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Mental Models for Career Changes

https://fs.blog/2020/11/mental-models-for-career-changes/

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Mental Models for Career Changes

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Career changes are daunting

Career changes are daunting

Career changes are some of the biggest shifts we will make. They often involve some retraining and will impact your personal life.

When you manage the situation through the lens of a few mental models, you can clarify which direction to go and find a path to get there.

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Velocity: Speed and direction

Change will never be right unless it aligns with what you want to get out of life.

Do you know where you want to go? There's no point just moving at speed without knowing where you want to go. When you articulate your desired direction, you give yourself a clear purpose in your career.

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Inversion: Working backwards

Once you know where you want to be, work backwards to where you are now. Carefully consider all the steps in-between in reverse order.

Once you identify your requirements, you can use that list to evaluate opportunities.

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Take stock of the skills you already have

Knowing what skills you already have will reveal what you can repurpose.

We often fail to realize how versatile our existing experience is. Being good at presenting the monthly status update doesn't mean that you're good at presenting monthly status updates. It means you can articulate yourself well, analyze information for a diverse audience, and build networks to get the correct information. Consider what else those skills can be used for.

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Reaching your dream job

To find out what your dream job will be like, try to get an accurate picture of what the day-to-day is like. No job is 100% fulfilling all of the time.

Talk to people doing the job you want. Talk to people in the organization. Talk to the ones that enjoy it and to the ones who quit.

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Career change: Elements of planning

Once you know what direction you want, planning for change is vital.

Two models are useful to help us identify what we need to plan.

  • Global and local maxima. It refers to the high values in a mathematical function and can be applied in switching careers. Sometimes you have to go down a hill to climb up a new one. To move from a local maximum to a higher peak, you have to go through a valley. This means that sometimes steps down can also be steps forward.
  • Activation energy. It requires you to think about what you need between now and your desired result. Then consider the effort needed for sustained change.

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Probabilistic thinking

Once you have narrowed down your options for a new career,, consider these questions: Which one would you bet on for being the better choice one year later? How much are you willing to bet on it?

Doing this exercise will not guarantee that any choice will be the right one. It helps you quantify your thinking based on the knowledge you do have available.

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SIMILAR ARTICLES & IDEAS:

Understanding probability

Understanding probability

Understanding probability will help you get a more correct picture of the world and help you make better decisions.

Most of us fall prey to the same handful of issues beca...

Assuming events are independent when they are not

When two event are interconnected, the former happening increases or decreases the probability of the latter happening.

  • Your car insurance gets more expensive after an accident because car accidents are not independent events. A person who gets in one is more likely to get into another in the future.
  • Most of our plans don’t go as we’d like. We get delayed, we have to backtrack, we have to make unexpected changes. Sometimes we think we can compensate for a delay in one part of a plan by moving faster later on. But the parts of a plan are not independent. A delay in one area makes delays elsewhere more likely as problems compound and accumulate.

Not understanding when events are independent

In Naked Statistics, Charles Wheelan explains: “A different kind of mistake occurs when events that are independent are not treated as such . . . If you flip a fair coin 1,000,000 times and get 1,000,000 heads in a row, the probability of getting heads on the next flip is still 1/2. The very definition of statistical independence between two events is that the outcome of one has no effect on the outcome of another.

one more idea

Nassim Nicholas Taleb

“Curiosity is antifragile, like an addiction; magnified by attempts to satisfy it.”

Nassim Nicholas Taleb

25 Pages A Day

For developing the habits of reading, many follow the strategy of reading 25 pages a day, which can create your interest at a starting pace of time.

But while reading, if one finds reading joyful and interesting one can jump the stipulated limit of pages, accordingly.

Benefits Of Reading: Improved Insights

  • Reading a few pages before sleeping or during a break opens the windows of the mind, nourishing the brain and promoting imagination and positivity.
  • At 25 pages a day, an average person is reading 9125 pages in a year promoting the enhancing of skills, thoughts, vocabulary and knowledge. Plus reading is an addiction(albeit a good one!).
  • Reading different genres develops the various regions of our brain, elevating innovative thoughts and cross-connection of fresh ideas.

Learning By Being In Play Mode

Learning By Being In Play Mode

In both children and adults, being in ‘play mode’ is an essential and overlooked factor in the quest to learn about our surroundings, discovering our capabilities and finding new information. Not h...

The Opening Of Fresh Possibilities And New Horizons

When we take away the mind's impositions, restrictions, boundaries and the preset rules of how things should be, we can relook, dismantle and reform anything including how numbers and letters are represented or structured.

Getting Stuck On Numbers

  • Number structures and counting systems have several advantages and disadvantages, and not all minds think in the same way when dealing with abstract concepts.
  • Getting stuck on something is a boon, as it takes us towards the first principles, of what we are essentially trying to achieve.