Are you ready to become your own boss?
The phrase “midlife crisis” has been around for as long as I can remember. The thing is, I never understood what it meant until our children moved out; it was at that point that I may or may not have found myself smack dab in the middle of one.
The thing about a crisis is that we sometimes don’t know one is taking place until it passes.
Crisis or not, exploring your options to see how you can become your own boss is never a bad idea. In this article, we will focus on opportunities to start your own business, doing what you love, by maximizing your past experiences to leverage a midlife career change to take you closer to financial freedom.
We will walk you through a 10 step process to help you identify your passions and build the career that you always dreamt of.
Before you take the big leap, some serious soul searching and planning must take place.
This 10 step process will help you to:
- Identify why you want to change careers
- Tap into your interests so that you can maximize your current skills
- Upgrade your current skills or learn new ones
- Location, location, location – where will you need to be to build this business?
- Plan it – take pen to paper and map it out
- Network with people with similar dreams
- Share your ideas with those you love
- Set goals that you can measure your success
- Dig deep and commit to change
- Take a chance and go for it!
10 Steps to BecomING Your Own Boss
10 Steps to becoming your own boss…
A career change when you don’t know what you want to do is can bring fear. Fear of the unknown; fear of change. The beauty of it is that you are determining where you want to go and why you want to be there. You are no longer a young dreamer without resources, skills, and experiences. You are at your prime; in your midlife and ready to take a leap.
You are actually at the perfect age to succeed at starting your own business! The best midlife career change may just be becoming your own boss
Census Bureau data reveal that the fastest growing new firms, including those in
technology sectors or in entrepreneurial hubs, are founded by middle-aged and older
entrepreneurs. – Age and High-Growth Entrepreneurship
1. Identify why you want to change careers
Before you get too excited about anything, you first have to decide why you want a change. This desire for change cannot be based on trivial things such as:
- I had a bad day
- So and so is mean
- I am underappreciated or undervalued
A career change in your midyears must be a bit more substantial. Especially if you are planning on becoming your own boss.
Make your “why” have meaning. If you are going to find success and the courage to leap, you must have a solid idea of why you are seeking the change.
2. Tap into your interests so that you can maximize your current skills
One of the advantages of starting a business at a later age is the advantage that you have from all of your life experiences and the skills that time has taught you. You are at that point in your life in which you have clearly identified the things that you do not like to do; now is the time to hone in on the things you love.
Now is your time to find new things to love.
3. Upgrade your current skills or learn new ones
Number three plays on number two.
Whether you are in your 40s or your 50s, you know how quickly time passes. If you have an inkling to do something – – – you better just do it. There is no better time than now.
Get out there and do it. Learn more, be more, improve yourself!
4. Location, location, location – where will you need to be to build this business?
When planning your dream career, location is key. Where do you need to be to find success? Is your new business endeavor going to require a storefront, a plot of land, or just high-speed internet?
Think it through and tie it all back to your why. Now is your time to find the freedom that you seek or the stability of being in one place. Explore all your options as we know the importance of location.
5. Plan it – take pen to paper and map it out
We have all heard the saying that “the devil is in the details.” Before you take any leap, write it all out. Figure out what the final trigger point will be that will allow you to commit to your business endeavor full-time.
Your business plan is your opportunity to play it a bit safe. It will force you to research the market, the potential for profits, the monetary and time investments that will be required to pursue becoming your own boss.
This is the plan that will take your ideas from a dream to your reality.
6. Network with people with similar dreams
Success can be found by surrounding yourself with people who have similar values, dreams, and aspirations. Reach out to others about where you want to be, why you want to be there, and what steps you are taking to get there.
By networking with others you can build upon your own ideas, find resources that will help you on your journey, and be your sounding board when challenges arise.
7. Share your ideas with those you love
Although seven is very similar to six, there is a big difference. Your network is not emotionally connected to your success or failure. By sharing your dreams of starting your own business with those you love, you find the support that you are going to need to get through the challenging times.
These people are critical for your success; they are your close friends and family. They are the last ones on the bleachers and the first ones in line. Keep them close; you are going to need them just like they need you.
8. Set goals that you can measure your success
When you take your written plan and start adding time-sensitive goals to the mix, you will start to see your dreams taking hold. You will establish action items in this step that will allow you to measure your progress, avoid pitfalls, and develop your financial strategies to make it happen.
9. Dig deep and commit to change
Change, even if it is welcomed change, it is never easy. We are all creatures of habit are set in our own ways to a certain extent. But when you are facing a career change, especially in your midlife years, there are going to be moments of fear, of uncertainty, of gut-wrenching panic that may set in.
You must make a commitment to yourself that you are going to push past these moments. Make sure that your support team, those you share your ideas with, are prepared to check you when needed.
Being an entrepreneur is all about you setting the pace, you pushing through moments of challenge. You are now the boss and that is exactly what you must do to see progress and turn your dream into your reality.
10. Take a chance and go for it!
Don’t wait for everything to be perfect. Life experiences show us that perfection does not exist. Accept that you are going to face the unknown, you are going to mess up, but you are also going to experience so many successes.
Take all of the wonderful advice that you provide your children with or those that you love in their moments of crisis and push forward.
When you own your own business, the excitement, the drive, the enthusiasm to accomplish more is all yours. Go for it!
Final thoughts on selecting the best midlife career change
If you have ever had a dream of being your own boss, of starting your own business, of being a driving force in this world, now is the time! The best midlife career change for you may just be starting your own business. Making your own way. Follow the 10 steps to becoming your own boss in this post and be the creator of your life.
Tell us about your journey in the comments below! Wishing you all the best!