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6 Reasons Losing Your Job Can be a Good Thing

6 Reasons Losing Your Job Can be a Good Thing

Unexpected things happen all the time; it’s a part of life. Sometimes those things are good, sometimes they just flat out stink. I recently had the misfortune of losing my job. The company I worked for announced, out of the blue, that they were merging with another company.

My first thought was panic. We needed my paycheck. My husband, friends and coworkers kept telling me things would be fine and that I just needed to start looking for another job.  I realized very quickly that if I didn’t stay positive and focus on the good, then all the bad would overwhelm me.

I’m not trying to belittle the pain and anxiety you feel when you lose your job. Trust me. I know how it feels. But in my experience, you can’t let the loss overcome you. You have to focus on the positive things or you’ll make this experience even harder than it has to be.

These are some of reasons I have found that losing your job can be a good thing:

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1. You finally have the chance to go back to school.

For many people, school is something they either didn’t get to do or haven’t finished yet. In my case I didn’t have the chance to finish my bachelor’s degree. I realized when I lost my job that I didn’t want to go back to work, I wanted to finish school. Finishing school will open more doors for me in the future than working would.

This choice is exciting and scary all at the same time. I haven’t gone to school in almost 10 years.

You need to make the decision whether continuing your education would benefit you or not and if it would be worth it.

2. You can spend some much needed time with the people who matter most.

You could spend these next days sleeping in and then sit on the couch all day and veg or you could wake up in the morning, get ready for the day and spend time with your friends and family. They are your support, they are the ones who will help you make it through this rough patch.

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Take advantage of this time and spend it with your friends and family. You could even ask for their help to spread the word that you are looking for work.

3. You get to choose whether or not to go into the same line of work.

Many people find that the field they have been working in isn’t for them but hesitate moving into a new field because the unknown can be scary. If you lose your job, you’re pushed into the unknown whether you want it or not. This is your chance to change your career path.

Take a minute and think about what interests you. I once heard someone say that whatever you do in your free time is what you should be doing for a living. Look into all of your options don’t just fall back on what you’re comfortable with.

4. This gives you the chance to reevaluate your priorities.

During this time some people realize that their priorities have been too focused on the wrong things. Maybe they were working too hard or not enough. Maybe their family was being pushed down the list. Some people find that they were living a little too far out of their budget. Use this time to sit down and evaluate your life. Find areas where you could cut back and areas that need a little more.

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It’s times like this that allow you to have a new start. You can decide now to make the changes that you’ve wanted to or needed to but couldn’t find a way.

5. You can take this time to travel.

Even though money might be tight, you can find ways to travel without breaking the budget. Whether you drive out of state to visit family or go camping for a week, there are always things to go do that get pushed off because of work.

Make sure that you set a budget for yourself and stick to it. When you don’t have paycheck coming in, you have be wary about how and where you’re spending money.

6. Find a better company.

A lot of people find that they get stuck working in a position for a company that they don’t like. As I stated before, quitting is scary because you’re choosing to step into the unknown. But, by losing your job, you’re being forced to step out. This is your chance to look and see what other companies are offering. Another company might provide better hours, more benefits, even a friendlier work environment. You should look for a company that provides whatever you felt your previous employer lacked.

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On the flip-side, there are a lot of people who loved the company they worked for. But you just have to remember that you can find that again. A new company will be different, but that doesn’t make it a bad thing. Stay open to new experiences.

Losing your job is hard, trust me, I know. But by focusing on the positive side of things, you are able to see things in a different light. You’ll find that when something like this happens, you can keep moving forward. It’s not the end of the world. It’s not even the end of your career. You can find new opportunities, meet new people and get started on a new path.

