Advertising
Advertising

10 Keys To Get Through A Career Crisis

10 Keys To Get Through A Career Crisis

Dealing with a career crisis is a topic that has a very personal application to me. It is very real because I experienced one, and it had a profound impact on me. So much so that I literally wrote a book about it.

I had to deal with a major crisis early on in my career as a corporate lawyer. The crisis was simple: I found myself very discouraged and depressed at the prospect of doing law for the rest of my life. I truly disliked it, and I wanted to make a career change to something that brought me fulfillment.

The problem was that I initially didn’t know what to do. I had spent almost a decade obtaining the necessary education to become a lawyer, not to mention well over several hundred thousand dollars in real and opportunity costs to get my education. I had to really soul search and redefine what I believed about myself and what I wanted to accomplish in my career. The result was a tremendously empowering process, and in this article I will share 10 of the insights I learned in leaving law to find empowerment as an entrepreneur, consultant and writer.

Advertising

1. First, determine if it is a real crisis or simply a trying experience.

Not everything is a career crisis, and all careers have challenging times, even careers that are “right.” Just because your career is engaging, generally enjoyable, and personally meaningful doesn’t mean that it won’t have its challenging times. That’s life. Life is about change and challenge. So before we look at major changes, we should determine if this is a “crisis” or if it is simply a challenge. The answer will determine the steps we take next. A crisis could very likely lead to a career change. A challenge is an opportunity to dig in and develop grit, courage and persistence. It is a character moment.

2. If it’s just a challenge then remember your why.

It’s just a challenge if you still love the career and you want to get better at it and progress to the point of mastery. If you find yourself in a career “challenge” but you don’t want to leave the career, then simply remember your “why.” Why did you get in this career in the first place? Expanding on that, what have you yet to accomplish in this career? What have you yet to learn? How can you improve and grow? What does success in this field mean to you? Go back to the fundamentals of your why. When you do this you’ll gain resolve and courage to move forward beyond the present challenge.

3. If it’s a crisis don’t get discouraged, but know you’ll need to make a change eventually.

It may not be simply a challenge. It may be a full-blown crisis. That’s what happened to me in law. I knew without a doubt that law was not right for me, and I needed to do something else with my life. If you find yourself in the same position, don’t get discouraged. No one said you had to get it right on the first go (although it can feel discouraging to have to change, especially after you have educated yourself for a certain path). Stay positive: you can make a change, but know that the change is inevitable.

Advertising

4. It’s a crisis if your values are not aligned with what you are doing.

What do you truly value? What is unique about you? Do you like to create? Do you value teaching? Are you a contributor? Do you uniquely value freedom? Does your current career align with your unique values? If no, then you’re on a dangerous path. I realized that the things I valued most were freedom, communication, contribution, and adventure. Law didn’t provide that for me. Entrepreneurship was a better path. Do a values analysis and compare it to your current career.

5. Take full responsibility, only you can create a solution.

I can’t stress this point enough. Resist the urge to blame. Don’t blame your boss, your current employer, your parents. You are where you are because you made choices. You can get to a new place if you simply make new choices. You are the solution. If you blame someone for where you are, you are actually giving away your power. You are giving away the solution. If someone is to blame, then you have no power to change. But you do have power to change, and to accept the responsibility.

6. Change is never easy, take courage.

If you are in a full-blown career crisis you’ll have to do things that require courage. However, each action that you take that requires courage builds your courage a little. The first step might just be to admit to yourself that you are not happy and that you need to make a change.

Advertising

7. Keep composed and remain calm, good things will come.

Action holds anxiety at bay. I know from personal experience that a career crisis can be terribly stressful. Try your best to stay calm, and when you feel the anxiety, just take more action. Keep yourself healthy, move and breathe, take care of yourself. Stay composed because your actions will be most effective when you are calm in your mindset.

8. Be realistic in your expectations.

Being real is very empowering. It is realistic to suppose that all careers, even ones that are aligned with your values, will have their challenging moments. It is realistic to suppose that if you make a change you may not initially make as much money as you were making in the career that you hated. If you’re leaving a secure pay check to build a business, it is realistic that the business may take a little longer than you think to get going. But that doesn’t mean that you should quit. It just means that businesses often take a little while to get going. Be realistic in your expectations.

9. Take the long view.

This is a powerful strategy. If you take the long view, then little challenges won’t get you down. This is another test for whether you are in a career that is right for you. Do you want to master this field? Are you willing to work for years and years to become great at this? If you choose a career where the answer to these questions is yes, then you are on a good path. If you’re only concerned about the short term and the pay raises, you should seriously consider whether or not you need to make a dramatic change.

Advertising

10. Your work matters, so find work that is personally meaningful, independent of money or status.

Your work matters. Work gives us self-confidence and a sense of purpose. Don’t discount the intrinsic value of doing work that is personally meaningful. So much of our world is focused on getting more money and being recognized for our success, but these conquests are often hollow victories and they don’t have the depth of meaning that doing personally satisfying work does. When you find that career in which your actions are intrinsically meaningful, you are on the path to a lifetime of empowerment and fulfillment.

