission statement.

        5. Make Sure It’s Plausible

        It’s okay to shoot for the stars just to settle for the moon, but not in a mission statement.

        Being overly ambitious will only set you and your employees up for failure, hurt morale and make you lose credibility. You will also scare away potential investors if they think that you are not being realistic in your mission statement.

        6. Make It Unique and Distinctive

        Imagine if someone who knew nothing about your business walked in and saw how it was operating, then they read your mission statement. Would they be able to recognize that mission statement was attached to that business? If not re-work it.

        7. Think Long Term

        A mission statement should be narrow enough so that it provides a common framework for the existing business, but open enough to allow for longer term goals. It should be able to grow as the business grows.

        Advertising

        8. Get Feedback

        This is very important, especially from managers and employees.

        Getting their input can clarify how they currently see the company and their role within the organization. It’s also a good way to get people “on-board,” as studies show that people are more likely to go along with an idea if they feel included in the decision making process beforehand.

        9. Review Often and Revise as Necessary

        You should review the missions statement often for two reasons.

        First, as a reminder of what the essence of the company is. It’s easy to forget when you are in the day to day grind of the business.

        And two, to make sure that the mission statement is still relevant. Things change, and not everything can be anticipated at the time a mission statement was written.

        For example, if a mission statement was written before the advent of the internet, a company that use to sell things door to door now probably has a website that people order from. You should always update the mission statement to reflect these changes.

        The Value of Mission Statements: Why Go Through All of These in the First Place?

        It may seem like a lot of work just for a few sentences that describe a company, but the value of a well written mission statement should not be discounted.

        First of all, if you are an entrepreneur, crystallizing the what, how, whom and value questions will keep you focused on the core business and its values.

        If you are a manager or other employee, knowing the company’s basic tenants will help inform your interactions with both customers and colleagues alike.

        Strategic Planning

        A relevant mission statement acts as a framework for strategic planning. It provides guidance and parameters for making strategic decisions for the future of the company.

        Measuring Performance

        By having the company’s mission in a concrete form, it also allows for an objective measurement of how well the organization is meeting its stated goals at any one time.

        Management can identify strengths and weaknesses in the organization based on the criteria set forth in the mission statement and make decisions accordingly.

        Solidifying the Company’s Goals and Values for Employees

        Part of a well run organization is nurturing happy and productive employees.

        As humans, we all have an innate need for both purpose and to be part of something larger than ourselves. Providing employees with a clearly defined mission statement helps to define their role in the larger organization. Thus, fulfilling both of these needs.

        Advertising

        Now I’m not saying that a mission statement can overcome low pay and poor working conditions, but with everything else being equal, it can contribute to a happier and more productive workforce.

        To Hold Management Accountable

        By creating a mission statement, a company is publicly stating its highest values and goals for the world to see. By doing so, you are inviting both the public and your employees to to scrutinize how well the company lives up to its ideals.

        So if you state that you only provide the highest quality products, and then offer something less, it’s fair for both the public and the employees to question, and even call for a change in management.

        If management doesn’t take the mission statement seriously, no one else will either; and the legitimate authority that management rely’s on will be diminished.

        To Serve as an Example

        This is the opposite side of the coin from the previous statement. If the highest levels of management are seen taking the mission statement seriously and actively managing within the framework of the statement, that attitude filters down throughout the organization.

        After all, a good employee knows what’s important to their boss and will take the steps necessary to curry favor with them.

        Finally, use the company’s mission statement as a way to define roles within the company. You can do this by giving each division in the company a copy of the mission statement and challenge the head of each division to create a mission statement for their respective departments.

        Their individual mission statements should focus on how each department fits in and ultimately contributes to the success of the company’s overall mission statement. This serves as both a clarifying and a team building exercise for all parts of the organization.

        Final Thoughts

        Developing a mission statement is too often just an after-thought, especially for entrepreneurs. We tend to prioritize things that we perceive will give us the biggest “bang for our buck.”

        Somehow, taking the time and effort to sit down and think seriously about the what, whom, how and value of our business seems like a waste of time. After all, we got in the business to make money and become successful, isn’t that all we need to know?

        That mindset will probably get you started okay, but if you find yourself having any success at all, you’ll find that there really is such a thing as growing pains.

        By putting in the time and effort to create a mission statement, you are laying the groundwork that will give you a path to follow in your growth. And isn’t building long term success what we are really after?

        More Resources About Achieving Business Success

        Featured photo credit: Fab Lentz via unsplash.com

        Reference

        [1] Southwest Airlines: About Page
        [2] Fit Small Business: 10 Vision Statement Examples To Spark Your Imagination

        Read Next