Featured photo credit: David Shankbone via flickr.com

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Last Updated on July 23, 2019

How to Make a Career Change at 40 and Stop Feeling Stagnant at Work

How to Make a Career Change at 40 and Stop Feeling Stagnant at Work

There are plenty of people who successfully made a career change at the age of 40 or above:

The Duncan Hines cake products you see in the grocery store are a good example. Hines did not write his first food guide until age 55 and he did not license his name for cake mixes until age 73.

Samuel L. Jackson made a career change and starred alongside John Travolta in Pulp Fiction at the age of 46.

Ray Kroc was age 59 when he bought his first McDonald’s.

And Sam Walton opened his first Wal-Mart at the age of 44.

I could keep going, but I think you get the point. If you have a sound mind and oxygen in your lungs, you have the ability to successfully make a career change.

In this article, I’ll look into why making a career change at 40 seems so difficult for you, and how to make the change and get unstuck from your stagnant job.

What’s Holding You Back from Making a Career Change?

There are a flood of amazing reasons to make a career change at 40. Heck, you could argue the benefits of making a career change at any age. However, there is something a little different about making a career change at 40.

When you are 40, you probably have lots of “responsibilities” that come into the decision-making process. What do I mean by responsibilities, you ask?

Responsibilities tend to be our fears and self-doubt wrapped in a bow of logic and reason. You may say to yourself:

  • I have bills to pay and a family to support. Can I afford the risk associated with a career change?
  • What about the friends I have made over the years? I cannot just abandon them.
  • What if I do not like my career change as much as I thought I would? I could end up miserable and stuck in a worse situation.
  • My new career is so different than what I have been doing, I need additional training and certifications. Can I afford this additional expense and do I have the time recoup my investment?
  • The economy is not the best and there is so much uncertainty surrounding a new career. Maybe it would be better to wait until I retire from this company in 15 years, and then I can start something new.

If you have experienced any of these thoughts, they will only pacify you for a short period of time. Whether that time is a few weeks, a few months, or even a few years.

Since you know that you prefer to do something else for a living, you start to feel stagnant in your current position.

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Your reasons for inaction that used to work are no longer doing the trick. What used to be a small fissure in your dissatisfaction in your current position is now a chasm.

Ideally, you never stay in a situation until that point, but if you did, there is still hope.

4 Tips To Change Your Career at 40

You do not have to feel stagnant in your current role any longer. You can take steps to conquer your fears and self-doubt so you can accomplish your goal of changing your career.

The challenge of changing your career is not knowing where to begin. That feeling of overwhelm and the fear of uncertainty is what keeps most people from moving forward.

To help you successfully change your career at the age of 40, follow these four tips.

1. Value Your Time Above Money

There is nothing more valuable than your time. You are likely receiving a pay-check or two every month that is replenishing your income. Money is something you can always receive more of.

When it comes to your time, when it is gone, it is gone. That is why waiting for the perfect situation to make a career change is the wrong mindset to have.

Realistically, you will never find the perfect situation. There will always be something that could be better or a project you want to finish before you leave.

By placing your time above money, you will maximize your opportunity to succeed and avoid stagnation.

If you feel disconnected when you are at work, understand that you are not alone. According to a Gallup Poll, only 32% of U.S. employees said they were actively engaged at work.[1]

Whether you think your talents are not being properly utilized, the politics of promotion stress you out, or you feel called to do something else with your life; the time to act is now.

Do not wait until you retire in another 10 to 20 years to make a career change. Put a plan in place to make a career change now. You will thank yourself later.

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2. Build a Network

Making a career change is not going to be easy, but that does not mean it is impossible.

One benefit to being further along in your career is the people you associate with are further along in their career as well.

Even if most of the people in your immediate network are not in your target industry, you never know the needs of the people with whom they associate.

A friend of mine recently made a career change and entered the real estate industry. The first thing he did was tell everyone he knew that he was a licensed real estate agent.

It was not as though he thought everyone he knew was getting ready to sell their home. He wanted to make sure he was in the front of our mind if we spoke to anyone purchasing or selling their home.