More by this author

How to Increase Willpower and Be Mentally Tough Manage Your Anxiety With These 12 Useful Tips 10 Common Excuses In Your Head That Are Dragging You Down 10 Ways to Ignore the Naysayers and Achieve Your Dreams 7 Essential Keys To Finding Fulfillment At Work

Trending in Work

1 10 Key Characteristics of a Highly Successful Entrepreneur 2 Feel like Giving Up? 16 Way to Help Entrepreneurs Stay Motivated 3 How to Quit Your Job That You Hate and Start Doing What You Love 4 8 Things to Remember When You Don’t Know What to Do with Your Life 5 Why a Career Change at 50 Is a Great Opportunity & How to Make It Work

Read Next

Advertising
Advertising

Last Updated on October 18, 2018

10 Key Characteristics of a Highly Successful Entrepreneur

10 Key Characteristics of a Highly Successful Entrepreneur

When it comes to starting your own business and pursuing your dream of becoming an entrepreneur, it can be advantageous to go all in and embrace the flexibility of finally quitting your day job.

Keep in mind, though, that it takes a special kind of person to take the business world by storm: a person who has cultivated the key characteristics of entrepreneurial success.

People with these characteristics are likely to succeed, whereas people without them have difficulty moving forward with even the most brilliant business ideas.

These characteristics of an entrepreneur are so important that I’ve decided to cover all 10 of them in detail so that you can start your business with your best foot forward.

1. Successful Entrepreneurs Practice Discipline

Plenty of business experts claim that you can’t get anywhere as an entrepreneur without vision or creativity, but that’s simply not the truth. Instead, the one quality that no entrepreneur can be successful without is discipline.

To build an idea into a business, you have to have the discipline to spend time slogging through the least fun parts of running a business (like the bookkeeping), rather than taking that time to do something fun.

Andrew Carnegie, one of the most financially successful Americans of all time, grew up working dull and difficult jobs in factories. Despite going to bed hungry some nights, he continued doing his best work. He was eventually hired by a railroad company and continued to move up the ladder until starting his own successful businesses. Carnegie is a fine example of an entrepreneur dedicated to discipline and hard work. He truly earned his dreams of prosperity and success.

When you’re the boss, there’s no one to keep you at work except yourself — and there’s no short-term consequences for skipping out early.

Sure, if an entrepreneur plays hooky enough he knows that the business just won’t happen, but it’s very hard to convince someone that ‘just this once’ won’t hurt (and to keep ‘just this once’ from becoming a daily occurrence).

Advertising

2. Successful Entrepreneurs Keep Calm

Things go wrong when you run your own business.

Most entrepreneurs go through crises with their businesses — and more than a few wind up with outright failures on their hands. But when you’re responsible for a business, you have to be able to keep calm in any situation. Any other reaction — whether you lose your temper or get flustered — compounds the problem.

Instead, a good entrepreneur must have the ability to keep his cool in an emergency or crisis. It may not make the problem easier to solve, but it certainly won’t make it harder.

Honestly, losing your calm is a quick path to becoming the kind of person who gives up in the face of adversity. Instead giving in to frustration, remember classic entrepreneur Benjamin Franklin.

Franklin kept his calm as he experimented and tweaked his inventions again and again in pursuit of success. He didn’t give up during his many failures – he chose to innovate. You can choose innovation, too.

If an entrepreneur can handle failure without frustration or anger, s/he can move past it to find success.

3. Successful Entrepreneurs Pay Attention to Details

Restricting your attention to the big picture can be even more problematic than ‘sweating the small stuff.’

As an entrepreneur, unless venture capital has magically dropped out of the sky, a small expense can be a killer. It’s attention to detail that can make a small business successful when it has competition and it’s attention to detail that can keep costs down.

Attention to detail can be difficult to maintain — going over ledgers can be tedious even when you aren’t trying to pay close attention — but keeping your eye on a long-term vision is just asking for a problem to sneak in under a radar.

Advertising

After a business grows, an entrepreneur might be able to hire someone to worry about the details. In the beginning, though, only one person can take responsibility for the details.

Skeptical about the importance of details? Look no further than Howard Schultz, who grew a small coffee shop called Starbucks into one of the most globally successful coffee businesses in the world through his extreme attention to detail.

He is famous for taking all aspects of growing a business into account, paying attention not only to financially smart business decisions, but also focusing on socially responsible business decisions. Details can take you far.

4. Successful Entrepreneurs Embrace Risks

No entrepreneur has a sure thing, no matter how much money s/he stands to earn on a given product. Even if a product tests well, the market can change, the warehouse can burn down and a whole slew of other misfortune can befall a small business.

