5 Myths Keeping You From Your Dream Career Change
Caroline Ceniza-Levine
Executive Recruiter and Career Coach | Founder, Dream Career Club | Author, Jump Ship: 10 Steps To Starting A New Career | Senior Contributor, Forbes Leadership
Today’s question is about career change. If you’d like to see your question answered in a future issue, post a Comment or send me a message!
Is there an age which is too old to make a career change? How do you manage the reality of a pay cut when you pivot, especially starting over at an older age when life gets complicated? – Media executive
The only way you’ll be able to make a pivot is if you believe it’s possible. If you can’t see yourself in your new career, then you won’t ever start or you’ll give up too soon. The question manages to capture five of the most popular myths that keep people from making a change and going after their dream career, so let’s unpack each of them:
Myth 1:?You’re too old
Is over 50 too old to be a hypergrowth startup entrepreneur? Gail Becker was 52 when she went from PR executive to starting a cauliflower pizza crust business. She hit $500 million within five years. As a recruiter who was privy to thousands of career paths, I saw plenty of people who found success in their second or third roles or industries. For example, I hired a regional head for an investment firm that had started her career in various admin roles (even a short stint in acting). There isn’t an age limit on successful pivots.
Myth 2:?You have to take a pay cut
You may have to take a pay cut if you go from a higher paying industry to a lower one, or if your new role can’t use any of the skills and expertise from your previous one. But sometimes, your pay actually goes up. I coached a middle manager who went from media to life sciences and got a double-digit raise in the process. Or, sometimes you can soften the blow because the structure of the compensation is different. I once coached a financial services executive who lost out on the big banking bonuses once she left her hedge fund work, but her base salary in her new field of education actually went up slightly.
Myth 3:?Life is too complicated – there isn’t enough time
The media executive who inspired this career change question asked about career change “when life gets too complicated”. I’m not sure what they meant but many people equate complicated with busy – i.e., not enough time to work on their career change. Have you kept a Time Diary and actually tracked your time? Too many people assume they don’t have enough time but they are actually frittering away valuable hours on activities that aren’t valuable or meaningful. Or, they are wasting time fantasizing about wanting something different, rather than going for it. You can get started on your career change even if you’re still at your current job.
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Myth 4:?Life is too complicated, part 2 – family obligations take all of my spare time
Maybe this media executive meant that life is complicated because of other people and the obligations they bring. I once had a client who insisted they couldn’t do the networking, branding and market research
Myth 5:?Life is too complicated, part 3 – I can’t squeeze in more school, extra work, etc.
Sometimes the “life is too complicated” excuse is about not having enough bandwidth for a specific activity the person thinks is required for a change – e.g., going back to school or starting a side hustle
Whatever steps you take, start with believing in your potential to change
Spend a few minutes every day imagining yourself in your new role, at your dream company or in your perfect workspace. Feel how excited you are. Feel the fulfillment and satisfaction. Feel how eager you are to start your day. Let that emotional momentum get you started.
Byline: Caroline Ceniza-Levine is a longtime recruiter and founder of the Dream Career Club, helping experienced professionals find work they love and earn more doing it. Caroline is also a writer and producer at FBC Films.
Business confidante and guide, community builder, and podcast host - helping corporate refugees start, run, and grow their businesses.
1 年Older start-up entrepreneurs tend to be more successful. Most of the corporate refugees that have been guests on my podcast, Smashing the Plateau, were over 50 when they made the leap from employee to entrepreneur.
Keynote speaker, executive coach, author & podcast host | Founder, Brunner Communications & Brunner Academy
1 年Never too old! And I'm living proof! Thanks for sharing!
Business Owner at TKT home made mosla products
1 年Thanks for posting
Strategic Transformation Leader | Driving Product Innovation and Organizational Excellence
1 年This one hits home for me after having successfully navigating an unexpected career change while in part time school and with 3 small children. Mindset is key!