You’ve been passed over for a promotion. How can you turn it into an opportunity?

1 Seek feedback

The first step is to ask for constructive feedback from your manager or supervisor. Find out why you were not selected for the promotion, what skills or qualities you need to work on, and what goals you should set for yourself. Be respectful, open-minded, and curious, not defensive or argumentative. Use the feedback to identify your strengths and weaknesses, and create a plan to address them.

2 Expand your network

Another way to boost your chances of getting promoted in the future is to expand your network within and outside your organization. Connect with other real estate developers, investors, clients, and industry experts. Attend events, workshops, webinars, and conferences. Join online forums, groups, and communities. Share your insights, ideas, and projects. Seek mentorship, advice, and support from others who have more experience or knowledge than you. Networking can help you learn new skills, discover new opportunities, and build your reputation.

3 Update your resume

Even if you are not planning to leave your current job, it is a good idea to update your resume regularly. This can help you keep track of your achievements, responsibilities, and projects. It can also help you highlight your skills and value to your employer or potential employers. Make sure your resume is clear, concise, and relevant to the real estate development field. Use keywords, metrics, and examples to showcase your impact and results.

4 Pursue professional development

One of the best ways to advance your career is to pursue professional development. This means learning new skills, acquiring new knowledge, and obtaining new certifications or credentials that are relevant to the real estate development industry. You can enroll in online courses, programs, or degrees that cover topics such as project management, finance, design, sustainability, or marketing. You can also read books, articles, blogs, or podcasts that offer insights, trends, or best practices. Professional development can help you stay updated, competitive, and confident.

5 Explore other options

Finally, if you feel that you have exhausted all the possibilities of getting promoted in your current organization, you may want to explore other options. You may find a better opportunity in another company, or even start your own business. You may also consider switching to a different role, sector, or niche within the real estate development industry. Whatever you choose, make sure you do your research, weigh the pros and cons, and prepare yourself for the transition.

Being passed over for a promotion is not the end of the world. It can be a chance to reevaluate your career goals, improve your skills, and expand your horizons. By following these tips, you can turn a negative situation into a positive one.

6 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?