It’s absolutely risky to run a business of your own and while you can get some insurance, it’s not like most investment options. Even worse, if something does go wrong, it’s the entrepreneur’s responsibility — no matter the actual cause. In order to deal with all of that without developing an ulcer, you have to have a good tolerance for risk.

You don’t need to channel your inner frat boy and take on absolutely stupid risks, but you need to know just how much you can afford to risk — and get a good idea of how likely you are to lose it. If the numbers make you uncomfortable, the risk is too great.

Embracing risks is essential for growth and additional success, as well. Walt Disney, for example, could have stayed comfortable with his advances in the film and animation industries, but decided to expand his brand with a new dream: a theme park that soared above the competition. Without taking this risk, the incredibly successful Disney theme park empire would never have come about.

An entrepreneur has to be willing to accept pretty big risks, with some level of comfort.

5. Successful Entrepreneurs are Balanced

You can take any characteristic too far. There’s a point at which attention to detail can become obsession or calm can become unemotional response.

Advertising

As an entrepreneur, you have to be able to balance your characteristics, getting the most of them without going over the edge. But balance for an entrepreneur goes far beyond keeping your characteristics in check, though.

Just as an entrepreneur doesn’t have a boss to keep them at work when necessary, they don’t have one to send them home when they’re done. If you are working for yourself, you have to decide how to balance your work and home life — and if you have a day job to add into the equation, balance just gets more complicated.

Oprah Winfrey, one of the most successful and influential entrepreneurs out there, understands the importance of balance. Winfrey has a lot going on; she runs her own media kingdom, acts, produces films, publishes print, and more. In an interview with Fast Company,[1] she talks about her efforts to balance priorities and self care, saying that she must ask herself what is truly important in each limited day.

You may or may not have as much on your plate as Oprah, but learning how to balance whatever you have going on in life will certainly help you farther along down the road as you learn to be a great entrepreneur.

6. Successful Entrepreneurs are Passionate and Motivated

In order to develop any of the above characteristics, you must have a foundation of passion. Staying disciplined day after day during the building of your business takes unrivaled motivation.

Before you start any business, ask yourself if you can sustain true excitement about your idea during even the darkest days ahead of you. If the answer is yes, then good for you! Nurture your natural motivation by taking these action steps throughout your business journey:

  • Commit to making short and long-term goals. Check in with them often to stay on task.
  • Have a plan in place for the inevitable days when you feel discouraged. Make a list of things that will help keep you motivated and focused.
  • Share your ideas with trusted individuals who are just as excited as you are. They will help keep your enthusiasm rolling even when you are feeling down.

By being prepared for apathetic days and holding fast to your authentic passion, you can actually enjoy your journey to success.

7. Successful Entrepreneurs Adapt

Remember this one word: flexibility. Seasoned entrepreneurs know that change is not only a part of life, but also a part of the business world. Expect change and choose to adapt.

As a new entrepreneur, it will be tempting to cling to your original business plan with no exceptions, even if you notice it isn’t working. Good entrepreneurs know that it’s okay to make smart, informed changes in order to ensure efficiency.

Advertising

8. Successful Entrepreneurs are Marketing and Sales Experts

No matter what kind of business you are starting, a knowledge of marketing and sales will save you many headaches. A passion for creating a beautiful handmade lifestyle product is not enough to run a successful lifestyle brand; it is critical that you understand key business principles in addition to your natural skills or great product line.

Not sure how to start? Taking business courses is a great idea, but you can also easily brush up on sales and marketing through free online resources. Check out these 10 Sales Skills Everyone Should Master To Be Successful to begin now.

9. Successful Entrepreneurs Have Strong Money Management

Along with sales and marketing skills, money management is a very useful tool in the box of the entrepreneur. Understanding how to best manage your money can be the difference between early success and early failure in the business world.

If money management isn’t your strongest skill, prepare to hire a financial expert to help you with any tricky business that comes up. Financial guidance and knowledge is never a bad idea.

10. Successful Entrepreneurs Ask Questions and Continually Improve

Pride is a natural human quality, but it’s important to humbly conduct some constructive criticism every now and again on both yourself as a leader and your new business as a whole.

Assess how things are going and be willing to make positive changes if necessary. Here’re 15 ways to cultivate lifelong learning.

If you are always improving, then how can you ultimately fail?

The Bottom Line

Let me remind you of one important fact: the qualities of an entrepreneur listed here are not exclusively available to some people and elusive to others.

Although some people may have natural strengths and weaknesses, these qualities can be learned by anyone interested in taking up the entrepreneurial challenge. It might not be easy to change old habits, but it is absolutely possible to cultivate these characteristics in yourself.

Whether you’re a business owner or an aspiring entrepreneur, with hard work, you can train yourself to develop the qualities that truly determine the entrepreneurial spirit and future success.

Featured photo credit: Unsplash via unsplash.com

Reference

Read Next