As speculation on the strength of the economy continues, Americans continue to leave their jobs in search of better opportunities. More than 4 million people resigned in July, according to the Bureau of Labor Statistics. Their reasons vary – some quit because of poor pay, for example, others because of a lack of career advancement opportunities.
Millions are also unemployed for reasons beyond their control, such as B. Temporary or permanent dismissal. Many are probably looking for their next role.
If you’re looking to advance your career, no matter what stage you’re at, here are three career pieces of advice from entrepreneurs who have recently transitioned.
“Careers are like cobwebs”
Shirley Romig proposes a holistic approach when it comes to approaching your career. Just this year Romig co-founded Mixo, a short video platform focused on food and recipes.
“Careers are like cobwebs,” she told CNBC Make It during PR firm BAM’s Media Matchmaking Day.
“I think as a junior you have this vision of climbing the corporate ladder, and the corporate ladder always seems to be vertical,” she says. “I find that it’s wiser to think about the spider web effect, ie sometimes you go sideways, sometimes diagonally, but the goal is always to try to have differentiated experiences.”
Assuming you know you want to make it to the C-suite someday, she says. Although you may envision a specific path to get there, you may find that you receive job offers that do not necessarily align with that plan. If they pique your interest and seem like the kind of opportunities you want to take advantage of at that moment, go for it.
You never know how they will help you work towards that goal or help you find a new and better one.
“Rising tide lifts all ships”
For Amy Divaraniya, the advice is pretty classic: “A rising tide lifts all ships,” she says. That means helping your peers and others around you even as you grow in your career. Divaraniya co-founded Oova in 2017, an app that provides women with easy-to-understand information about their hormone levels at home using urine samples.
Divaraniya holds a PhD in Biomedical Sciences with a focus on Genetics and saw firsthand how this type of collaboration could help. In science, she says: “Everyone keeps their data. You don’t want to share them. I’ve always been cooperative. And our papers are so much more meaningful because you now have 10 data sources versus just one.”
She builds her company with this attitude. Because Oova works with the hospital system, they’ve taken patients’ frustrations into account and tried to resolve them along the way. The #1 problem is patient satisfaction, she says, and her main concern is waiting to get into a fertility center. The company is helping to speed up this process.
“I think it’s very important to make sure you have expertise,” says Anusha Harid-Paoletti, who founded Liquidly, a fintech company focused on private fund assets, in 2018. The company’s investors include VC firm Village Global, which is backed by entrepreneurs including Jeff Bezos and Bill Gates.
“There has to be something you know really well,” she says. “I think that will differentiate you if you work in a large organization, but also if you want to take that risk [as an entrepreneur]. You have something to fall back on.”
In any job, you likely have an opportunity to deepen your knowledge of something. Perhaps there is a program you use that can teach you the ins and outs of becoming the go-to resource for how it works in your organization. Or maybe there’s a subject you could learn to give you an edge over your competitors. See what types of resources your company offers to become the expert on the matter.
Even if you are unemployed, there are tools you can use to gain knowledge on a variety of topics. Check out courses, tutorials, or mentoring programs you can use on sites like LinkedIn or Udemy, or through a local college or university.
Harid-Paoletti herself worked at Goldman Sachs for 10 years to build a financial services knowledge base before starting her entrepreneurship.
“I think there’s no substitute for depth,” she says of the importance of learning to the core. “Like doing the thing like a surgeon would do it.”
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