29 Jan Stepping off the corporate ladder?
Making the decision to leave the corporate world isn’t an easy one. Giving up a secure role or a steady income is not a simple decision. Lots of friends and colleagues will tell you it’s a terrible idea, lots will be jealous of your new direction in life even though many of them will do the same thing at some point. In this article we explore some of the basic things you should consider doing before taking the leap and leaving corporate life.
People chose to make the jump for all types of reasons, a lifestyle change or the assumption that it’ll be less pressure (although this is often not the case), or for a more personally fulfilling career. So what’s stopping you from doing it? Is it fear of failure?
Typical fears we hear people describe include:
- What happens if you decide to make the change, throw your safety net away and then your new gig as a personal trainer, pastry chef or a photographer doesn’t go to plan?
- If you have to start sending resumes back to ex-employers will you be seen as a flop? Will employers even consider hiring you if you’ve taken time away from the corporate life to try something new and it hasn’t succeeded?
- What about the other side of it, what if you make the move and you hate it? Are you brave for trying or an idiot for chasing a dream that didn’t match the reality?
All of these questions will likely flow through your mind at points. They are all things which should be considered in order to fully prepare yourself for the change. So, here are some basic things you should consider doing before taking the leap.
Have you got your dollars in order
First up, make sure financially you’re all set. Suddenly losing a steady secure income to pursue a different type of lifestyle is a huge change. Keep the pennies in bank, make your coffee at home and learn to love budget recipes.
Think deeply about the level of commitment
When taking a step out of corporate life and into a more precarious role is it possible to have a foot in both worlds, working part time or on contract to give you a mix of experiences? Remember you don’t have to go all in every time, you could just start out with a side hustle to test whether you are really ready to make the change.
Do your research
If you want to be a pet photographer, then explore the market locally. Is there an interest for your service? Are there already 20 pet photographers in the area? Do you have the portfolio, qualifications, or network you need to make your new venture a success? If not, can you get them or do you need to reconsider? Have you spoken to someone who’s made a similar move? Having an honest chat with someone who’s already left the corporate world behind in a similar way can you an insight into what to expect, and also help you avoid any potential challenges they faced.
A successful transition is possible, you just need to be prepared.
Lots of people make the switch really successfully and love their new life. Equally lots of people try it and decide it’s not for them, and then return to the corporate world with fresh insights and enthusiasm having learnt from their experiences. Either way, new experiences await you.