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5 Keys to a Strong Career Plan

Leverage Your Competitive Advantage

Career plans should leverage your assets, set you in direction of your aspirations, and account for the market realities.

  • Articulate educated hypotheses about each. “I believe I am skilled at X, I believe I want to do Y, I believe the market needs Z.” 
  • These hypotheses should lead you to specific actions even though you may have broad aspirations, like “help interesting people do interesting things” or “design human ecosystems.” 

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IDEA EXTRACTED FROM:

5 Keys to a Strong Career Plan

5 Keys to a Strong Career Plan

https://www.linkedin.com/pulse/20121029193553-1213-5-keys-to-a-strong-career-plan

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Key Ideas

Prioritize Learning

A person with a foundation of knowledge and skills will make more money and most likely live a more meaningful life.
There’s a similar belief in start-ups: technology companies focus on learning over profitability in the early years to maximize revenue in the later years.

Prioritize plans that offer the best chance at learning about yourself and the world. Ask yourself, “Which plan offers the most learning potential?”

Learn by Doing

Any entrepreneur (and any expert on cognition / learning) will tell you that practical knowledge is best developed by doing, not just thinking or planning.

For careers, too, you don’t know what the best plan is until you try. 

Make Reversible, Small Bets

Occasional missteps are to be expected when you take an experimental approach to career planning. 

These errors needn’t be permanent. Good Plan A’s can be stopped or reversed or morphed into a Plan B. A good Plan A minimizes the cost of failure. 

Start with a trial period. Keep your day job.

Think Two Steps Ahead

If you study the root causes of business disasters, over and over you’ll find a predisposition toward endeavors that offer immediate gratification.

At the same time, though, don’t do the opposite and think ahead too far in the future. You will change, the world will change, the competition will change.

The best thing to do is to think and plan two steps ahead. 

EXPLORE MORE AROUND THESE TOPICS:

SIMILAR ARTICLES & IDEAS:

Knowing Yourself
 Knowing Yourself

Begin by thinking about where you are now, where you want to be and how you're going to get there.

Work on getting to know your skills, interests and values.

Ask yourself:&nbs...

Finding Out

Explore jobs that interest you and ask yourself how do my skills and interests match up with these jobs?

  • Where are the gaps?
  • What options do I have to gain these skills or qualify for these jobs?
  • What skills do I need?
  • Where is the work?

You will now have a list of preferred jobs and/or learning options.

Making Decisions

Ask yourself:

  • What are my best work/training options?
  • How do they match with my skills, interests and values?
  • How do they fit with the current jobs market? How do they fit with my current situation and responsibilities?
  • What are the advantages and disadvantages of each option?
  • What will help and what will hinder me?What can I do about it?

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Self-Assessment

Carefully evaluate your individual strengths, lifestyle preferences, passions, work style, and financial needs.

Know both who you are as a person and who you desire to b...

Research
  • Brainstorm possible job options and investigate them thoroughly. 
  • Learn about the descriptions and qualifications for various positions, typical entry points and advancement opportunities, satisfactions, frustrations, and other important facts.
  • Speak with as many people as possible that are involved in work that is of interest to you to get an insider’s perspective.
Experimentation

Internships and part-time jobs are an excellent way to sample a field of interest. 

They provide the opportunity to perform some of the job functions, observe others work, and evaluate the “real world” workplace environment.

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Uncertainty of Social Security and Pension Benefits
  • The aging population is causing fewer contributors.
  • More people are retiring due to increased longevity.
  • Corporate col...
Unforeseen Medical Expenses

Old age typically brings medical problems and increased healthcare expenses.

Living out your retirement years in comfort while also covering your medical expenses may turn out to be a burden too large to bear.

Estate Planning

Without a well-planned retirement nest egg, you may be forced to liquidate your assets in order to cover your expenses during your retirement years.

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