career change dead end road signs - top rated financial planning services in farmington CT
  • By Emma Andrews
  • Posted October 26, 2020

How to Escape From a Dead-End Career

Are you stuck in a career rut? If you have been trying to work your way up in a company and it does not seem to be working, you might need a change in your life. You can easily find a new pathway to success if you look at some of these options.

Try Changing Industries

Swapping industries could do wonders for your ability to move up the corporate ladder. This can be challenging and might involve an initial pay cut, but can be more fulfilling in the long-run. If you have been doing a lot of physical labor at your previous job, you might be able to find something less tiresome.

A bad career does not just hit you in your wallet, it can change how you behave. You should choose an industry you are more passionate about. By asking people in that field how they got started, you can get excellent advice in starting your journey.

Start a Business

If you have been unhappy with your current financial standing, you might want to take the matter into your own hands. Starting a business is risky, involves a lot of work to start out, but can be highly rewarding for your career. Fortunately, the risk can be worth it if you believe in your idea and make use of loan resources.

There are many benefits to turning to the SBA for a business loan. You can find a loan that is customized for your business. They are created specifically for small business owners, and are like other nonguaranteed loans.

Go Back to School

If starting a business is not your thing, you might want to expand your career opportunities by going back to school. It is easier than ever before to become a student, as most institutions provide online classes. Locate local community colleges to find the lowest rates possible for your education. This will keep you protected against unpayable student loans.

When you pursue an education, make sure you choose something practical. Engineering and computer science are two popular fields of study that pay excellent returns after graduation. Studying something impractical can leave you with a mountain of student loan debt and no way to pay it off.

Escaping your dead-end job can be done, though it will require some change. By taking steps to diversify your skillset you will be able to find opportunities later. Your dream career can exist as you expand these efforts.

Read this next: How to Start Your Path to Financial Freedom Late in Life


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