Create a career backup plan

There will come a time when you’ll need other career options. You can’t just continue doing the same thing that you’ve been doing for the past seven years indefinitely. You might even hear rumours of retrenchments at the water cooler or around the lunch table. If that’s the case, you definitely need to start thinking about some other career options.

Anything could happen at any time and you must prepare yourself. Should that moment come, you will be so grateful that you created a career backup plan for yourself. You might even be feeling that you need another source of income. Sometimes that nine to five job just doesn’t give you sufficient money each month.

It’s very likely that you’ll find it easier to make plans without the desperation of retrenchment or resignation. After all, it’s very difficult to be positive and remain enthusiastic about finding new opportunities when you’re not feeling fearful about what the future might hold. If retrenchments are something that are happening in your workplace, you need to be prepared to fight for your job, should you decide to keep it. If that’s the case, you’ll likely need to contact LegalWise with all of the facts of the matter. Here are some tips for proactively creating that career backup plan.

Now’s the time. If you’ve been thinking that you might want to study, now is the ideal opportunity to gain some additional skills. If you’ve been feeling like you’re lacking in a specific area, now is your chance to add to your skillset. There are plenty of part-time courses available online and at tertiary institutions. The good news is that many of them are free. If you’re really fortunate, you might even be able to do one at your current job which your employer will pay for. These added skills could give you an advantage when applying for your next job.

Aside from the obvious benefit of helping people, there are plenty of benefits to volunteering. You’ll be able to improve your skills, learn something completely new and meet plenty of influential people. There are also many instances of volunteering turning into a full-time job down the line. After all, if you’ve put in the time and shown your worth, you could show a potential employer that you would make an excellent new hire.

Take a second job
You might not even have to take an official second job like waitressing or working as a cashier. You could find something which interests you that brings in some additional cash. If you’ve always wanted to be a fiction writer, start writing a novel in your spare time and publish it online. If you’ve always wanted to be a painter, start painting and selling your artworks at local markets. The stability of your regular paycheque might be just the thing you need to encourage you to take these risks. You never know where this risk might take you. But if you aren’t a hustler and prefer the idea of working in retail or service industries, how about taking a job in the evenings or on weekends? You likely would have spent that time watching trashy TV, so why not earn some extra money?

Now is the time to make the most of the connections you already have and to go out and make new ones. Speak to your friends and colleagues about what’s happening. They very likely work in similar industries and might even know of job opportunities. If you are studying at the moment, talk to your classmates and lecturers about your plans and ambitions. They might very well know of an opportunity for you and could help you in the future. Get to know as many new people as possible by chatting to them online and by attending meetups in your neighbourhood. Every person you meet could be potentially useful to you at a later stage.

Save your emergency fund
If there’s a chance you might lose your job in the near future, you need to have an emergency fund. This is the money which will keep you going and pay for the essentials should the worst happen. Financial advisors all agree you should have one. What they can’t seem to agree on is how much should be in there. Some suggest three months of expenses, while others suggest a full year. What’s important is that you have money saved in an account that’s accessible to help you out when necessary.

This isn’t going to be easy. But it is important. Your future will be a lot less scary when you know you’re putting steps in place to secure a backup career.