Do you feel like you are in a rut in your career? Does going to your office every day make you feel depressed? If the only thing that you look forward to during a workday is for it to end, then maybe it is time to restart your career.
If you have a passion, then you may have spent countless hours daydreaming about starting a career in your area of passion. However, taking the plunge may seem daunting. The good news is that it is possible to turn your passion into a career. All it needs is some careful planning.
Evaluate Your Current Situation
Before deciding to quit your current job, you need to consider your present circumstances. Are you financially stable, or are you under debt? Do you feel completely burned out in the current job? Or do you just feel like you need a change?
If you are in a well-paying job and just feel a little frustrated and also in debt, then it is wiser to continue at the current job. You can take up your passion as a part-time career.
If you have a low credit score, it can impact your ability to get loans or rent the new career path’s space. It might be a good idea to improve your credit score first. There are many simple ways to improve that score.
If you feel completely burned out and need a change immediately, then it is time to proceed with the steps to restart your career.
Evaluate if Your Passion is Profitable
While it is easier to turn specific passions into a profitable career, it is infinitely harder for some others. Evaluate the market for your passion.
While chasing your passion can sound dreamy and highly satisfactory, the charm starts to wear off soon if you don’t end up earning enough. You need to figure out if it can give you at least enough to maintain a decent lifestyle.
After all, if you have to give up all your comfort and work hard on something with no scope of earning more in the future, then you are sure to end up regretting that decision later.
Talk to Others in the Field
Following your passion as a hobby and turning it into a full-time career are different things. There are a lot of things that you may have to do to make it a full-time career.
You should talk to others in the field who have turned their passion into a successful career. They will offer valuable guidance and also give you tips on how to get started in the field. There are many insights that someone in the business can give you that you may never learn by reading about the field or studying about it.
For example, a seasoned baker who has established a successful home-baking business can tell you about the hidden costs, the kind of clients to avoid, etc.
Do You Need to Acquire Additional Skills?
There is a difference between doing something for fun and doing it professionally.
For example, if your passion is drawing and you want to turn it into a full-time career, then you may have to learn digital painting software. Your clients will expect you to provide a digital copy, and you need to know how to do it successfully and make a career out of drawing.
Find out what skills or certifications can help you become the best in the field and get more clients. Try to learn these skills before quitting your current job. This way, you will be well-prepared to establish your new career as soon as you quit the current one.
Think About the Money
If you have established yourself well in your current job, then you might also have a pay package that reflects the same. When you start a new career, there is no guarantee that you have to earn the same amount as you do now.
In addition to this, if you start a business, then there is the added cost of acquiring the resources necessary for the business to run smoothly. It may be a while before you start making a good profit. Until then, you will have to manage various expenses by paying off with savings.
If that is the case, then you need to save up enough before quitting your current job or ensure that you have a good credit score and can avail of a loan at a reasonable interest rate.
Consult With Your Loved Ones
Restarting your career in a new domain is a massive step for you and your family and friends. You must consult with them before making the career switch.
Moreover, they can also offer advice on how you can restart your career and follow your passion. They can support you when you do start your new career. Your friends can recommend you to their acquaintances and help you grow your customer base.
While there are many ways to start your new career, the safest bet is to start small. You don’t have to take the plunge completely.
You can start working on your passion during the weekends. It will help you establish a client base.
It will also keep you financially safe as you explore your passion. Since you do have the income from the current job and are not entirely dependent on the new one, it will take the pressure off.
You will enjoy the process while also understanding the lay of the land in the new field.
Take The Plunge
Well, if you have gone through all the previous steps and done your due diligence, then it is time to take the plunge. Making a full-time career out of your passion is one of the greatest joys of life. As you may have heard, if you love what you do, then you never work a day in your life.
Having decent savings and making sure that you are free of debt is crucial before making a significant career switch. You must also try to maintain a good credit score to get loans quickly when needed.
With the right set of skills, restarting your career and following your passion will become a relatively smooth sail.