Do you ever ask yourself when the right time to move on to the next thing is? If you’re anything like me then you're strategizing about this all the time when it comes to your career opportunities. This is something that is important to do regularly in the entrepreneurial world. But I also think it is necessary to be considering your growth opportunities even if you work in a career outside of entrepreneurship. You ensure success by staying ahead of the game.
In other words, I think the proper answer to the question is that you have to be forward thinking and start planning and executing the next thing before you are even ready to move on to it. The right time to move on is before you really need to.
In case you haven’t heard, experts are predicting a 60% chance of an economic recession happening in the next two years (Bloomberg Article). This is something that worries me A LOT due to the fact that I am in one of the industries that is often hit the hardest by volatility in the economy.
So what should you be doing?
If you're an entrepreneur, this is the time to start taking care of your debts, and start taking a closer look at your investments. Determine whether you are comfortable with the amount of risk you are currently taking on. More importantly, this is the ideal time to diversify your services and look into other areas or business ventures that you could go into which aren't as vulnerable during downturns in the economy.
If you are employed, this is the time to harness your employability. If you have the time or desire to go a step further, pursue additional training or certifications in your field or another that interests you. This might help you hang onto your job in the event of layoffs or land a new one if you do get cut.
Whether it is voluntary or prompted by rough times, moving on requires preparation and foresight. The right time may not be upon you yet, but in order to not end up blindsided you must start getting ready as soon as you possibly can!