You may have had a similar experience with a financial adviser canvasing the neighborhood. They wanted to let you know they were a local and licensed financial adviser. Whether you or someone you knew was shopping for an adviser, they wanted to make sure you thought of them first.

The power of your network being further along in their career is they may be the hiring manager or decision-maker.

You want to let people know you are considering a career move early in the process, so they are thinking of you when the need arises.

Let me put it to you in the form of a question: When is the best time to let people know you have a snow shoveling business?

In the summer when there is not a drop of snow on the ground.

Let them know about your business in the summer. Then ask them if it is okay to keep in touch with them until the need arises. Then you want to spend the entire fall season cultivating and nurturing the relationship. As a result, when the winter comes around, they already know who is going to shovel their snow.

If you want to set yourself apart from your competition, start throwing out those feelers before the need arises. Then you will be ahead of your competition who waited until the snow fell to start canvasing the neighborhood.

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Learn about networking here: How to Network So You’ll Get Way Ahead in Your Professional Life

3. Believe It Is Possible

One of the greatest mistakes people make when they want to try something new, is they never talk to people living the life they want.

If you only talk to friends who have not changed their career in 30 years, what kind of advice do you think they will give you? They are going to give you the advice that they live by. If they have spent 30 years in the same career, they most likely feel stability of career is essential to their life.

In life, your actions often mirror your beliefs. Someone who wants to start a business should not ask for advice from someone who never started one.

A person who never took the risk of starting a business is most likely risk adverse. Consequently, they are going to speak on the fact that most businesses fail within the first five years.

Instead, if you talk to someone who is running a business, they will advice you on the difficulties of starting a business. However, they will also share with you how they overcame those difficulties, as well as the benefits of being a business owner.

If you want to overcome your fears and self-doubt associated with changing your career at 40, you are going to need to talk to people who have successfully managed a career change.

They are going to provide you a realistic perspective on the difficulties surrounding the endeavor, but they are also going to help you believe it is possible.

Studies show the sources of your beliefs include,[2]

“environment, events, knowledge, past experiences, visualization etc. One of the biggest misconceptions people often harbor is that belief is a static, intellectual concept. Nothing can be farther from truth! Beliefs are a choice. We have the power to choose our beliefs.”

By choosing to absorb the successes of others, you are choosing to believe you can change your career at 40. On the other hand, if you absorb the fears and doubts of others, you have chosen to succumb to your own fears and self-doubt.

4. Put Yourself Out There

You are most likely going to have to leave your comfort zone to make a career change at 40.

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Reason-being, your comfort zone is built on the experiences you have lived thus far. So that means your current career is in your comfort zone.

Even though you may be feeling stagnant and unproductive in your career, it is still your comfort zone. This helps explain why so many people are unwilling to pursue a career change.

If you want to improve your prospects of launching your new career, you are going to need to attend industry events.

Whether these events are local or a large conference that everyone attends, you want to make it a priority to go. Ideally you want to start with local events because they may be a more intimate setting.

Many of these events have a professional development component where you can see what skill-sets, certification, and education people are looking for. Here you can find 17 best careers worth going back to school for at 40.

You can almost survey the group and build your plan of action according to the responses you receive.

The bonus of exposure to your new industry is you may find yourself getting lucky (when opportunity meets preparation) and creating a valuable relationship or landing an interview.

Final Thoughts

Whatever the reason, if you want to change your career, you owe it to yourself to do so. You have valuable in-sight from your current career that can help you position yourself above others.

Start sharing your story and desire to change your career today. Attend industry events and build a mindset of belief. You have everything you need to accomplish your goal, you only need to take action.

More Resources About Career Change

Featured photo credit: https://unsplash.com/photos/HY-Nr7GQs3k via unsplash.com

Reference

[1] News Gallup: Employee Engagement In US, Stagnant In 2015
[2] Indian J Psychiatry: The Biochemistry Of Belief

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