career change midlife crisis

A career change is a radical change–for example, an executive with a finance background who buys a restaurant, or a manager at AT&T, a very well-known communications company, who shifts into managing an adult community or a nursing home. Those are real-life examples of people who were successful at making those changes; I know them personally. So, the questions are, What drives the process? and What does it take to come out as a winner?

Now let’s agree from the beginning that a career change involves significant risk. Not all career changes work out well. Decisions of this nature have at least two major components: the intellectual and the emotional. The emotional part involves the pain that a person endures and that strongly motivates and impels the person toward willingness to take a risk. The other component is the intellectual part, which involves, say, the person’s need–or desire–to make more money or the person’s disappointment with the industry, or with the nature of the current job, or with an intolerable boss who is apparently not leaving soon.

At the core of the job-changing decision-making process are three questions that require concrete answers:

> What are the job-changing individual’s values?

> What does the job-changing individual have to offer a potential employer?

> What does the job-changing individual expect in return?

Values have to do with one’s feelings about family, recognition, monetary rewards, security, promotions, belonging, commitment, loyalty, and so forth. The answer to the question regarding what one has to offer will be an analysis of skills — such as marketing, presentation, sales, research, and data analysis — and then identification of whether one has the traits that support those skills: is the person aggressive, independent, articulate, persuasive, logical, visionary?

The remaining issue deals with what the person wants in return. This touches on environmental and cultural factors. For example, does the person like to work in small organizations or big ones? How does the person feel about leadership styles, corporate politics, company reputation, work/life balance, and flextime for new parents, for example? And how about critical matters like salary, health coverage, and investment programs versus the minimum levels of compensation and benefits needed?