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5 Keys to a Strong Career Plan
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.
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Key Ideas
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.”
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.
SIMILAR ARTICLES & IDEAS:
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Key Ideas
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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Key Ideas
Mind Mapping
Mind maps are the best way to visually and textually organize your ideas, projects, thoughts, and tasks in a way that gives you a structure and sensibly links related concepts.
- Mind m...
Pillars in the Career Master Plan
- Current job or role: This is what you are doing right now.
- Career Goals and Dreams: List your short-term (6-9 months) and longer-term (1-3 years) career goals and dreams.
- Your Big Why: Know why you want to do the work.
- Core Values: What are your top 3-5 core values that you are not willing to compromise?
- Limits and Boundaries: What is it that you are not willing to do? Whom do you not want to work with?
- Top Strengths: A strength is a combination of your talents and skills.
- Desired Strengths: These are the gaps you want to fill in your skills and talents.
- Education investment in Yourself: Are you going to conferences, joining a master-mind group, or hiring a coach?
- Execution Strategies: For instance, you may start a business, a side-hustle, a website.
- Role Models
- Ideal Client or Company: It is critical to know whom you want to serve with your work.
- Ideal Professional Self: A 25-word exercise where you describe your ideal professional self.
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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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